Laurent Favre Chief Executive Officer of Compagnie Plastic Omnium SE highlighted “a market context disturbed by the rise in inflation and the shutdowns of production chains linked to the persistence of the shortage of semiconductors, the war in Ukraine and the health situation in China”.
Order intake over the period was driven by the electrification and hydrogen sectors. The company thus made an investment of 20 million euros in the French company Verkor with the aim of expanding into battery packs.
The order book in the field of hydrogen has doubled over the past six months, with order intake in Europe and America confirming the group’s ambitions of 300 million euros in sales by 2025 and 3 billion euros in 2030.
The group has confirmed all of its forecasts for the year 2022, i.e. an outperformance compared to global automotive production, an operating margin of between 5% and 6% of sales and free cash flow in excess of 260 million. euros.
On July 1, the Group created a Lighting division combining the activities of AMLS and Varroc Lighting Systems, once the acquisition is finalized (fourth quarter of 2022). The objective of this future activity – Plastic Omnium Lighting – is to reach 1.5 billion euros in economic revenue by 2027 (compared to 1 billion euros in 2021). It will have 11 factories around the world and will employ 7,000 people.