Plastic Omnium: Q3 economic sales down 3.1%
(CercleFinance.com) - Plastic Omnium has reported Q3 2020 economic sales that are down 3.
1% to 2,097 million euros, outperforming a global automobile production decline of 4.3% by 1.2 point.
9m 2020 economic sales reached 5,330 million euros, down 22.2% (-20.9% at constant exchange rates), outperforming global automobile production by three points, led by Plastic Omnium Modules.
For the second half of the year Plastic Omnium has confirmed an operating margin of at least 4%, EBITDA of at least 10%, free cash flow of at least 250 million euros, with an EBITDA of more than 8% of consolidated revenue and a positive operating margin for FY 2020.
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