Plastic Omnium : Robust print with significant beat on FCF, outlook in line
>EBIT slightly ahead, FCF well above, 2023 outlook vague as always but in line - Plastic Omnium 2022 earnings published this morning were slightly ahead expectations at both revenue and EBIT levels (2-3% beat) but were significantly better at the FCF level (>50% beat), although in line with what we saw at peers recently (like Faurecia two days ago). Outlook cautious and unfortunately vague at this stage but nonetheless robust and broadly in line with expectations with...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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