Plastivaloire - PVL - Operating profitability recovers slightly, but cash flow is still weak
First-half results recover thanks to the return of volumes and a more stable environmentReturn to growth, however, weighs heavily on cash, forcing the Group to restructure its debt, the cost of which is set to almost doubleAs part of this focus on debt reduction, dividend payments have been suspended for the next 4-5 years.Even if the automotive market picks up a little, PVL is walking a tightrope, while other players with healthier balance sheets should benefit more from this rebound.Plastiques du Val de Loire SA is a France-based company that specializes in the manufacture of complex plastic parts. Using the injection process the Company processes thermoplastic petroleum granules into parts for use in such sectors as television and audio, automobile, telecommunications, electrical, construction and gardening. The Company's portfolio of products includes vehicle interiors, front-end modules, under-bonnet parts, lighting and signaling, ovens, remote controls, household electrical switchers, among others. Plastiques du Val de Loire SA is operational through several subsidiaries, including Creutzwald Injection SAS, Cardonaplast, Tunisie Plastiques Systemes, Elbromplast, Karl Hess, Duna Injection Real Estate, Automotive Plastics Rochefort, as well as Banque Populaire du Val de France, among others.
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