Plastic Omnium : Not as solid as expected
>Minor outperformance in Q3, no upward revision to the guidance - PO posted consolidated Q3 sales of € 1,920m (-8.1% reported), slightly missing expectations (€ 1,957m). This reflected an organic decline of 4.9% (-3.1% including JVs), which is in the end broadly in line with global automotive production levels which contracted by 4.3%. This is a sharp decrease in production but nowhere near as steep as PO had feared (-15% in H2), which had raised hopes that management...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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