During the 1st quarter of 2020, thanks to its solid order backlog, Plastic Omnium managed to outperform by 20 points the worldwide automotive production, down by 24.4% due in particular to the Covid-19 pandemic (outperformance by 19.6 points on economic revenue and by 21.7 |
Year: 2020
Plastic Omnium production in China back to activity
On April 8, Chinese authorities lifted the two and a half months lockdown on Wuhan city, allowing the restart of operations in the last confined region of China. After all its other Chinese plants, Plastic Omnium has thus been able to restart production in its sites and reopen its R&D center in the region of Wuhan. For Plastic Omnium, employees’ safety is a top priority. With this objective in mind, a Restart Task Force leaded by the Group and headed by the Asia General Manager, had anticipated the restart of operations and implemented plant disinfection, epidemic prevention information, training of the teams, etc. He is helped in this task by a specially appointed Covid manager per each plant, whose task is to ensure that the 15 non-negotiable fundamentals will be applied on a daily basis. Plants loading in China are gradually increasing to reach today an average of 50%, casting a positive light for the restart of the automotive business in the region. Those strict preventative and protective measures will be maintained as long as necessary to ensure the teams’ safety. The Restart program will be a management and operational tool for every Plastic Omnium plant once the reopening will be possible. |
Protection and temperature measures
Applying distancing measures |
Live broadcast of April 23, 2020 close-door shareholders meeting
In accordance with the order no. 2020-321 of March 25, 2020, the Board of Directors of Compagnie Plastic Omnium SE has decided to hold the Company’s Annual Shareholders’ Meeting in close-door, on April 23, 2020. We also inform you that the Shareholders’ Meeting will be broadcasted Live on the company’s website: |
Plastic Omnium, in the name of Félicie Burelle, Managing Director, was member of the 3rd ACF AutoTech Grand Prix jury
Organized by the Automobile Club de France and the ESSEC Automobile Club, this Grand Prix highlights and rewards the most innovative French and international startups acting in the automotive field. Deliberations took place April 2nd, in a 100% digital session where the public was invited to vote. |
Shareholders Meeting of April 23, 2020 without the physical presence
In accordance with the laws and regulations enacted to combat the spread of Covid-19, the Board of Directors of Compagnie Plastic Omnium SE has decided to hold the Company’s Annual Shareholders’ Meeting without the physical presence of its shareholders. As a consequence we invite you to anticipate and give preference to participating in the Shareholders’ Meeting by the remote voting means made available to you (by mail or by Internet). You have the possibility to ask questions before the Annual General Meeting, via the email address investor.relations@plasticomnium.com. We also inform you that the Shareholders’ Meeting will be broadcast on the company’s website (https://www.opmobility.com). |
34% dividend reduction at €0.49
Aware of its responsibilities to all of its stakeholders, the Board of Directors of Compagnie Plastic Omnium SE met by telephone conference on March 31, 2020 and unanimously agreed to reduce the dividend proposed for 2019 to €0.49 per share, compared with the €0.74 initially proposed, i.e. a reduction of 34%.
Plastic Omnium fully geared up to face Covid-19
In response to the Covid-19 pandemic, Plastic Omnium is implementing all measures to protect the Group’s 32,000 employees, ensure the continuity of its operations by liaising closely with customers, and maintain the robustness of its financial structure.
The Group’s first priority is the health of its employees. Across all of its plants, on a global level, Plastic Omnium has put in place a series of rigorous measures to avoid contact between employees and reduce the risk of contamination: – Home office is in place for all jobs where this is possible; |
Damien DEGOS is appointed Group Purchasing Performance Director
To strengthen its operational excellence, Plastic Omnium has created the position of Group Purchasing Performance Director within the Executive Committee, entrusted to Damien DEGOS as of March 16, 2020. The first mission of Damien DEGOS will be to optimize the organization of indirect purchases in order to rationalize the supplier portfolio, generate savings and guarantee the quality of the service provided. Its second mission will be to deploy actions to strengthen the social responsibility of the supply chain and reduce the Group’s carbon footprint, thereby underlining and reinforcing the Group’s strong societal commitment, ACT FOR ALL ?. A graduate of the Ecole Supérieure d’Electricité (SUPELEC) and the IMD of Lausanne, Damien DEGOS has 26 years of experience in the Group, where he has held operational and financial management positions. |
Plastic Omnium, winner of the mixite trophies – Category best progression France 2017/2020
Plastic Omnium is the winner of the 2017-2020 Best Progression France Trophy for the percentage of women in the COMEX, the TOP 100 and the global workforce.
Félicie Burelle, Managing Director and Jean-Sébastien Blanc, Executive VP Human Resources, received with pride this award given by the association WAVE, during the ceremony that took place on March 5 within the PFA premises, in the presence of Muriel Pénicaud, French Minister of Labor, and Luc Chatel, President of the Plateforme Française de l’Automobile (PFA). The WAVE association – Women and Vehicles in Europe – was created in 2008 to promote gender balance in the automotive and mobility professions. To officially reward companies that make gender diversity a real development lever in their organizations, WAVE is organizing the first gender diversity awards. Convinced that diversity within teams is the key to success and performance, it is at the heart of Plastic Omnium’s Corporate Social Responsibility ACT FOR ALL? policy. The Group’s objective is to reach 25% of women in leadership and management positions in 2025, with strong attention to the development of their internal career. Discover the 3 focuses and 10 markers of ACT FOR ALL? |
2019 Results revenue
In 2019, Plastic Omnium’s results, its technological advances, and its ambitious social responsibility policy gave to Plastic Omnium the means to pursue a strategy of profitable and sustainable growth in a complex environment.
Thanks to a diversified customer portfolio, 32,000 committed employees, a clear innovation roadmap and a sound financial structure, Plastic Omnium ranks as a leader in clean and connected mobility, constantly enhancing the value of its innovative systems.
Growth, outperformance and solid results Financial structure strengthened by strong generation of cash-flow An ambitious and vigilant Group 2019 annual results presentation2019 consolidated financial statements |
First contract for Water Injection, an innovative emissions control system for gasoline engines
Plastic Omnium has just won the first contract to mass-produce, for a premium European carmaker, its innovative “Water Injection” system.
Water Injection technology reduces the emissions of gasoline combustion engines. Water is injected into the combustion chamber to cool the air-fuel mixture, thus reducing CO2 emissions by up to 15%, whilst improving engine efficiency and performance by 10%. |
Plastic Omnium Investor Day "Always Ahead"
On the occasion of its ”Investor Day“ held today at its ?-Deltatech advanced research center in Brussels, dedicated to new energies, Plastic Omnium is setting out its profitable and sustainable growth strategy for 2019-2022, as well as its innovation roadmap to address the rapid technological transformation of the automotive industry.
Laurent Burelle, Chairman of Compagnie Plastic Omnium, made the following statement: Laurent Favre, Chief Executive Officer of Compagnie Plastic Omnium, added the following:
2019 financial outlook: |
INVESTOR DAY – January 7, 2020 (online conference)
The video replay of Plastic Omnium’s Investor Day will be presented during an online presentation on Tuesday, January 7th, 2020 at 10:15 am (Paris time).
Please register now to: Conf call number: |
Two new President & CEOs to lead Plastic Omnium’s manufacturing businesses
On January 1, 2020, Stéphane Noël has been appointed President and CEO of Intelligent Exterior Systems, and Christian Kopp has also been appointed President and CEO of Clean Energy Systems.
The Intelligent Exterior Systems business, which generates revenue of approximately €4 billion, is the global leader in exterior systems. The Clean Energy Systems business, the world leader in storage and pollution reduction solutions, takes in around €3 billion in revenue. Stéphane Noël, 49, started his career at Hutchinson, working in quality and operations, and later became a subsidiary CEO in Asia. He joined Plastic Omnium in 2012 as President and CEO for Asia for the Clean Energy Systems business. In October 2017 he took on the role of President and CEO of Clean Energy Systems. Christian Kopp is now taking the helm of Clean Energy Systems. |