Following the 2022 annual results, watch our CEO, Laurent Favre’s talk on BFM Business
2022 annual results, Laurent Favre on BFM Business
Author: admin
2022 Annual results
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 2nd 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
2022 Annual results presentation
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:
Then tell the operator the code: Plastic Omnium |
Plastic Omnium sets up a joint venture with Shenergy Group to accelerate hydrogen development in China
On January 11th, 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.
Plastic Omnium announces the creation of OP’nSoft and takes embedded software & services to a new level
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.
Plastic Omnium, at the forefront of transformations in mobility at CES Vegas 2023
Plastic Omnium is proud to live up to its purpose, “Driving a new generation of mobility”, at CES Las Vegas 2023, cementing its place at the forefront of new solutions for a more sustainable, more connected and safer mobility.
Plastic Omnium wins two Innovation Awards at CES 2023
Plastic Omnium wins two CES 2023 Innovation Awards for its Dynamic Welcome Light Projection and its Intelligent Off-Road Mobility Lighting System, in the “Vehicle Tech & Advanced Mobility” category. These two awards represent the international recognition of the innovative strength that drives Plastic Omnium.
Plastic Omnium awards prizes for its innovation challenge 2022
As a leader in sustainable and connected mobility, Plastic Omnium organized the Innovation Challenge “ The Future of Eco-designed Vehicles ”, in partnership with SoScience.
The goal? To accelerate innovation by drawing on collective intelligence in an Open Innovation approach, bringing together start-ups, manufacturers, academics and, of course, Plastic Omnium teams to imagine disruptive solutions for “The Future of Eco-Designed Vehicles.
85 applicants, 16 collaborative projects, 8 finalists. The 3 winners are :
– Grand Prix for Innovation: SMART POLYMER BUMPERS, with smart materials enabling extended vehicle lifetime
– Jury Special Award: KIWEE, the alternative mobility service for suburban transportation
– Audience Award, chosen by the participants: EP TENDER, making long range electric vehicles more accessible
Laurent Favre, CEO of Plastic Omnium and the winners of the Audience Award
Félicie Burelle, Managing Director, with the winners of the Jury Special Award
Alexandre Corjon, EVP for Innovation with the winners of the Grand Prix for Innovation Award
These 3 teams will be financed for 6 months and will benefit from Plastic Omnium’s support to develop their project.
This open innovation approach nurtured passionate exchanges and amazing collaborations: a great way to meet the challenges of a more sustainable mobility.
Plastic Omnium to showcase its latest innovations at CES 2023 in Las Vegas
For its first participation at CES 2023 in Las Vegas, Plastic Omnium will be showcasing a series of innovations in response to today and tomorrow’s mobility challenges, which require sustainable, safe and connected solutions, thus positioning itself at the forefront of the mobility revolution.
Plastic Omnium finalizes acquisition of 100% of HBPO
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.
Plastic Omnium awarded for its shareholder relations
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 sign a research partnership to develop the technologies of tomorrow’s mobility
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.
Third quarter 2022 revenue – Strong revenue growth of 32.6%
- Economic revenue of €2,377 million in the 3rd quarter of 2022, up by +32.6% (+22.4% lfl)
- Outperformance over the first 9 months of 2022 in Europe, America and Asia excluding China
- Realization of the Group’s external growth strategy – completion of three acquisitions in the last three months
- Significant order intake in hydrogen, reinforcing the Group’s objectives
- Confirmation of the 2022 financial outlook on a like-for-like basis
Follow our 3rd quarter 2022 results on October 25 at 8:00 a.m. CET (Paris time)
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
Discover our hydrogen solutions, a comprehensive, industrialized and competitive portfolio
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
Join us for 2 rendez-vous:
- October 17, 17:55-18:20 – Interview with Laurent Favre for Mobility TV
- October 18, 1pm-2pm – Interview of Laurent Favre – Europe 1 – La France Bouge