Plastic Omnium : Still an attractive name in a less attractive sector
>Positive surprise from FCF and dividend, reassuring on 2020 outlook - Since Plastic Omnium confirmed all of its targets at its CMD early January, there was little doubt that that it would reach its FY guidance. There was, nevertheless, a positive surprise about FCF (€ 347m vs ~€ 300m) and the dividend (€ 0.74 vs € 0.60) which is intended to reward shareholders following the real estate disposal in 2019. For 2020 and despite low visibility given the current context 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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