lettER TO OUR SHAREHOLDERS
MARCH 2019
SHAREHOLDER INFORMATION
DECIPHERING THE DATA
PERFORMANCES
HIGHLIGHTS
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PERFORMANCES
2018 Annual Results
€8.2 billion
revenue
+8%
€533 million
net income, Group share
+25%
Operating margin
in millions of euros
In 2018, the Group's operating margin represented 8.4% of consolidated sales versus 9.6% in 2017. As anticipated, the full consolidation of HBPO (a less capital-intensive assembly business) from July 1, 2018 onward, has had a dilutive impact on the percentage of operating margin.
Economic revenue
in millions of euros
Economic revenue is up by +7.6% and +2.4% like-for-like basis. Outperformance is 3.4 points compared to an automobile production down by 1% in 2018.
Breakdown of 2018 revenue
by region
Net profit, group share
in millions of euros
Net profit, Group share came to €533.3 million (i.e. 7.4% of consolidated sales), versus 6.6% in 2017.
€218 million
Free cash-flow
+24%
€0.74
Dividend per share
+10%
Net debt
in millions of euros
Free cash-flow
in millions of euros
The Group's net debt represented
32% of equity and 0.8x EBITDA.
The Group generated free cash-flow of €218 million (3.0% of consolidated revenue) after investments up 26% to €562 million.
* Proforma, i.e. if the takeover of HBPO has occurred on January 1st, 2018, economic revenue amounted to €9Bn.
** In accordance with IFRS 5 "Non-current Assets Held for Sale and Discontinued Operations", data published in 2017 have been restated as part of the disposal of the Environment Division. The amounts shown in this document for 2017 are the restated data.
OUTLOOK
will continue to be marked by macro-political and macro-economic risks, translating to greater uncertainty and volatility, particularly
In this market context, Plastic Omnium is working with a hypothesis of flat worldwide automotive production for the whole year.
In this context, for 2019 Plastic Omnium confirms:
- a 5-point outperformance over worldwide automotive production;
- an operating margin showing growth in value;