Solid business levels in the first quarter of 2021

– Economic revenue* up: 4.8%;
– Outperformance of 4 points in Europe, and 22 points in Asia excluding China; strong growth in China (+79%);
– 2021 guidance confirmed**.

Revenue up 4.8% in the first quarter of 2021

Plastic Omnium generated economic revenue of €2,157 million in the first quarter, up 4.8% at constant exchange rates. Growth was driven by Plastic Omnium Modules, where revenue rose 12.5% at constant exchange rates.
Revenue from joint ventures (mainly businesses related to the production of exterior parts in China (YFPO) and the assembly of modules in South Korea (SHB)) rose 65.4% at constant exchange rates in the first quarter of the year.
Plastic Omnium’s consolidated revenue, excluding joint ventures, amounted to €1,985 million in the first quarter of 2021, up 1.5% at constant exchange rates compared with the first quarter of 2020.

consolidated revenue

* At constant exchange rates. In the first quarter of 2021, currency effects had a €78 million negative impact on economic revenue and a €74 million negative impact on consolidated revenue.
** Based on Plastic Omnium’s assumptions concerning worldwide automotive production in 2021, i.e. 77 million vehicles.

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2021 Q1 confcall presentation

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