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1st half-year results: 21% growth in revenue - Automotive production outperformance of 7.1 points - Results show good resilience
In the second-half of 2018, worldwide automotive production declined for the first time in 10 years (-4.4%); this decline steepened in the first-half of 2019 (-6.9%). In this context, in the first-half of 2019, Compagnie Plastic Omnium saw its revenue grow 20.7% and its results show good resilience thanks to cost savings plans carried out from the 4th quarter of 2018.
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2019 Half-year results (online conference)
Plastic Omnium 2019 Half-year results will be presented during an online presentation on Friday, July 19th, 2019 at 08:30 am (Paris time).
This presentation will be webcasted.
Q1 2019 revenue: Worldwide automotive production outperformed by 6.5 points
Compagnie Plastic Omnium's economic revenue amounted to €2,236 million in Q1 2019, up by 20%. At constant scope and exchange rates, the Group's revenue was stable, in comparison to a 6.8% decline in worldwide automotive production.
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Solid 2018 results - Profitable growth and significant free cash flow confirmed for 2019
"In 2018, Plastic Omnium went ahead with two major strategic moves, with the disposal of its Environment Business and the takeover of HBPO, the world leader for front-end modules. Now a pure automotive player, the Group is strengthening its leading positions to contribute to the technological transformations toward clean, connected and autonomous cars.
Our results, once again solid in 2018 despite the first drop in world automotive production since 2009, are giving us the key means we need to be successful with this strategy. Having already taken measures to face a complex market environment, we are confident in our capacity to make further progress in 2019."
Laurent Burelle, Chairman and Chief Executive Officer of Compagnie Plastic Omnium
Plastic Omnium and Hella sign a strategic partnership on integrated car body lighting
Plastic Omnium and HELLA announce the launch of an innovative co-development project on integrated solutions, combining exterior body parts and lighting. HELLA is a leading, global, family-owned Company listed on the Frankfurt stock exchange, developing and manufacturing lighting technology and electronic products for the automotive industry.
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