Report
Joan Sehim

Plastic Omnium : Une certaine résilience, avant le redressement tant attendu ?

Comme le reste de l’industrie, Plastic Omnium n’a pas été épargné par la baisse de la production de véhicules en 2021 (induite par le manque de semiconducteurs), avec un profit warning en septembre notamment. Cela dit, l’obligation 2024 (recommandation neutre) a été très résiliente au fil de l’année, soutenue par le profil opérationnel (positions fortes, mix produit attractif) et crédit (FCF positif, levier faible) best-in-class du groupe. Dans cette étude, nous revenons sur les ...
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
Joan Sehim

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