(Boursier.com) — Plastivaloire soared 11% to 4.28 euros in the morning in Paris the day after a quarterly publication stronger than expected. The automotive supplier, which is lining up an eighth consecutive session of growth, generated revenues of 185.4 million euros over the last three months of its 2021-2022 financial year, up +29.7% (+27, 3% at constant exchange rate). After being severely disrupted since mid-2021 by ‘Stop & Go’ due to shortages of electronic components, activity is gradually returning to a more normal level as expected.
Management has confirmed that it is aiming for a slightly improved EBITDA margin for the 2021-2022 financial year as a whole compared to that of the 1st half (at 7.1%). Inflation on materials and energy is still weighing on operating profitability and is still only partially mitigated by increases in selling prices, about which negotiations with customers are continuing, the group said.
Despite this better than expected year-end, Portzamparc confirms its ‘hold’ opinion and its target of 4.2 euros.
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