Plastic Omnium posted a further year of profitable growth and debt deleveraging, with improvement in all consolidated data in 2014…
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2014 Financial results presentation |
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Sale by the Environment Division of its road signage activity in Switzerland
Plastic Omnium finalized the sale of its 50% shareholding in Signal AG, a company registered in Switzerland specialized in road marking, signage and services.
This company, held jointly with a Swiss partner, achieved a turnover of 50 MCHF (42 M€) in 2014 . The 50% shareholding were sold for 20 MCHF.
The Environment Division continues to refocus on its waste containers business with a view to grow this activity.
Plastic Omnium presents its 2014-2018 growth and innovation strategy
Plastic Omnium presents its 2014-2018 growth and innovation strategy during its Investor day held in Compiègne (France) at its new global R&D center, ?-Alphatech.
Revenue of €7 billion in 2018
Plastic Omnium, whose development strategy is focused on strengthening its industrial facilities worldwide, and on the ambitious development of its new product lines, confirms that its business will grow twice as fast as the global automotive market in 2014-2018, reaching €7 billion in revenue in 2018, compared with the estimated €5.3 billion in 2014. At that time, Europe will account for 50% of the total figure, North America for 29% and Asia for 18%, with revenue in China doubling between 2014 and 2018 (28 plants in 2018).
€1.7 billion in self-financed investments in 2014-2018
In order to meet the commercial success experienced among leading automobile manufacturers worldwide, Plastic Omnium plans to invest €1.7 billion in 2014-2018, compared with €1 billion in 2009-2013. These investments are intended to develop new automobile programs and to expand the group’s industrial facilities, which are currently well loaded. Accordingly, the group plans to open 20 new plants in 2014-2018, including 12 in Asia.
In so doing, Plastic Omnium – already the world leader in its businesses – will strengthen its leading market positions with 15% market share expected in bumpers in 2018 (10% in 2014) and 24% in fuel systems (21% in 2014).
€1 billion in revenue in new product lines in 2018
Increased regulatory constraints worldwide aimed at protecting the environment (CO2, NOx) represent a major driver of growth for Plastic Omnium’s businesses. Accordingly, the group is developing innovative solutions to make vehicles lighter (plastic tailgates, parts made with composite materials and carbon fiber) and to improve aerodynamics (light-air bumper), together with systems to remove NOx (DINOx-SCR).
The ramp-up of these new product lines will enable Plastic Omnium to generate nearly €1 billion in revenue with innovative solutions in 2018, i.e. 15% of revenue, compared with 5% in 2013.
Benchmark profitability
The strong growth expected in 2014-2018 will be accompanied by the rigorous management of industrial costs and projects, which will continue to position Plastic Omnium’s profitability within the benchmark of the automotive manufacturer industry.
A detailed presentation of this 2014-2018 growth and innovation strategy is available.
Open pdf file
The 2014-2018 data provided in this document were prepared according to the same methods used in 2013 to prepare the audited consolidated financial statements, thereby reflecting the Group’s operational and managerial reality.
Plastic Omnium unveils a new generation of wheelie bins at the Pollutec trade fair
Lighter, stronger, greener and quieter, the new 180-liter wheelie bin will be presented by Plastic Omnium at the next Pollutec trade fair (Lyon, 2-5 December).
This innovative bin meets the concerns of citizens and local authorities by reducing noise pollution and respecting the environment.
This wheelie bin, boasting a new design, is equipped with a lighter lid attached to axles and is therefore quieter when closed. It also has wheels made of rubber powder from recycled tyres which are more flexible and offer better vibration absorption. Lastly, the rolling noise is also reduced thanks to more shock-absorbing bindings.
Together, all these technical developments lead to a strong reduction in the noise produced when moving and handling the bins upon waste collection.
This new bin, developed at the ?-Sigmatech Research and Development center in the Lyon suburbs, illustrates the Plastic Omnium group’s determination to build its development on an innovative product and services range. Indeed, 5% of the group’s revenue is invested every year to that end.
Find Plastic Omnium at the Pollutec trade fair held from 2 to 5 December in Lyon, Stand No. 292 – Hall 4, Aisle H
Share capital reduction of 0.9% through the cancellation of treasury stock
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 October 24th 2014…
Third-Quarter 2014 revenue
Business activity up 5.4% in first 9 months 2014
First-half 2014 net income grows by 12%
The Board of Directors of Compagnie Plastic Omnium met on July 22, 2014 under the chairmanship of Laurent Burelle.
First-half 2014 Results – According to IFRS standards 10/11/12
The new IFRS 10/11/12 standards, effective from January 1, 2014, require jointly controlled entities to be reported using the equity method.
Two news plants in the United States
Plastic Omnium has begun work on the construction of two plants in the US: the one produces auto exterior parts in Chattanooga (Tennessee), aimed at supplying the Volkswagen plant nearby; …
Votes of the resolutions – Shareholders' meeting of April 30, 2014
Business activity in the First-Quarter of 2014
Revenue is determined using the same methods as those used in 2013 to prepare the audited consolidated statements. It provides an accurate picture of the Group’s economic and managerial situation.
Revenue in the first-quarter of 2014 – According to IFRS standards 10-11-12
According to the new IFRS standards 10/11/12, applicable from January 1, 2014, revenue for Compagnie Plastic Omnium amounted to €1,103.5 million in the First-Quarter of 2014.
2013 Annual Results
Plastic Omnium recorded strong earnings growth in 2013.
Interview with Laurent Burelle – 2014
2013 revenue rises 6.6% to €5.1 billion
Compagnie Plastic Omnium’s revenue for the year ended 31 December 2013 totaled €5,124.5 million, representing an increase over the previous year of 6.6% as reported and 9.2% at constant scope of consolidation and exchange rates.