Plastic Omnium is confirming EUR8bn (US$9.4bn) revenue for this year at its Investor Day at the Σ-Sigmatech global R&D centre for exterior components and modules in Lyon.
The figure has been reached despite adverse currency effects and is up from EUR6.9bn last year.
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The Group’s profitability will improve and will well exceed the 9% proforma operating margin of 2016, while net profit-Group share will be up strongly.
“Plastic Omnium will continue to outperform worldwide automotive production by an average of five points per year over the 2017-2021 period, bringing economic revenue to EUR10bn in 2021,” said a statement from the supplier.
“Already ranked number one worldwide in each of its businesses, Plastic Omnium aims to strengthen its leadership positions, with market share of 19% expected in bumpers in 2021, versus 16% in 2017 and 25% in fuel systems, compared to 22% in 2017.
“Plastic Omnium will also benefit from the development of its portfolio of products, with market shares of 45% expected in thermoplastic tailgates in 2021, versus 40% in 2017 and 26% in SCR systems for the depollution of diesel vehicles, compared to 17 % in 2017.”
Plastic Omnium plans to invest EUR2.5bn during the 2017-2021 period.
