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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
The International City of Gastronomy opens today, October 19th!
Plastic Omnium is proud to be sponsor of this ambitious project. An innovative concept combining museum and cultural center devoted to gastronomy.
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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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Compagnie Plastic Omnium changes its governance: Laurent Burelle becomes Chairman, Laurent Favre joins the group as Chief Executive Officer and Félicie Burelle is appointed Managing Director
On a proposal from Laurent Burelle, with an aim to pursue long-term growth for the group by seizing opportunities related to the transformation of the automotive market, the Board of Directors of Compagnie Plastic Omnium, at its meeting today, decided to appoint a new leadership team and change the company's governance structure.
Starting January 1, 2020, Laurent Burelle, Chairman and Chief Executive Officer since May 2001, will become Chairman of the group. Laurent Favre will be Chief Executive Officer (CEO) and Director. On a proposal from Laurent Favre, Félicie Burelle will become Managing Director, alongside the CEO.
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