Plastic Omnium has posted first quarter automotive revenue of EUR1.86bn (US$2.3bn) up 3.1% at constant perimeter and exchange rates.

Business in Europe, which represents 55% of total automotive revenue, increased by 3.3% at constant perimeter and exchange rates, compared to automotive production down 0.1%.

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This outperformance of 3.4 points is the result of strong business in France, says the supplier. Business in North America was stable in the first quarter of the year, with automotive production down 2.7 points.

Business in Asia, including China, increased by 5.8%, at constant scope and exchange rates. In China, which contributes revenue of EUR176m or 9% of total revenue, business increased by 11.5% in the first quarter of 2018 at constant perimeter and exchange rates, compared to a 1.9% decline in automotive production.

This outperformance of 13.4 points is the result of market share gains in the two businesses, and investment made in recent years to develop the industrial footprint.

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