Plastic Omnium : Recommendation maintained after the publication of H1 results
Following the publication of Plastic Omnium’s H1 2020 results, we have updated in this report, the company’s credit metrics at 30 June 2020 and their prospects for 2020/2021, in light of the Covid-19 crisis and the group's action plan. - >H1 2020 was hit by Covid-19 but in line with expectations with comfortable liquidity situation. - H1 2020 sales were down 30.3% like for like (including -56.4% in Q2) for an operating loss of € 116m. FCF was, unsurprisingly, deeply ne...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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