Report
Anthony Dick ...
  • Michael Foundoukidis

Plastic Omnium : Sharp acceleration expected as of Q2

>Less favourable Q1 vs peers, as expected - Plastic Omnium yesterday reported Q1 2021 sales of €1,985m, representing slight organic growth of 2.2% and in line with expectations (consensus € 1,999m, ODDO BHF € 1,962m). Unsurprisingly, and especially in the face of stronger-than-expected automotive production (+13.6%), particularly in China (+79%), the group underperformed significantly at the start of the year, which was unfavourable in terms of its geographic mix (jus...
Underlying
Plastic Omnium SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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