Plastic Omnium’s Automotive division has unveiled full-year revenue up 15.6% to EUR5.6bn (US$6.2bn).
The supplier says the growth is due to the installation of new industrial capacity and with products such as SCR, for reducing diesel vehicle emissions and lighter tailgates.
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Europe grew by 12.4% at constant exchange rates and benefited from 51 new programmes launched in 2015.
Automotive revenue in China reached EUR491m in 2015, or 8% of the Group’s total revenue; business in North America (+1.2% at constant exchange rates in 2015) recorded strong growth in the second half of the year (+9% at constant exchange rates), confirming it as the main growth region for the Group.
The region benefited from two new Volkswagen and General Motors plants coming into operation in the US in the second half of the year.
Three additional plants will be built in Mexico by 2017. Operating income for the Automotive Division amounted to EUR447m in 2015, equal to 9.7% of consolidated revenue, versus EUR364m in 2014 (9% of consolidated revenue).
“The year 2015 was a record year – all of our financial aggregates posted double-digit growth to reach historic highs,” said Plastic Omnium chairman and CEO, Laurent Burelle.
“Revenue, operating margin and net income all nearly doubled in 5 years. The financial position of the Group improved even more.
“This performance is evidence of our ability to seize growth opportunities, while improving the profitability of our operations. The year was also marked by strong commercial activity, as evidenced by the unprecedented number of orders, reinforcing our leading position in our businesses, validating our technologies, and thus giving us a clear view of future growth.
“In addition, the large-scale project of external growth, with the acquisition of Faurecia’s exterior systems business, will broaden Plastic Omnium’s business.”
