AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Compagnie Plastic Omnium SE

Earnings Release Apr 22, 2010

1603_iss_2010-04-22_da06fb4f-2a76-4fba-872b-bb685548901b.pdf

Earnings Release

Open in Viewer

Opens in native device viewer

Paris – 22 April 2010

First-Quarter 2010 Revenue

Consolidated revenue amounted to €709.8 million for the first three months of 2010, an increase of 43.4% as reported and of 44.3% at comparable scope of consolidation and exchange rates.

Of the total, 77% was generated outside France, of which 11% in Asia.

In € millions, by business 03/31/2009 03/31/2010 Change
Plastic Omnium Automotive 394.9 605.6 +53.4%
Plastic Omnium Environment 100.1 104.2 +4.1%
Consolidated revenue 495.0 709.8 +43.4%
In € millions and as a % of revenue 03/31/2009 03/31/2010 Change
France 145.4 165.4 +13.8%
29% 23%
Europe (excluding France) 199.3 283.3 +42.1%
40% 40%
North America 91.7 152.9 +66.7%
19% 22%
South America 18.4 30.1 +63.6%
4% 4%
Asia 40.2 78.1 +94.3%
8% 11%
Consolidated revenue 495.0 709.8 +43.4%
100% 100%

Automotive revenue, which was impacted in early 2009 by the drop in worldwide automobile production and manufacturer inventory drawdowns, rose by 53.4% compared with first-quarter 2009 to €605.6 million, on a par with fourth-quarter 2009 (€594 million). This sharp increase was led by the rebound in production in North America and Europe, continued strong growth in Asia (especially in China, where revenue was up 152% for the period) and the launch of the BMW X1 in Germany, the restyled X5 in the United States, the Citroën C3 and DS3 in France, and the Opel Astra in Germany.

Second-quarter 2010 revenue is expected to be roughly comparable.

In the first quarter, the Environment Division returned to growth, which is expected to accelerate over the full year.

Investor Relations

Tel: +33 (0)1 40 87 64 49 / Fax: +33 (0)1 40 87 96 62 / Email: [email protected]

Plastic Omnium is a world leader in automotive components and modules, and a major European player in products and services for local communities. Plastic Omnium is listed on the Euronext Paris stock market, Compartment B, and is included in the SBF 250 and CAC Mid 100 indexes (ISIN code: FR0000124570).

Talk to a Data Expert

Have a question? We'll get back to you promptly.