As announced, Plastic Omnium has completed today the acquisition of the Faurecia’s Exterior Systems business for an enterprise value of 665 million euros.
Over the first half of 2016, our growth, which hit 11% at constant exchange rates, accelerated, and we have once again converted this growth into a more solid increase of our profitability.
The European Commission has just authorized Plastic Omnium’s acquisition of Faurecia’s Exterior Systems business, subject to a certain number of disposal commitments.
These commitments represent approximately €700 million in revenue, half of which are composed of disposal of the French sites and a Spanish site for the bumper business, and half made up of the front-end module assembly business in Germany.
Plastic Omnium 2016 First-Half results will be presented during an online presentation on Wednesday, July 27th, 2016 at 11.00 am (Paris time).
Registration is required to attend this event.
To register, please:
1. Go to http://event.onlineseminarsolutions.com/r.htm?e=1223035&s=1&k=7F39DFA0B919FA5BBDBDB9685564B10B
2. As requested, enter your name, email address, company and country
3. The meeting includes a teleconference, simply dial one of the following access numbers:
Conf call number:
France: +33(0)1 72 00 15 10
United Kingdom: +44 203 043 2440
Germany: +49 6922 2229 031
Spain: +34 914 142 021
US: +1 877 887 4163
PIN Code:
– French: 72007498#
– English: 55909481#
In anticipation of high growth across the hybrid market (5.5 million cars in 2020 versus 2 million in 2015), Plastic Omnium is introducing a new-generation plastic tank for plug-in hybrid vehicles.
The plastic tank, featuring new INWIN technology, is 40% lighter than the metal model currently fitted on the majority of plug-in hybrid vehicles. It is designed to withstand the pressure created by fuel vapor when the vehicle is in electric-drive mode over long periods of time. The technology developed by Plastic Omnium is covered by 163 patents.
For the 1st quarter of 2016, economic sales1 reported by Compagnie Plastic Omnium reached €1,536.2 million, up by 6.0% over the 1st quarter of 2015 (up 7.8% at constant exchange rates).
Consolidated sales2 came to €1,300.8 million at constant exchange rates over the period (up by 6.7%).
On April 18, 2016, Plastic Omnium executed the SPA (Sale & Purchase Agreement) for the purchase of Faurecia’s Exterior Systems’ business.
The procedures with the employee representatives were completed.
The transaction must now be submitted to the European Commission and to other relevant competition authorities.
The Board of Directors of Compagnie Plastic Omnium co-opted Lucie Maurel Aubert, the Chief Executive Officer of Banque Martin Maurel, as an Independent Director.
The Annual Shareholders’ Meeting which will meet next April 28 will ratify this appointment.
The Board of Directors of Plastic Omnium now numbers five women among its thirteen members.
Plastic Omnium strengthens its positions in Belgium by winning the Gand contract for the supply, computerized management and maintenance of 225 underground containers.
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Plastic Omnium strengthens its positions in Belgium by winning the Gand contract for the supply, computerized management and maintenance of 225 underground containers. This contract, worth a total of €3.3 million, brings the group’s market share to 35% of all underground containers in Belgium. Plastic Omnium supports IVAGO, the inter-communal union for waste management in Gand and its surrounding areas, with its proactive environmental approach aimed at promoting the sorting of waste at source. Between 2016 and 2020, voluntary waste drop-off points will be installed to enable the local authority to bill 10,000 residents of the community for their unsorted residual waste. |
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Pursuant to the authorization given by the Shareholders meeting of April 30th 2014, the Board of Directors of Compagnie Plastic Omnium, in a meeting held on February 24th 2016, decided to proceed to the cancellation of 1,100,000 treasury shares, representing 0.72% of the share capital of the company.
Plastic Omnium Chairman and CEO Laurent Burelle just received from Takeshi Uchiyamada, Chairman of the Board of Toyota Motor Corporation, the carmaker’s “Global Contribution Award”. This is the highest supplier honor the carmaker awards and is given in recognition of companies that have performed outstandingly over the previous year.
All of our financial aggregates posted double-digit growth to reach historic highs. Revenue, operating margin and net income all nearly doubled in 5 years. The financial position of the Group improved even more. This performance is evidence of our ability to seize growth opportunities, while improving the profitability of our operations.
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2015 Financial results presentation2015 consolidated Financial statements |
Plastic Omnium 2015 Financial results will be presented during an online presentation on Thursday, February 25th, 2016 at 9:00 am (Paris time).
Registration is required to attend this event.
To register, please:
1. Go to http://event.onlineseminarsolutions.com/r.htm?e=1128103&s=1&k=DFE3796F1C5D1019FBA438B50EC4CE97
2. If requested, enter your name, email address, company and country
3. The meeting includes a teleconference, simply dial one of the following access numbers:
Conf call number:
France: +33(0)1 72 00 15 10
United Kingdom: +44 203 043 2440
Germany: +49 6922 2229 031
Spain: +34 914 142 021
US: +1 877 887 4163
Codes d’accès :
– French: 173052#
– English: 998116#
Plastic Omnium, the world leader in automotive exterior components and modules, automotive fuel systems and waste container solutions has renewed its commitment to Detroit-based nonprofit Focus: HOPE with a $1 million donation over three years.
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This donation will renew Plastic Omnium’s commitment as the presenting sponsor of Focus: HOPE’s annual Eleanor’s Walk for Hope through 2018. The donation will also support a number of the organization’s workforce initiatives, including: Workforce Readiness Workforce Development College Degree Programs Year Round Youth
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