Plastic Omnium : Below on EBIT, in line on FCF and 2022 outlook (unsurprisingly) cautious
>H2 21 earnings to disappoint at the EBIT level but FCF in line - Plastic Omnium this morning released FY 2021 earnings which came slightly below expectations at the operating level and in line on the cash side. FY sales were up 3.3% org. at € 7.2bn (in line with the consensus and ODDO BHF) while the operating margin reached € 303m, below expectations at € 339m and suggesting an operating margin at 4.2% vs the consensus at 4.7% (ODDO BHF € 313m, 4.3%e). These result...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.