Plastic Omnium receives a PACEPilot Award for its 4D radar

23-09-2022 Innovation

Plastic Omnium wins a PACEPilot Award for its 4D imaging radar. The PACEPilot Award recognizes pre-commercial or post-pilot innovations in the field of future mobility. It acknowledges products, processes, software or IT systems that have the potential to revolutionize an automaker’s business.

This new 4D imaging radar improves driving safety, allowing the driver to anticipate better. This is a breakthrough innovation for exterior body parts. Plastic Omnium has developed this new 4D imaging radar in collaboration with the French start-up Greenerwave. Designed with deep technology, also known as “deep tech”, it is a scalable, multi-mode radar.

This innovation prefigures the safer and more connected car of the future. Indeed, vehicles have gone from being mere means of transportation to becoming real data centers. This evolution requires increased detection tools.This complex outdoor system aims to offers unrivalled imaging performance over large fields of view.

Plastic Omnium to supply its full line-up of hydrogen products to Safra, France’s leading manufacturer of hydrogen-powered buses

21-09-2022 1 min Expertise

As of 2023, Plastic Omnium will collaborate with Safra to support the development of its Hycity range of hydrogen-powered buses and retrofit service converting diesel coaches to hydrogen.

Plastic Omnium will supply Safra with type IV high-pressure hydrogen vessels for its new fleet of Hycity hydrogen buses destined for urban public transportation. The buses will feature the latest hydrogen technologies and will be fitted with six vessels to provide a minimum range of 350 kilometers.

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Plastic Omnium builds U.S. hydrogen capacity to supply Ford Trucks with high pressure hydrogen vessels

13-09-2022 1 min Expertise

Ford and Plastic Omnium are collaborating to deliver hydrogen vessels to support U.S. Department of Energy’s SuperTruck 3 program.

Plastic Omnium will develop and provide Ford with 700-bar type-IV Hydrogen High Pressure Vessels to equip its demonstrator fleet and generate real-life data for zero-emission trucks in the medium-duty sector by the end of 2023.

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Plastic Omnium finalizes the acquisition of the ACTIA Power division of ACTIA Group

01-08-2022 1 min Finance

An important step in Plastic Omnium’s growth strategy in electrification.

Plastic Omnium announces the closing of the acquisition of 100% of ACTIA Power, a division of the ACTIA Group, for an enterprise value of €52.5 million. The transaction is entirely self-financed. ACTIA Power will be consolidated in Plastic Omnium’s accounts as of 1st August 2022.

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Plastic Omnium takes full ownership of HBPO

28-07-2022 1 min Finance

– Acquisition of the remaining 33.33% of HBPO shares from Hella
– HBPO, world leader in automotive front-end modules, with strong growth potential driven by the electrification of automotive markets and an innate ability to innovate
– Full ownership to accelerate HBPO’s growth and exploit full synergy potential with Group’s portfolio

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2022 Half-year Results – Significant increase in revenue and strong free cash-flow generation. Acceleration of growth strategy through major acquisitions.

25-07-2022 1 min Finance

– H1 2022 economic revenue growth of 4.3% compared to H1 2021, despite a market down -1.2%
– H1 2022 operating margin up significantly compared to H2 2021 despite rising inflation
– Free cash-flow1 of €134 million, equal to 3.4% of revenue, in line with the Group’s objectives
– Strong order book growth, especially in hydrogen
– Major acquisitions for sustainable growth

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2022 Half-year Results Presentation

2022 Interim Financial Report

For the webcast replay, click here

Half-year Results Presentation on July 25, 2022, 09:00 am CET

22-07-2022 1 min Finance

Half-year Results Presentation on July 25, 09:00-10:30 am CET (Paris time).

Please register now to:
https://channel.royalcast.com/landingpage/plastic-omnium-en/20220725_1/

Conf call number:
Paris: +33 (0)1 70 37 71 66
UK-Wide: +44 (0) 33 0551 0200
US: +1 212 999 6659

Code to provide: Plastic Omnium

Plastic Omnium finalizes acquisition of AMLS and creates its new lighting division

01-07-2022 1 min Finance

Plastic Omnium has now completed its acquisition, announced on March 25th, of 100% of AMLS (Automotive Lighting Systems) business of ams OSRAM specializing in automotive lighting. Following the €65m self-financed takeover, AMLS will be consolidated in Plastic Omnium accounts as of July 1, 2022.

AMLS generated €148m revenue in 2021 and has 770 employees, including 120 at five dedicated R&D facilities in Europe, the USA and China. AMLS offers a portfolio of high-tech products covering key growth areas such as front-end lighting systems, interior lighting, projection and bodyshell lighting that meet the latest market trends in style, safety and electrification.

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Plastic Omnium to acquire ACTIA Power business from ACTIA Group

27-06-2022 1 min Expertise

An important milestone in Plastic Omnium’s growth strategy in the fast-growing field of electrification.

Plastic Omnium has agreed with ACTIA Group to acquire 100% of ACTIA Power Division for an enterprise value of €52.5m, with a closing scheduled in the third quarter 2022. The agreement follows Plastic Omnium’s announcement on March 29th that it had entered into exclusive negotiations with ACTIA. The acquisition of ACTIA Power will be fully self-financed.

Through the acquisition of ACTIA Power, Plastic Omnium will benefit from a new technological platform and cutting-edge R&D capabilities in electronic component design, electric power storage and management systems, as well as access to a strong customer portfolio in heavy mobility.

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Human Resources and Sustainability functions to be merged

14-06-2022 1 min Group

New department to be headed by David Meneses, currently Executive Vice-President Sustainability.

“Societal and environmental matters are very important for our teams, and the way we address them is essential for attracting new talents. The merger of Sustainability and Human Resources functions shows how important it is for Plastic Omnium to be even more people-centric. In a mobility industry that is undergoing profound change, we are convinced that engaging and motivating our talented people will be crucial to achieve our ambitious growth strategy,” said Laurent Favre, Chief Executive Officer of Plastic Omnium.

David Meneses has been appointed as Executive Vice-President People & Sustainability and a member of the Executive Committee. Reporting to Laurent Favre, his mission will be to pool the employee engagement stakes shared by the two functions while pursuing their respective strategic roadmaps, in support of Plastic Omnium’s transformation.

From 14 June 2022, David Meneses will take over the Human Resources role previously held by Jana Kley, who is leaving the Group.

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Plastic Omnium successfully completes a new private placement Schuldschein for €400 million

24-05-2022 1 min Finance

Plastic Omnium finalized today a private placement governed by German law called Schuldschein for a total amount of 400 million euros.

In particular, the proceeds of this issue will help to anticipate the €300 million refinancing of the Schuldschein due in June 2023.

This private placement, without covenant, of maturities 3, 5 and 7 years, offers an average financing rate of 1.58%. It was arranged by BNP Paribas and Bayern LB.

The amount of the transaction has been increased to 400 million euros against 300 million euros initially planned and demonstrates the interest and confidence of investors in the strategy and strength of Plastic Omnium.

Plastic Omnium signs a partnership with Hyliko to equip its hydrogen trucks for the decarbonization of heavy mobility

17-05-2022 1 min Finance

Plastic Omnium announces the signature of a partnership with Hyliko, the mobility specialist that decarbonizes heavy-vehicle fleets by integrating hydrogen storage systems. The first phase of the partnership covers an order of a total of 315 high-pressure hydrogen vessels to equip 45 trucks by the end of 2024.

The partners also plan to work together to develop new hydrogen storage systems that will increase truck ranges to over 750 kilometers, an uplift of almost 60%.

CAPITAL MARKETS DAY 2022 “DRIVING A NEW GENERATION OF MOBILITY”

12-05-2022 1 min Finance

Plastic Omnium presents its long-term strategy for growth and transformation

A strategic plan to fully capitalize on the opportunities of a mobility market experiencing far-reaching change, built on two pillars:
– reinforcing its leadership position
– targeted diversification, aligning with key changes in the market, into business areas that have strong potential synergies with its existing activities

A strategy expressed and embodied by the Group’s new purpose “Driving a new generation of mobility.”

Press release

Presentation

To view the replay of the Webcast, click here

May 12th – Capital Markets Day: Plastic Omnium unveils its long-term growth strategy and transformation plan

10-05-2022 1 min Finance

From 2:30 p.m., Plastic Omnium will unveil on the occasion of the Capital Markets Day its long-term growth strategy and transformation plan.

The live webcast conference will be available on:
https://channel.royalcast.com/landingpage/plastic-omnium-en/20220512_1/

If you wish to access the conference call, simply dial one of the following numbers:
– France: +33 (0) 1 7037 7166
– UK: +44 (0) 33 0551 0200
– USA: +1 212 999 6659

Then provide the operator with the code: Plastic Omnium

Plastic Omnium acquires Varroc’s Automotive Lighting Systems business and creates an integrated lighting player enabling differentiating solutions for exterior systems

29-04-2022 1 min Finance

– Plastic Omnium’s strategic roadmap execution gathers pace with new lighting activity

– Plastic Omnium to offer differentiating exterior systems for OEMs through the creation of a comprehensive end-to-end lighting value chain

– Plastic Omnium has identified clear levers to unlock VLS’ full potential and return to a profitability level in line with Group standards, with significant long-term value creation for stakeholders