Plastic Omnium: FY earnings up 25%

(CercleFinance.com) - Plastic Omnium has reported FY 2018 net income group share that is up 25.
4% at 533.3 million euros, with operating profit of 610.1 million euros, against 614.7 million euros in 2017 (2017 IFRS 5 data).

Economic sales came in at 8,243.9 million euros, up 7.6%. Global automotive production fell by 1% compared with economic sales in the rest of its sector that are up 2.4%, meaning an outperformance of 3.4 points.

The group has proposed a dividend of 0.74 euro per share, up 10%, and expects to outperform the global automotive production market by five points in 2019, along with an increase in its operating margin in terms of value, and finally free cash flow generation of at least 200 million euros.



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