(AOF) – Plastic Omnium takes the lead in the SBF120 (+5.71% to 19.64 euros) after the publication of its half-year results. If the net income group share is down 4.1% to 100 million euros, the operating margin jumped 16.9% to 210 million euros with economic turnover up 34.7% to 5.81 billion euros and free cash flow up 43.1% to 1,912 million euros. The group confirms all of its annual prospects, thanks to an order book for the half-year “amply greater than one year of turnover”.
“The particularly high level of order intake illustrates the acceleration of Plastic Omnium both in lighting, hydrogen and electrification, as well as in its historical activities”, declared Laurent Favre, Chief Executive Officer of Compagnie Plastic Omnium SE. “These orders are strongly contributing to the geographical diversification of our activities, particularly in the United States,” he adds, judging that this first half “demonstrates the relevance of the Group’s diversification strategy which, by adapting to the challenges of sustainable mobility, is implementing its long-term growth drivers”.
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