Plastic Omnium : Some resilience, before long-awaited recovery?
Like the rest of the industry, Plastic Omnium has not been spared by the decline in vehicle production in 2021 (due to the lack of semiconductors), with a profit warning in September. That said, the 2024 bonds (neutral recommendation) were highly resilient over the year, supported by the company's best-in-class operating (strong positions, attractive product mix) and credit (positive FCF, low leverage) profile. In this report, we look at the Q3 2021 sales results, the promises bu...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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