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Highlights verallia PRESS RELEASE 2021 first quarter results Improved profitability in a still challenging health situation : Slight organic decrease in revenue of 2.0 % compared to a strong Q1 in 2020 Stable adjusted EBITDA with an increase in margin to 25.1 % Paris , 29 April 2021 Decrease in revenue of -6.2 % to € 605 million in Q1 2021 ( -2.0 % at constant exchange rates and scope ) ( ¹ ) , compared to high pre - pandemic figures from Q1 2020 ▪ Adjusted EBITDA stable at € 152 million compared to Q1 2020 ▪ Strong improvement in the adjusted EBITDA margin to 25.1 % , up 161 basis points Reduction in net debt leverage to 2.1x adjusted EBITDA for the last 12 months , compared to 2.5x as of 30 March 2020 and 2.0x as of 31 December 2020 ▪ Verallia bought back its own shares for a total of € 60 million ( 1.7 % of the capital ) ( 1 ) Drop in revenue at constant exchange rates and scope ( excluding Argentina ) of -3.7 % in Q1 2021 compared to Q1 2020 . " Amid multiple lockdowns and restrictions due to the COVID - 19 pandemic , Verallia has reported a decrease in sales in the first quarter compared to an extremely dynamic first quarter in 2020 . Nevertheless , the Group has continued to improve its profitability , benefiting from its Performance Action Plan and a positive inflation spread . Despite uncertainty about the pandemic's end , Verallia can confirm its 2021 objectives thanks to its agility and resilience . " commented Michel Giannuzzi , Chairman and CEO of Verallia . 1