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
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.
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.
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.
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 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%.
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.”
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’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
Press release:
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– Resilience of economic sales which amount to € 2,098 million, -2.7% vs. Q1 2021 in a highly disrupted environment – Outperformance in Europe, the Americas and Asia excluding China – Expansion into Lighting with the planned acquisition of AMLS, thus securing innovative technologies – Extension of portfolio in electric mobility: * Exclusive negotiations for the acquisition of Actia Power, a provider of solutions primarily for heavy electric mobility, * Industrial partnership with Verkor, a French manufacturer of low-carbon battery cells, – 2022 financial outlook confirmed |
Q1 2022 revenue will be released on April 27 at 7:00 am (CET) and will be followed by a conference call at 8:00 am (CET) during which Kathleen WANTZ-O’ROURKE, Group Chief Financial and Information Systems Officer, will comment the main developments of the 1st quarter of the year.
The live webcast conference will be available on:
https://channel.royalcast.com/landingpage/plastic-omnium-en/20220427_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
Message from Chairman of the Board
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How to attend and vote at the General Meeting?
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To register to the Webcast, please, go to:
https://channel.royalcast.com/plastic-omnium-fr/#!/plastic-omnium-fr/20220421_1