Plastic Omnium: targets through 2021 & research partnership

(CercleFinance.com) - At its CMD yesterday, Plastic Omnium reviewed its short- and medium-term forecasts.


In spite of what the automotive supplier calls "a complex market environment," Plastic Omnium confirms that in 2018, it aims to increase its "economic sales" by at least 5%, corresponding to pro-forma sales of 8.9 billion euros, with operating profit that is "comparable" to its level of 2017, with net income, group share that is up sharply, following changes in its consolidation scope.

By 2021, the group estimates that capex will be around 6% of its sales, compared with 7% to 8% between 2016 and 2018. Saying that 90% of its order book is sure by 2021, the group aims to outperform the market by an average of 5% by then. In addition, the group's operating profit is expected to see continuous growth, Plastic Omnium adds, which also intends to accelerate its cash generation.

The group has also announced a "technological partnership" with its German counterpart Brose on innovative side-door systems.

"The collaboration, involving engineering and design experts from both companies working in a newly established technical and program office in Nuremberg, Germany, consists in jointly developing a new hybrid door systems to anticipate future needs of our customers," it said.



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