Plastic Omnium : Q1 print in line and FY outlook confirmation both likely to reassure
>Q1 2022 revenue in line and FY outlook confirmed - Plastic Omnium this morning released Q1 2022 revenue at € 1,891m, down 5% on a reported basis and 7% organically, right in line with consensus expectations (€ 1,892m). The organic performance was thus lower with Light Vehicle Production down (-4% over the quarter) as the supplier unsurprisingly suffered from a negative geographical mix (Europe) but did show some outperformance in most key regions separately excluding...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.
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