Earnings Release • Oct 21, 2008
Earnings Release
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Paris – October 21, 2008
For the nine months that ended September 30, 2008, Compagnie Plastic Omnium's consolidated revenue totaled €2,083.1 million, up 10.2% from the prior-year period.
At constant scope of consolidation and exchange rates, the increase was 5.9%.
| In € millions, by business | Sept 30, 2007 | Sept 30, 2008 | Change | |
|---|---|---|---|---|
| At actu al ex change rate | At constant exchange rates and scop e of co nso lidatio n |
|||
| Plastic Omnium Automotive | 1,641.1 | 1,691.6 | +3.1% | +6.9% |
| Plastic Omnium Environment | 248.5 | 391.5 | +57.5% | +2.2% |
| Consolidated revenue | 1,889.6 | 2,083.1 | +10.2% | +5.9% |
| In € millions and as a % of revenue, | Sept 30, 2007 | Sept 30, 2008 | Variation | |
| by region | At actu al ex change rate | At constant exchange rates and scop e of co nso lidatio n |
||
| France | 563.2 | 551.5 | -2.1% | +4.3% |
| 30% | 26% | |||
| Europe (excluding France) | 760.6 | 940.2 | +23.6% | +1.8% |
| 40% | 45% | |||
| North America | 404.9 | 399.0 | -1.5% | +10.7% |
| 21% | 19% | |||
| Asia, South America | 160.9 | 192.4 | +19.6% | +22.7% |
| 9% | 9% | |||
| Consolidated revenue | 1,889.6 | 2,083.1 | +10.2% | +5.9% |
| 100% | 100% |
Thanks to 2007 acquisitions in the area of products and services for local communities, Plastic Omnium Environment revenue rose very sharply and, as forecast, accounted for 20% of the consolidated total.
Over the first nine months of the year, the Automotive business held up well in the face of the ongoing decline in production volumes, which are expected to continue their strong downward trend in the fourth quarter.
Launched in early April 2008, the PO 2009 plan to reduce overheads and capital expenditure had achieved its objectives as of September 30, 2008.
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, Compartiment B, and is included in the SBF 250 and CAC Mid 100 indexes (ISIN code: FR0000124570).
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