OPmobility inaugurates its new module assembly plant in Austin (Texas), to address a historic order from a key US player in electric mobility. Built in only six months, the plant has already produced 100,000 modules since it started up in September. It will soon be the Group’s largest plant by revenue.
OPmobility’s (formerly Plastic Omnium) Q1 2024 revenues will be presented on Tuesday, April 23, 2024, at 9:00 am (Paris time).
The conference will be webcasted live through the below link:
https://channel.royalcast.com/landingpage/opmobilityen/20240423_1/
If you wish to access the conference call, simply dial one of the following numbers:
Then provide the operator with the code: OPmobility
By becoming OPmobility, Plastic Omnium turns a new page in its history and confirms the acceleration of its strategic transformation as a leading player in sustainable and connected mobility.
Plastic Omnium is engaged in a far-reaching transformation of its portfolio of activities dedicated to mobility in all its forms. In just 18 months, it has grown its number of divisions from three to five as well as set-up a new software development activity. With revenue now exceeding the symbolic 10 billion-euro mark, the Group is determined to accelerate and consolidate its global leadership position by developing a unique integrated offer of exterior body panels, lighting and modules.
Plastic Omnium, a world-leading provider of mobility solutions, announces the successful issue of a €500 million bond due March 2029 with a coupon of 4.875%.
Plastic Omnium, a world-leading provider of mobility solutions, announces that it has been assigned a Long-Term Credit rating of BB+ from S&P, with a “Stable” outlook.
Strong 2023 performance
Outlook
« With record revenue of €11.4 billion in 2023, Plastic Omnium crossed the symbolic €10 billion mark, highlighting the Group’s solid operating performance. As our historical activities confirm their leadership, the hydrogen business continues to ramp up industrially and commercially and the lighting business has significantly improved its profitability while achieving major commercial successes. Our exceptional order book demonstrates the relevance of our technological offer for all types of mobility and the confidence of our customers. At the same time, the Group is transforming to support market growth by adapting its industrial facilities and pooling its functional resources in each of its key regions. I would like to pay tribute to the remarkable commitment of the teams who deploy our strategic roadmap daily and are working to reduce our CO2 emissions. CDP rewarded these efforts with the highest rating for our climate action. In a market expected to contract slightly in 2024, Plastic Omnium aims to improve its financial performance and continue deleveraging.»
Laurent Favre, Chief Executive Officer of Compagnie Plastic Omnium SE
Plastic Omnium and EKPO Fuel Cell Technologies, its joint venture with ElringKlinger, are exhibiting at H2 & FC EXPO in Tokyo from February 28 to March 1, 2024. The show, a major international event focused on hydrogen and fuel cells, is part of Smart Energy Week. Plastic Omnium will be showcasing its hydrogen and battery electrification solutions for decarbonizing heavy and commercial mobility (trucks, buses and commercial vehicles).
Plastic Omnium has achieved the highest score from the CDP for its climate action. The “A” score recognizes, in particular, Plastic Omnium’s ambitious roadmap, carbon neutrality objectives across its entire value chain, and the quality of its environmental reporting. The Group joins the A-list of the world’s best-performing companies out of more than 21,000 assessed by CDP in 2023.
Compagnie Plastic Omnium SE’s 2023 annual results will be presented during a Webcast on Thursday, February 22, 2024 at 9:00 am (Paris time).
The conference will be webcasted live through the below link:
https://channel.royalcast.com/landingpage/plastic-omnium-en/20240222_1/
If you wish to access the conference call, simply dial one of the following numbers:
Then provide the operator with the code: Plastic Omnium
Plastic Omnium, through its PO-Rein joint venture, is launching the construction of its highpressure hydrogen vessels mega-plant in Jiading, Shanghai. Scheduled to be operational in 2026, the new plant will produce annually up to 60,000 hydrogen vessels and high-pressure hydrogen storage systems for the Chinese commercial vehicle market.
Olivier Dabi is appointed Chief Financial Officer as of February 1st, 2024, and joins Plastic Omnium’s Executive Committee. He succeeds to Kathleen Wantz-O’Rourke, who is leaving the Group to pursue new professional endeavors. Under the direction of Laurent Favre, Plastic Omnium’s Chief Executive Officer, his main responsibilities will be to support the Group’s transformation and manage its financial performance. Investor relations and financial communication, managed by Stéphanie Laval, will now report to Plastic Omnium’s Chief Executive Officer.
Olivier Dabi has dedicated his career to internal audit and finance across France, the United States and Japan, at PWC from 1995 to 2006 and then at Valeo, before joining Plastic Omnium in 2014 as Group Finance Control Director. In 2020, he was appointed Vice-President Finance and Information Systems of the Intelligent Exterior Systems division.
Olivier is a graduate of the École supérieure de commerce de Paris (ESCP), is a chartered accountant in France and in the United States and holds an MBA from INSEAD.
Kathleen Wantz-O’Rourke joined Plastic Omnium in June 2021 as Chief Financial and Information Officer, and member of the Executive Committee.
Links to the press releases
Plastic Omnium presents its latest innovations for tomorrow’s mobility
Plastic Omnium wins CES Innovation Award 2024
Read our press kit
Stéphanie Laval, Director of Investor Relations
Xavier Le Tulzo, Investor Relations and Financial Communications Manager
Nelly Gimenez, Financial Communications Analyst
Jules MARTIN, Financial Communication Analyst
© Photo credit – Le Revenu
On December 7th, 2023, Plastic Omnium was awarded the Jury’s Special Prize for its shareholder relations within the SBF 120 (excluding CAC 40) by Le Revenu magazine. This distinction rewards listed companies for the quality of their relations with individual shareholders.
Plastic Omnium has been working with its individual shareholders for several years, deploying a strategy of support and information. 2023 was a particularly rich year, with a visit to the Herentals plant in Belgium on November 30th, 2023. Almost twenty individual shareholders came to discover the Group’s means of production for hydrogen storage systems, as well as energy storage and depollution systems.
The Group also demonstrated its commitment to reaching out to its stakeholders by participating in a meeting dedicated to individual shareholders on December 7th, 2023, in Paris, organized by F2iC (Fédération des Investisseurs Individuels et des Clubs d’investissement). Stéphanie Laval, Director of Investor Relations, presented Plastic Omnium’s strategy and technologies to over 200 participants who then had the opportunity to talk directly with the Group’s investor relations team.
Plastic Omnium organized a visit of an industrial site for its individual shareholders on November 30th, 2023.
Almost twenty individual shareholders had the opportunity to visit our Herentals site in Belgium to discover the Group’s means of production for hydrogen tank systems, as well as energy and depollution systems. The site produces more than 1 million fuel tanks per year and the annual production capacity of high-pressure hydrogen tanks reaches 10,000 tanks.
Opened in 1997, our Herentals site now employs nearly 200 people and has undergone numerous developments to become a state-of-the-art center for the development of hydrogen tanks. The first production line for high-pressure hydrogen tanks was set up in 2020.
This visit was also an opportunity to discover the means of energy production located on the Plastic Omnium site: solar panels installed since 2019 and a wind turbine since 2022 with annual productions of 1 GWh and 8 GWh respectively, allowing to cover more than 50% of the energy consumption of the Herentals site.