Earnings Release • Jul 24, 2014
Earnings Release
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Paris, July 24, 2014
The new IFRS 10/11/12 standards, effective from January 1, 2014, require jointly controlled entities to be reported using the equity method.
Applying these standards, the Group's principal financial aggregates were as follows at June 30, 2014:
| In € millions - IFRS | First-Half | First-Half | Change |
|---|---|---|---|
| 2013 | 2014 | in % | |
| Revenue | 2,176.5 | 2,246.3 | +3.2% |
| of which Automotive | 1,964.3 | 2,048.6 | +4.3% |
| of which Environment | 212.2 | 197.7 | -6.8% |
| Operating margin | 160.1 | 192.3 | +20.1% |
| As a % of revenue | 7.4% | 8.6% | |
| of which Automotive | 153.2 | 179.8 | +17.4% |
| As a % of revenue | 7.8% | 8.8% | |
| of which Environment | 6.9 | 12.5 | +81.2% |
| As a % of revenue | 3.2% | 6.3% | |
| EBITDA | 253.9 | 284.6 | +12.1% |
| As a % of revenue | 11.7% | 12.7% | |
| Net Profit | 98.2 | 112.2 | +14.3% |
| As a % of revenue | 4.5% | 5.0% | |
| Net Profit, Group share | 96.4 | 108.4 | +12.4% |
| As a % of revenue | 4.4% | 4.8% | |
| 30 June 2013 | 30 June 2014 | ||
| Net debt at period-end | 420 | 423 | |
| Gearing | 51% | 44% |
Investor Relations Tel.: +33 (0)1 40 87 64 49 Fax: +33 (0)1 40 87 96 62 [email protected]
Plastic Omnium is the world leader in automotive components and body modules, automotive fuel systems, and waste container solutions for local authorities and companies. The Group has 22,000 employees across 110 plants, 22 R&D centers and 30 countries worldwide. Plastic Omnium is listed on Euronext Paris, compartment A. It is eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570).
The Group's operational methods are unchanged from those used to prepare the 2013 audited consolidated financial statements and the Group therefore consolidated the following companies, based on the influence it exercises over them: BPO, HBPO, YFPO and Signal AG.
The impact of consolidating these companies in the Group's management results is as follows:
| First-Half | |||
|---|---|---|---|
| In € millions | 2013 | 2014 | |
| Revenue | 391.4 | 419.3 | |
| of which Automotive | 375.0 | 401.0 | |
| of which Environment | 16.4 | 18.3 | |
| Operating margin | 30.0 | 26.4 | |
| of which Automotive | 30.5 | 26.4 | |
| of which Environment | -0.5 | 0.0 | |
| EBITDA | 39.1 | 35.8 | |
| Net Profit | 6.1 | 4.8 | |
| Net Profit, Group share | 0.0 | 0.0 | |
| 30 June | |||
| 2013 | 2014 | ||
| Net debt | -45 | -53 | |
| Gearing | -8% | -7% |
Investor Relations Tel.: +33 (0)1 40 87 64 49 Fax: +33 (0)1 40 87 96 62 [email protected]
Plastic Omnium is the world leader in automotive components and body modules, automotive fuel systems, and waste container solutions for local authorities and companies. The Group has 22,000 employees across 110 plants, 22 R&D centers and 30 countries worldwide. Plastic Omnium is listed on Euronext Paris, compartment A. It is eligible for the Deferred Settlement Service (SRD) and is part of the SBF 120 and CAC Mid 60 indices (ISIN code: FR0000124570).
The first-half 2014 results (1) are as follows:
| In € millions | First-Half | First-Half | Change |
|---|---|---|---|
| 2013 | 2014 | in % | |
| Revenue | 2,567.9 | 2,665.5 | +3.8% |
| of which Automotive | 2,339.3 | 2,449.6 | |
| of which Environment | 228.6 | 216.0 | |
| Operating margin | 190.1 | 218.7 | +15.0% |
| As a % of revenue | 7.4% | 8.2% | |
| of which Automotive | 183.7 | 206.2 | |
| as % of revenue | 7.9% | 8.4% | |
| of which Environment | 6.4 | 12.5 | |
| As a % of revenue | 2.8% | 5.8% | |
| EBITDA | 293.0 | 320.4 | +9.4% |
| As a % of revenue | 11.4% | 12.0% | |
| Net Profit | 104.3 | 117.0 | +12.2% |
| As a % of revenue | 4.1% | 4.4% | |
| Net Profit, Group share | 96.4 | 108.4 | +12.4% |
| As a % of revenue | 3.8% | 4.1% | |
| 30 June 2013 | 30 June 2014 | ||
| Net debt at period-end | 375 | 370 | |
| Gearing | 43% | 37% |
In accordance with IFRS 8, this operational financial information is used for the Group's external financial reporting.
Investor Relations Tel.: +33 (0)1 40 87 64 49 Fax: +33 (0)1 40 87 96 62 [email protected]
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