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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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Plastic Omnium issued a €300 million 7-year Schuldscheindarlehen
Compagnie Plastic Omnium today completed a Schuldscheindarlehen (private placement under German law) for 300 million euros.
This is a 7-year private placement with a fixed coupon of 1.632%, without covenants or ratings.
Laurent Burelle succeeds to Jean Burelle as Chairman and Chief Executive Officer of Burelle SA
In its meeting today, the Board of Directors of Burelle SA, the holding company leading and controlling the Burelle Group, accepted Jean Burelle's resignation from his position as Chairman and Chief Executive Officer under the provisions contained in the bylaws relating to the age limit. The Board unanimously decided to appoint Laurent Burelle as Chairman and Chief Executive Officer of Burelle SA, effective January 1st, 2019. Laurent Burelle retains his positions as Chairman and Chief Executive Officer of Compagnie Plastic Omnium, Burelle SA's main subsidiary.
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Sale of the Environment business to the consortium Latour Capital/Bpifrance
Compagnie Plastic Omnium confirms the sale of its subsidiary Plastic Omnium Environment BV to the consortium made up of Latour Capital and Bpifrance (Banque Publique d’Investissement). The deal is made for an enterprise value of €220 million.
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