Plastic Omnium : A tough Q3 but full confirmation of the 2021 targets
>Slight miss on Q3 sales on lower LVP but outlook fully confirmed - PO this morning released Q3 2021 revenues which were down 16% organically at € 1,609m, i.e. 5% below the consensus expectations at € 1,703m but broadly in line with our more cautious estimates (€ 1,631m). As we’ve seen at Faurecia yesterday, we believe the miss is mostly due to lower LVP assumptions for Q3 (-19.5% vs around -17%e at the time of consensus collection). More importantly, recently revised...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.
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