Plastic Omnium : A significant but unsurprising warning, pending the improvement
>A significant albeit hardly surprising warning - A day after its peers Faurecia and Hella, Plastic Omnium (PO) announced a downward revision of its full-year financial targets on Friday after the market close given the significant deterioration of the production environment (volumes, volatility) and lack of visibility. We are lowering our estimates by 31% for 2021 and by 9% for 2022 (lower comparative base). These downward revisions are all the more significant given...Compagnie Plastic Omnium is a manufacturing and services company which partners with car manufacturers and local communities, through its two core businesses which are Automotive Equipment and Environment. Co.'s activities can be divided into two divisions: the Automotive division and the Environment division. The Automotive division designs, manufactures and sells vehicle body parts (exterior parts and modules) and plastic fuel systems. The Environment division provides products and services for local authorities, including waste pre-collection and management equipment and services, and road and highway signage.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.