lettER TO OUR SHAREHOLDERS
PERFORMANCE
Results and outlook
2017 half-year results
€210 million
net income, Group share
+35%
€4.06 billion
revenue
+28%
€325 million
operating margin
+22%
Breakdown of revenue
by region
German manufacturers contributed 36% of revenue, compared to 27% for American manufacturers, 18% for Asian manufacturers, and 16% for French manufacturers.
Change in economic revenue
in millions of euros
The robust growth in revenue stems from:
- 12.6% organic growth in the Automotive Division, which outperformed global automotive manufacturing by 10 points.
- the acquisition of the Exterior Systems business in July 2016.
Net income, Group share
in millions of euros and as
a % of consolidated revenue
All the Group’s financial indicators rose by double digits, with net income increasing by +35%. It reached a record high of €210 million over the half-year period.
Operating margin
in millions of euros and as
a % of consolidated revenue
The increase reflects the ongoing improvement of industrial performance and the optimization of the plants’ capacity. The acquired Exterior Systems business, which is margin dilutive, is currently being streamlined.
€101 million
free cash-flow
+10%
€207 million
capital expenditures
+19%
€469 million
EBITDA
+22%
Outlook
Automotive production is expected to increase by 1.5 to 2 points for all of 2017.
Based on these figures, Plastic Omnium is expected to post strong revenue growth of €8 billion. Income is projected to grow steadily.
Net debt
in millions of euros
Net debt now represents 39% of equity and 0.7 x EBITDA.