Plastic Omnium: confirms all targets

(CercleFinance.com) - The group has announced a 34.
5% increase in sales to E2,822m in Q1 2023 (+17.5% LFL), driven by both the Industries and Modules businesses.

Consolidated revenues, excluding joint ventures, reached E2,564m, up +35.6% (+18.0% LFL) compared to Q1 2022.

The group recorded historical order intake in North America - around E10bn for thermal, electric and hydrogen vehicles. Plastic Omnium Modules will open a new US plant producing front end and cockpit modules for electric vehicles.

For 2023, it targets strong economic growth and outperformance of global automotive production, an operating profit of over E400m, up more than 10% compared to 2022, with free cash flow above E260m, with strong investments in growth drivers.


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