(AOF) – The Plastivaloire Group announces a turnover of 191.5 million euros in the 4th quarter (from July to September 2023), up 3.3% (+4.8% at constant exchange rate) . The automotive supplier underlines that this “solid” performance “constitutes a new activity record for a 4th quarter” and allows the group to cross the milestone of 800 million euros over 12 months for the first time. Annual turnover stood at 834.2 million euros, up 18.5% over the year (+18.2% at constant exchange rate).
This level is higher than the target set last August of revenues of between 810 and 830 million euros.
In an “uncertain” economic situation, the group announces that it will aim “as a priority to continue the recovery of its margin indicators”.
These results “confirm” the objective of a 2022-2023 EBITDA margin slightly higher in the second half than that of the first half. It stood at 7.9%.
The annual objectives for the next financial year will be specified as every year when the 2022-2023 results are published on December 18, 2023.
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Rail investment plan
The French railway industry is in second place in Europe and third place worldwide. This industry displays a trade surplus, which generates more than 100,000 jobs in France. The announcement of the future plan for French rail transport provides in particular for the regeneration and modernization of the network, the average age of which is 30 years in our territory. This age is much higher than that of countries like Germany (17 years) and Switzerland (15 years). An annual investment increasing from 2.8 billion euros to nearly 4 billion euros should make it possible to maintain the entire network in good condition.