Plastic Omnium : Foundations for recovery now laid, but still underestimated by the market
>Management cautious on the environment but confident on its future - Plastic Omnium yesterday reported H1 2020 results that were broadly in line with expectations and, unsurprisingly, very much impacted by the crisis (sales down -30%, operating margin down 3.9% and cash burn of € 572m). The situation is expected to improve as of H2 (as was already the case in June), as evidenced by the outlook announced (positive operating margin for the year, FCF >€ 250m in H2), in ...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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