Plastic Omnium has posted half year automotive economic revenue up 8.7% to EUR2.99bn (US$3.3bn) out of a total business figure of EUR3.2bn.
“Over the first half of 2016, our growth, which hit 11% at constant exchange rates, accelerated and we have once again converted this growth into a more solid increase of our profitability,” said Plastic Omnium chairman and CEO, Laurent Burelle.
Go deeper with GlobalData
“This operational excellence, combined with a policy of sustained investment to globalise our industrial footprint and design innovative products, enables us to continue to win market share and make our development sustainable over the long term. This strategy is backed by an optimised financial structure.
“Supported by these fundamentals, we are confidently looking forward to the integration of Faurecia’s Exterior Systems business on 29 July, which will take us to pro forma revenue of around EUR7.5bn for 2016, broaden our industrial presence in Germany, Spain, Slovakia, Belgium, the US and South America and underpin the diversity of our customer portfolio.
“This size significantly increases our capabilities for innovation and growth. It will allow us to offer manufacturers new solutions to respond to the technological transformations of the automotive sector.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
