Plastivaloire: targets stable sales in 2025

(CercleFinance.com) - Plastivaloire Group reports sales of 703.
5 ME for FY 23/24, down -7.0% on a like-for-like basis on the previous year.

The Group cites delays in program launches by automakers and lower-than-expected production output in a sluggish economic climate.

EBITDA came to €54.2m (vs. €72.1m a year earlier, recalculated on a restated basis taking into account the perimeter sold in 2024 as discontinued operations for reasons of comparability), with net income from continuing operations of €1.1m (vs. €17.9m a year earlier, restated).

Net income from discontinued operations, including operating losses on this perimeter, came to ME -41.9. Consolidated net income was therefore -43.1 ME, and consolidated net income Group share -44.1 ME.

Free cash flow came to MEF 3.3 (vs. MEF 21.8 in 2022-2023). Free cash flow remained solid at 70.4 ME at September 30, 2024.

In the current market situation, Plastivaloire anticipates 2024-2025 sales of around 700 ME, stable compared with 2023-2024 sales.

All our teams remain fully mobilized to continue adapting the Group to its complex environment and to make our business model more flexible, a guarantee of our future sustainability. The 2024-2025 financial year should thus enable us to consolidate our position with our customers", commented Antoine Doutriaux, Group CEO.


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