Plastic Omnium signs contract with EDF group to supply renewable electricity covering half of its needs in France

13-09-2023 Innovation

Plastic Omnium has signed a contract with EDF Renewables that will cover around 50% of its electricity needs with low-carbon electricity by 2025. The renewable electricity will be produced at five new photovoltaic power plants developed, built and operated in France by EDF Renewables and its Luxel subsidiary. This strategic choice sees Plastic Omnium reach a new milestone on its path to carbon neutrality in scopes 1 and 2 by 2025.

Press release

Plastic Omnium to set up largest hydrogen storage production plant in Michigan, U.S.A.

28-08-2023 Finance

Plastic Omnium announces plans to build the largest North American hydrogen storage manufacturing plant in Grand Blanc Township, Michigan, to supply a major American automaker. The Group will design, develop and produce high-pressure hydrogen storage systems for medium and heavy-duty zero emissions mobility. In addition, a state-of-the-art validation and prototyping lab will be commissioned to ensure product safety and customer support.

Press release

2023 half-year results

24-07-2023 Finance

– Strong growth in revenue of +35%, operating margin and free cash-flow
– Marked improvement in profitability of lighting
– Half-year order book well above one year of revenue
– Annual targets confirmed

Read the press release

2023 Half-year Results Presentation

Watch the webcast replay

2023 Interim Financial Report

2023 Half Year Results

13-07-2023 Finance

Compagnie Plastic Omnium SE’s 2023 Half-Year Results will be presented on Monday, July 24, 2023 at 9:00 am (Paris time).

9:00 am (Paris time) – Presentation of the 2023 Half-Year Results

The conference will be webcasted live through the link below:
https://channel.royalcast.com/landingpage/plastic-omnium-en/20230724_1/

If you wish to access the conference call, simply dial one of the following numbers:

France : +33 (0) 1 70 37 71 66
UK : +44 (0) 33 0551 0200
US : +1 786 697 3501

Then provide the operator with the code: Plastic Omnium

Launch of PO-REIN joint venture in China

21-06-2023 Finance

The new 50/50 joint venture between Plastic Omnium and Rein Hytech, a subsidiary of Shenergy Group, is now operational, under the name PO-Rein. The joint venture has for ambition to manufacture and market high-pressure hydrogen storage systems for the Chinese commercial vehicle market.

Press release

Plastic Omnium presents its hydrogen mobility solutions at the 24 hours of Le Mans

09-06-2023 Innovation

This year the Automobile Club de l’Ouest is celebrating the centenary of the 24 Hours of Le Mans, the world’s most prestigious endurance race.
For this iconic event, MissionH24 is preparing the future of sustainable mobility. Since its launch in 2015, this project has focused on developing a hydrogen-powered racing car for a specially conceived 24-hour decarbonized race.

Plastic Omnium, a partner of the Automobile Club de l’Ouest (ACO), has been supporting MissionH24 since its beginnings. We will be the exclusive supplier of on-board hydrogen storage for the upcoming Le Mans Series Hydrogen Endurance Championship.

To mark this special anniversary, the Mission H24 prototype is being showcased in the Hydrogen Village at the heart of the 24 Hours race circuit. It brings together companies working towards the zero-emission energy transition through the harnessing of hydrogen—the most abundant element to exist in the universe, either as a single atom, ‘H’, or as a molecule, ‘H2’.

You are welcome to visit us and explore our range of products designed for hydrogen mobility. Our team of experts will be available to answer any questions you may have.

Plastic Omnium announces new international partnerships to boost its open innovation strategy

25-05-2023 Innovation

Plastic Omnium has signed partnership agreements with two international academic institutions, which play a leading role in open innovation, the Massachusetts Institute of Technology (MIT) in the USA and National Innovation Center by Excellence (NICE) in China. These new partnerships offer Plastic Omnium the opportunity to harness innovation ecosystems in two of the world’s most dynamic regions in terms of research and mobility.

Press release

First quarter 2023 revenue

25-04-2023 Finance

Very strong revenue growth of +34.5% year-on-year.
Historic order intake in North America of c. €10 billion for combustion, electric and hydrogen vehicles.

Press release Presentation

For the webcast replay, click here

Annual Meeting of Shareholders on April 26, 2023 at 17:00 (CET)

21-04-2023 Finance

Message from Chairman of the Board
Open pdf file

How to attend and vote at the General Meeting?
Open pdf file

To register to the Webcast, please, go to:https://channel.royalcast.com/landingpage/plastic-omnium-fr/20230426_1/

Consult the presentation (only FR)

For the webcast replay, click here

Plastic Omnium at auto Shanghai 2023

18-04-2023 Innovation

At the 20^th Shanghai Auto Show, to be held from April 18 to 27, 2023, Plastic Omnium will showcase its technologies that meet the challenges of cleaner, safer and more appealing mobility. With more than 7,000 employees and 12% of revenue generated in 2022 in China, the Group is accelerating its growth and ability to offer technologies that target today’s mobility challenges.

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2022 annual results, Laurent Favre on BFM Business

24-02-2023 Finance

Following the 2022 annual results, watch our CEO, Laurent Favre’s talk on BFM Business

See the replay

2022 Annual results

17-02-2023 Finance / Finance

Strong profitable growth, generating free cash flow.
Major acquisitions and strategic investments
towards clean and connected mobility

The Group achieved all financial targets for 2022 and revises its revenue target for 2025 upwards
Strong growth in economic revenue (+18.2% at €9,477 million), of which +9.7% organic, outperforming global automotive production by +2.2 points
Operating margin up significantly by +20.2% at €364 million, equating to 4.3% of published consolidated revenue (5.1% excluding acquisitions of which 5.5% in 2^nd semester), reflecting excellence in industrial performance and a dynamic and agile management of operations
Robust growth in Net result, Group share (+32.6% at €168 million as published), proposed dividend of €0.39 per share, up +39%
Offensive approach to innovation (e.g. launch of OP’nSoft, embedded software solutions) and targeted management of industrial capex (i.e. 4.1% of revenue)
Ramp-up of momentum in order intake in the highly promising hydrogen market, signature of major contracts (Safra, Stellantis, Hyvia, Ford) and future construction of the largest hydrogen vessels factory in Europe
Further year of strong free cash flow generation of €289 million excluding acquisitions (€243 million including acquisitions), well above target
Major acquisitions, diversification and strengthening of the growth and value creation profile with €1.3 billion invested, sustained robust financial structure (leverage ratio of 1.9x EBITDA)
Implementation of the carbon neutrality roadmap, with a 9% decrease in CO₂ emissions (scopes 1 & 2) compared to 2021 and 26% compared to the 2019 baseline for our commitments. CDP Climate A- rating.

« We are satisfied with what we have accomplished in 2022 in an unprecedented economic and geopolitical context. Thanks to Plastic Omnium’s operating and financial profile, we were able to successfully implement our strategic roadmap, make a number of technological shifts and secure strong growth drivers and significant future value creation. The performance and leadership of our traditional activities remain the cornerstone enabling the diversification of Plastic Omnium’s portfolio. Supported by its historical position in exterior automotive parts and fuel systems, the Group now has three new activities (lighting, electrification and hydrogen), enabling it to meet the sector’s challenges, both in individual and heavy mobility. Some of this new expertise has come from the major acquisitions completed by our Group during the year. We have considerable experience in integrating new activities and will invest the necessary efforts to ensure these activities achieve profitability levels in line with those of the Group. Finally, with our new software entity (OP’nSoft) we are well positioned at the center of the challenges facing embedded software. All this would not have been possible without competent and committed teams and I would like to take this opportunity to warmly thank them. »
Laurent Favre, Chief Executive Officer of Compagnie Plastic Omnium SE

Press release

Presentation

Consolidated financial statements 2022

For the webcast replay, click here

2022 Annual results presentation

14-02-2023 Finance

Compagnie Plastic Omnium SE’s 2022 annual results will be presented during a Webcast on Wednesday, February 22, 2023 at 9:00 a.m. (Paris time)

To register to the webcast, please, go to:
https://channel.royalcast.com/landingpage/plastic-omnium-en/20230222_1/

To get access to the teleconference, dial one of the following access numbers:

Language – English:

– France	Tel.: +33 (0)1 70 37 71 66
– United Kingdom	Tel.: +44 (0)33 0551 0200
– United States	Tel.: +1 202 204 1514

Then tell the operator the code: Plastic Omnium

Plastic Omnium sets up a joint venture with Shenergy Group to accelerate hydrogen development in China

11-01-2023 Expertise

On January 11^th, Plastic Omnium and Shenergy Group subsidiary Rein announced the setting up of a 50/50 joint venture based in Shanghai to manufacture and market type III and IV high-pressure hydrogen storage systems for the commercial vehicle market in China. Plastic Omnium and Shenergy Group also signed a memorandum of understanding to extend strategic cooperation around building hydrogen eco-systems and contributing to the roadmap for carbon neutrality in China.

Press release

Plastic Omnium announces the creation of OP’nSoft and takes embedded software & services to a new level

05-01-2023 Innovation

At CES 2023 in Las Vegas, Plastic Omnium has announced the creation of OP’nSoft, a totally new activity 100% dedicated to the development of software for its own products and services. OP’nSoft expects to employ 120 people this year – 250+ by 2025 – to focus on mobility solutions that are more electric, more connected, more autonomous and more shared.

Press release

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