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Plastic Omnium finalizes the disposal of non-industrial real estate assets for €128.5 million
Plastic Omnium today completed the sale of its non-industrial real estate assets to the real estate company Sofiparc, wholly-owned by Burelle SA, the holding company which also controls Plastic Omnium. As announced, the disposal was completed for an amount of €128.5 million.
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Postponement of the Investor Day to January 7, 2020
Considering the likely extent of the social movements in France as of December 5, 2019, Compagnie Plastic Omnium believes it preferable to postpone its Investor Day, initially planned for Friday December 6, 2019 at its research center, Δ-Deltatech, in Brussels.
This meeting will now be held on January 7, 2020 at Δ-Deltatech, in Brussels.
Shareholders Visit at the International Research & Development Center Alphatech in Compiègne (France)
As every year, Plastic Omnium has organized a visit for its individual shareholders.
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Strong growth in revenue at September 30, 2019
In the 3rd quarter 2019:
- Revenue of €2,240.8 million, up 10%
- Outperformance of 11.7 points over worldwide automotive production
Despite strong activity and a buoyant backlog, operational difficulties affecting the start-up of the new Greer plant (South Carolina) have led the Group to review its financial outlook for 2019
Over the first nine months of 2019, Plastic Omnium Group activity was very strong. Economic revenue amounted to €6,852 million (€6,356 million in consolidated revenue), up 17.0%. At constant scope and exchange rates, the rise was 2.7% compared to September 30, 2018, i.e. outperformance of 8.7 points compared to automotive production estimated to be down 6.0% over the period.
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