Strong growth in revenue at September 30, 2019

For the first nine months of 2019:
– Revenue of €6,851.8 million, up 17%
– Outperformance of 8.7 points over worldwide automotive production

For the 2019 full-year, in expectation of a decline of around 6% in worldwide automotive production, the Group confirms:
– outperformance of at least 5-points over worldwide automotive production
– an operating margin of around 6.0% of revenue,
– 2019 EBITDA exceeding 2018 EBITDA (€918 million),
– free cash-flow of around €300 million, including the impact of the real estate disposal project already announced.

“In a complex market environment marked by a drop of around 6% in worldwide automotive production in 2019, Plastic Omnium posts strong outperformance, reflecting market share gains in all of its business lines, along with the ramp-up of the Group’s new production facilities and the success of its range of innovative products.
Despite the short-term impact on profitability due to operational difficulties in the ramp-up of our Greer plant in the US, the Group’s fundamentals remain solid and its cost reduction and free cash-flow generation programs have been reinforced.
Our growth will continue in the upcoming years thanks to our solid order book and the 12 plants and 3 R&D centers opened in 2018-2019.”

Laurent Burelle, Chairman and Chief Executive Officer

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