Plastic Omnium: unveils targets through to 2030
(CercleFinance.com) - Plastic Omnium has set itself a revenue target of over 15 billion by 2030, of which 40% will come from new businesses, as well as net zero for scopes 1 and 2 by 2025 - and for scope 3 by 2050.
In line with its transformation strategy presented at its CMD, the automotive supplier states that it is aiming for economic revenues of around 11 billion euros in 2025, after nine billion euros in 2022 (pro-forma 2021).
At the same time, it is aiming for an average annual cash generation target of 3% to 4% of economic sales over 2022-30, as well as annual CAPEX of 5% of economic sales and an average net debt to EBITDA leverage ratio that is limited to two.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
In line with its transformation strategy presented at its CMD, the automotive supplier states that it is aiming for economic revenues of around 11 billion euros in 2025, after nine billion euros in 2022 (pro-forma 2021).
At the same time, it is aiming for an average annual cash generation target of 3% to 4% of economic sales over 2022-30, as well as annual CAPEX of 5% of economic sales and an average net debt to EBITDA leverage ratio that is limited to two.
Copyright (c) 2022 CercleFinance.com. All rights reserved.