Solid 2018 results – Profitable growth and significant free cash flow confirmed for 2019

“In 2018, Plastic Omnium went ahead with two major strategic moves, with the disposal of its Environment Business and the takeover of HBPO, the world leader for front-end modules. Now a pure automotive player, the Group is strengthening its leading positions to contribute to the technological transformations toward clean, connected and autonomous cars.
Our results, once again solid in 2018 despite the first drop in world automotive production since 2009, are giving us the key means we need to be successful with this strategy. Having already taken measures to face a complex market environment, we are confident in our capacity to make further progress in 2019.”

Laurent Burelle, Chairman and Chief Executive Officer of Compagnie Plastic Omnium

Solid performance
– Economic revenue: €8,244 million +7.6%
– Consolidated revenue: €7,245 million +12.6%
– Operating margin: €610 million, comparable to 2017 under IFRS 5
– Net profit, Group share: €533 million +25.4%

Generation of significant free cash flow strengthening the financial structure
– Free cash flow: €218 million after €562 million of investment (7.8% of revenue)
– Net debt: €698 million, representing 32% of equity and 0.8x EBITDA

A Group looking confidently to the future
– Proposed dividend: €0.74 +10%
– 2019 financial outlook: outperformance of worldwide automotive production by 5 points, growth in value of the operating margin, and generation of free cash flow of at least €200 million

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2018 annual results presentation2018 annual results report

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