Botellas Botellas Botellas

About Us

Vidrala is a consumer packaging company. We produce glass containers for food and beverage products and offer a wide range of services, including logistics solutions and packaging operations. With a strong industrial track record, expanding geographical presence, and deep technical knowledge, we are a strategic partner to many of the leading brands in the consumer world.

2024 has been a year of progress, marked by our entry into Brazil, the divestment of Italy, a large series of ambitious industrial investments in Europe, and the integration of the large bottling facility in Bristol (UK). These moves are part of a broad strategy that, in recent years, has seen us execute multiple differential investments that result in a refocus into three key divisions, a strengthening of long-term partnerships with strategic customers, and the establishment of foundations for potential development in growing regions.

Glass is much more than just a packaging material: it is the ultimate sustainable choice. Its infinite recyclability, natural origin, and unparalleled ability to preserve product quality make it the best choice for brands and consumers alike. Its transparency, elegance, and versatility not only protect the product but also serve as an ambassador for its identity, capturing the essence of each drink and food in its fullest expression.

Our commitment remains clear: to serve our customers, manufacturing glass containers and providing packaging services in the most efficient, cost-effective, and sustainable way, while ensuring the safety and well-being of our people. We look to the future with optimism and determination, investing more ambitiously than ever with our customer in mind, prepared to face new challenges, and contributing to the progress of the packaging industry.

Chairman´s Letter

Dear shareholders,

I am writing to provide an overview of the events that shaped the year 2024, a period marked by geopolitical tensions, political shifts, and global macroeconomic uncertainty. While the recovery in demand has been softer than anticipated, we have continued to strengthen our market position, enhance our competitiveness, and reinforce our customer service. Once again, we have demonstrated our ability to adapt to complex environments.

In this context, we closed the year with sales of EUR 1,588 million. Operating profit -EBITDA- reached EUR 454 million, representing a margin of 28.6% over sales, and net profit totalled EUR 298 million. In line with our shareholder remuneration policy, focused on a sustained dividend growth as the primary means of profit distribution, the Board of Directors has proposed an annual ordinary dividend of EUR 1.5959 per share. This represents an increase of over 15%, considering the effect of the recent bonus share issue.

Beyond financial results, 2024 was a year of significant transformation, characterised by the sale of our business in Italy and the integration of Vidroporto in Brazil. These transactions have allowed us to reorganise the business into three clearly defined divisions, strengthen our long-term partnerships with strategic customers, identify distinct management priorities, and lay the groundwork for potential development in growing regions.

Finally, as part of a carefully planned succession process, Raúl Gómez took on the role of CEO in July 2024, succeeding Gorka Schmitt. Following the recent acquisition of Vidroporto, this transition marks a significant milestone in our organisational evolution, embodying our vision for the future: a united company, ready to innovate and grow while staying true to the values that have established us as leaders in the glass industry. The Board extends its heartfelt gratitude to Gorka for his outstanding leadership and expresses full confidence in Raúl and his team’s ability to successfully navigate the challenges ahead.

In conclusion, Vidrala is today a stronger, more agile, and better-prepared company, ready to face future opportunities with ambition. We hold leadership positions in key markets and boast a highly capable team ready to drive growth. We will invest, more than ever, with our customers in mind, to continue growing, enhancing our competitiveness, and producing our products as sustainably as possible. All of this will be achieved with strict financial discipline and a steadfast commitment to creating value for you, our shareholders, and for the communities in which we operate. Thank you for your trust and support.

Yours faithfully,

Carlos Delclaux
Chairman at Vidrala

Firma Carlos Delclaux
Presidente

Our History

Since 1965, the Vidrala Group has been working to incorporate the latest technological developments into the production of packaging so that it can contribute to society.

1965 The origin
of Vidrala
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Vidrala begins operations in Alava (Spain).

1985 Vidrala goes
public
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IPO Madrid and Bilbao stock exchanges.

1989 Domestic
expansion
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Second greenfield in Albacete (Spain).

2003  
Internationalisation
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Acquisition of one plant in Portugal.

2005  
Internationalisation
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Acquisition of two plants: Barcelona (Spain) and Italy.

2007  
Internationalisation
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Acquisition of one plant in Belgium.

2015 Transformational
acquisitions
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Acquisition of Encirc (UK and Ireland).

2017 Transformational
acquisitions
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Acquisition of Santos Barosa (Portugal).

2019 Strategic
divestment
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Sale of our manufacturing activity in Belgium

2023 Differentiation &
Diversification
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Acquisition of ‘The Park’ filling & logistics business (UK).

2023 Differentiation &
Diversification
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Acquisition of Vidroporto (Brazil).

2024 Differentiation &
Diversification
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Sale of our manufacturing activity in Italy.

2024 Main Figures

Botes
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9 glass manufacturing
sites

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2 beverage filling
facilities

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>9.0 bn containers
produced annually

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>1,600 customers

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≈5,000 employees

2024 Metrics

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>100,000 training
hours

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53.4% use of recycled glass
over total raw
materials

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-1.8% in consumption of
raw materials*

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-17.3% in water
usage*

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-6.1% in CO2 emissions*

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-2.7% in energy
consumption*

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63.6 Net Promoter
Score

(*) Annual variation over 2023, in unitary terms (i.e., over ton of melted glass). This is a reference unit of measure in the glass industry. Any information based on ton of melted glass -tmg- enables both the assessment of the company’s performance and the comparison among different companies in the sector.

The perfect packaging for the circular economy

Glass packaging is safe, healthy and inert. It guarantees the highest protection and the most optimal preservation conditions.

More importantly, glass can be recycled once and again.

It is the ultimate sustainable packaging.

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Recycling

Containers have infinite lives. Glass is recycled following the same manufacturing process, which allows it to be handled over and over again without losing any of its properties and advantages.

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Raw materials

The core ingredients of silica sand, soda ash, and recycled glass are mixed into a precise batch formulation.

More ingredients can be added to create different colours of glass.

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Melting

The prepared batch travels along a conveyor belt to the furnace, which melts the raw materials at 1,600°C for 24 hours.

Now ready for forming, the melted glass is distributed to a forehearth, where it is conditioned and equalised into a uniform temperature.

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Forming

Streams of melted glass enter a feeder and are pushed down a narrow tube by a plunger.

As they emerge, mechanical shears cut them into gobs, before going to blank moulds in the forming machine to create partially shaped melted glass called ‘parisons’.

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Annealing lehr

Loaded into the annealing lehr, the bottles are heated again and then cooled to room temperature, relieving internal stress and improving durability.

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Quality control

Moving along to the automated inspection area, careful monitoring involves a comprehensive range of electronic, mechanical and manual checks to ensure bottles are of the highest quality, and any that don’t pass the test are returned for recycling.

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Packaging and expedition

All the bottles are automatically packed into pallets and wrapped hermetically so they can be delivered to customers in the best condition.

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Consumption

Glass as a lifestyle. We produce the best packaging for society and meet the demands of consumers to bring us a little closer to the world we want to live in.

Recycling Rawmaterials Melting Forming Annealinglehr Qualitycontrol Packaging andexpedition Consumption

Sustainable Development Goals

Vidrala’s sustainability strategy is guided by our 4P framework: People, Place, Planet, and Prosperity. This framework ensures that our operations are aligned with long-term sustainability goals, addressing industry challenges while creating value for all stakeholders.

Logos

In 2024, we focused our efforts across four main work groups:

Grafica
01 Glass industry of the future
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  • Glass of the future
  • Furnace of the future
  • Smart manufacturing
02 Sustainable supply chain
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  • Recycled Raw materials
  • Sustainable energy
  • Supplier sustainability policy
03 People
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  • Health & safety
  • Talent & People Development
  • Engagement, Equity, Diversity & Inclusion
  • Workplace and well-being
04 Nature and Community
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  • Biodiversity
  • Water
  • Community

Glass Industry of the Future, Sustainable Supply Chain, People, and Nature and Community, each supporting a specific pillar of the 4P framework.

FY 2024 Results

Botella
2023

SALES 1,559M€

Evolution

+1.9%

2024

SALES 1,588 M€

2023

EBITDA 394M€

Evolution

+15.3%

2024

EBITDA 454M€

2023

EPS 6.89€

Evolution

+28.5%

2024

EPS 8.85€

2023

NET DEBT / EBITDA 1.1x

Evolution

-0.5x

2024

NET DEBT / EBITDA 0.6x

Sales EUR million Grafica
Operating result EBITDA in EUR million and as percentage of sales Grafica
Financial position Net debt in EUR million and times EBITDA Grafica
Shareholder remuneration
Interim dividend (Feb. 2025) Flecha 1.1198€ / share
Complementary dividend (Jul. 2025) Flecha 0.4261€ / share
AGM attendance bonus Flecha 0.0500€ / share
2025 total remuneration Flecha 1.5959€ / share
+15%* 2025 vs 2024
Considering the effect of the bonus share issue completed in November 2024.

Share Performance

The share price closed 2024 at €92.90, equivalent to a year-end market capitalization of €3,115 million.

Share Price performance Comparative performance in percentage terms, base 2015
  • Vidrala
  • Ibex 35
  • Stoxx 600
Grafica Grafica

Full year 2024

Price at the end of the period (EUR) Flecha 92.90
Market capitalisation (EUR million) Flecha 3,115
Ordinary cash remuneration Flecha 1.4454€ / share
Interim Flecha 1.0180€ / share
Complementary Flecha 0.3874€ / share
AGM attendance bonus Flecha 0.0400€ / share
Extraordinary cash remuneration Flecha 4.0000€ / share

Contact

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