Plastic Omnium obtains regulatory approvals and completes the acquisition of 100% of HBPO.
The full ownership of HBPO enables Plastic Omnium to develop new modules and systems that will benefit from the growing importance of electrification in the automotive sector.
Kathleen WANTZ-O’ROURK, Group Chief Financial and Information Officer
Gabriel BAYA-TUMBA-KAPINGA, Investor Relations & Financial Communication Manager
Jules MARTIN, Financial Communication & Investors Relations
© Photo credit – Le Revenu
Plastic Omnium was awarded a special prize by Le Revenu for its shareholder relations in the CAC Mid 60 index as part of the 2022 Shareholder Relations Awards.
“This award recognizes the work done by our teams to support and inform our shareholders,” said Kathleen WANTZ-O’ROURKE, Group Chief Financial Officer and Chief Information Officer.
On December 8, Kathleen WANTZ-O’ROURKE, participated in a Shareholders’ Meeting organized by Le Revenu at the Cité Mondiale in Bordeaux. She presented the Group’s activities, business lines and prospects, as well as its financial results and shareholder relations strategy to the public who attended this “Rendez-vous du Revenu”.
Plastic Omnium and the CEA (French Alternative Energies and Atomic Energy Commission) have signed a partnership agreement to conduct advanced research together into real-world solutions to make the mobility of tomorrow decarbonized, safer and more connected. The five-year collaboration will reveal its first demonstrators in 2023.
To follow the webcast live, please click on the link below:
https://channel.royalcast.com/landingpage/plastic-omnium-en/20221025_1/
To access the conference call ,only in English, simply dial one of the following access numbers:
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
At the heart of the transformation of the automobile industry towards cleaner, more connected mobility, Plastic Omnium helps automotive manufacturers to develop technologies more environmentally friendly. As a pioneer in hydrogen technology, the Group is designing innovative solutions for zero-emission electric mobility.
« PO is a system supplier for low emission vehicles offering H2 systems & battery power packs »
Read more: Press kit
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Plastic Omnium announces it has completed the acquisition of Varroc’s automotive lighting systems (VLS) business from Varroc Engineering Limited. The €520 million transaction was adjusted downwards by €80 million to reflect weakened market conditions triggered by inflation and supply chain disruptions. VLS will be consolidated into Plastic Omnium’s accounts as of October 7, 2022.
Read the press release Read the press kit
French Prime Minister Elisabeth Borne, during her visit to Plastic Omnium’s α-Alphatech Research and Development Center in Compiègne, announced public funding for the entire French hydrogen industry, including €74 million to develop Plastic Omnium’s hydrogen activities.
Plastic Omnium announces the signing of two major contracts with Stellantis and HYVIA to supply high-pressure hydrogen vessels modules for commercial vehicles.
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.
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.
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.
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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– 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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– 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 |
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