2019 Results: Revenue growth of more than 11%, Strong generation of free cash-flow

INVESTOR RELATIONS

The purpose of Investor Relations is to keep the capital markets continuously informed about Plastic Omnium’s position, operations and development.

Back
-  19 February 2020

2019 Results: Revenue growth of more than 11%, Strong generation of free cash-flow

In 2019, Plastic Omnium’s results, its technological advances, and its ambitious social responsibility policy gave to Plastic Omnium the means to pursue a strategy of profitable and sustainable growth in a complex environment.
Thanks to a diversified customer portfolio, 32,000 committed employees, a clear innovation roadmap and a sound financial structure, Plastic Omnium ranks as a leader in clean and connected mobility, constantly enhancing the value of its innovative systems.

Growth, outperformance and solid results
- Economic revenue: €9,183 million, up 11.4%, +1.1% like-for-like, outperformance of 6.9 pts
- Consolidated revenue: €8,494 million, up 17.2%, +1.4% like-for-like, outperformance of 7.2 pts
- EBITDA: €1,005 million, 11.8% of consolidated revenue
- Operating margin: €511 million, 6% of consolidated revenue
- Net profit – Group share: €258 million, 3% of consolidated revenue

Financial structure strengthened by strong generation of cash-flow
- Free cash-flow: €347 million, after investments of €512 million (6.0% of revenue) and the sale of non-industrial real estate assets for €128.5 million
- Net debt: €739 million, representing 32% of equity and 0.7x EBITDA (€511 million before application of IFRS 16)

An ambitious and vigilant Group
- Proposed dividend: €0.74, representing a 42% distribution rate
- 2020 outlook:
o Growth: outperformance of 5 points compared to worldwide automotive production;
o Growth in operating profit and EBITDA in value, with an enhanced cost-reduction program;
o Generation of free cash-flow of at least €200 million to boost innovation dedicated to clean and sustainable mobility.

Open pdf file

2019 annual results presentation2019 consolidated financial statements

To view the replay of the Webcast, click here

 
close