Plastic Omnium : H1 2022: King of Cash
>A large beat which backs POM’s best-in-class status - Overall, a tough H1 was largely expected for OE suppliers, as consensus was suggesting, but Plastic Omnium managed to largely beat expectations thanks to very strict management, notably on the EBIT and FCF sides where the performances look impressive to us. We see this as encouraging ahead of the momentum improvement we expect in H2 with higher LVP (~+10% sequentially) and further price tailwinds following discuss...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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