lettER TO OUR SHAREHOLDERS
SEPTEMBer 2018
SHAREHOLDER INFORMATION
DECIPHERING THE DATA
PERFORMANCES
HIGHLIGHTS
Download PDF version
PERFORMANCES
2018 Half-Year Results
€230 million
net income, Group share
7.2% of consolidated revenue
€3.8 billion
revenue
+4.8%
(at constant scope and exchange)
€324 million
operating margin
10.2% of consolidated revenue
Operating margin
in millions of euros
The operating margin improved significantly, rising from 9.5% proforma in the first-half 2017 to 10.2% in the first-half 2018 (as a percentage of consolidated revenue).
Economic revenue
in millions of euros
Restated of 283 million euros of negative impact of exchange and scope, the revenue increased by 4.8% in a worldwide automotive production up by 1.8%, i.e. outperformance of 3 points.
Net income - Group share was 230.1 million euros, a new historical record.
Net income, Group share
in millions of euros
Breakdown of revenue
by region
€109 million
free cash-flow
3.4% of consolidated revenue
€271 million
industrial investments and projects
+33%
€457 million
EBITDA
14.3% of consolidated revenue
Outlook
In 2018, worldwide automotive production is expected to grow by around 2%.
In this context together with the integration of HBPO during the second half-year, Plastic Omnium will post growth in revenue to reach around 9 billion euros in proforma figures.
The Group hereby confirms that 2018 results will show growth.
The Group will be pursuing its investment program with some 600 million euros invested in 2018 whilst clearing three-digit free cash-flow.
Net debt
in millions of euros
The net debt included an enterprise value of 350 million euros for the takeover of HBPO, the world leader in front-end modules.
The net debt represented 54% of equity and 1.1 times the EBITDA.