Plastic Omnium: FY 2019 earnings down over 50%

(CercleFinance.com) - Plastic Omnium has published 2019 net income, group share that is down 51.
6% at 258 million euros, with operating profit that is down 16.3% at 511 million euros, or 6% of sales, against 8.4% the previous year.

The automotive equipment supplier's sales totaled 8,494 million euros, up 17.2% (+1.4% at constant consolidation scope and exchange rates), including economic sales that are up 11.4% (meaning an outperformance of 6.9 points).

Plastic Omnium offers its shareholders a dividend of 0.74 euros, representing a payout rate of 42%, with the group aiming to outperform global automotive production by five points, in addition to an increase in its operating profit and EBITDA in actual terms.


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