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Compagnie Plastic Omnium SE

Earnings Release Apr 21, 2011

1603_iss_2011-04-21_c371e4b3-01d5-4a61-8a16-ac4f84b1bf69.pdf

Earnings Release

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Paris – 21 April 2011

FIRST-QUARTER 2011 REVENUE

Compagnie Plastic Omnium's consolidated revenue rose by 36.1% to €977.8 million in the three months that ended March 31, 2011. Based on pro forma first-quarter 2010 figures, with Inergy Automotive Systems fully integrated as from 1 January 2010, the increase was 14.5%.

In € millions, by business 03/31/2010 03/31/2011 Change
Plastic Omnium Automotive 614.5 864.2 +40.6%
Plastic Omnium Environment 104.2 113.6 +9.0%
Consolidated revenue 718.7 977.8 +36.1%
In € millions and as a % of revenue,
by region
03/31/2010 03/31/2011 Change
France 165.4 195.5 +18.2%
23% 20%
Europe (excluding France) 283.3 377.3 +33.2%
40% 38%
North America 152.9 215.1 +40.7%
21% 22%
South America 30.1 47.1 +56.5%
4% 5%
Asia 87.0 142.8 +64.1%
12% 15%
Consolidated revenue 718.7 977.8 +36.1%
100% 100%

For the period, Plastic Omnium Automotive revenue rose by 40.6% (15.2% on a pro forma basis). Benefiting from sustained automobile production worldwide, the Group continued to deploy its targeted strategy of strengthening the manufacturing base in fast-growing regions. Revenue from Asia and South America was up by 67% and now accounts for 22% of the Automotive Division total. The Company also reaped the benefits of its successful initiatives to make vehicles lighter with the production start-up of the first two hybrid tailgates (thermoplastic and composite) for PSA Peugeot-Citroën and Land Rover.

Business at Plastic Omnium Environment continued to trend upwards, with revenue rising by 9%. The Division is in the process of acquiring a company that manufactures underground containers, which will strengthen its product lineup in this rapidly expanding market segment.

The outlook for second-quarter 2011 is good. Although it has little exposure in Japan, Compagnie Plastic Omnium nonetheless is diligently monitoring the possible impact of the catastrophic events in the country on worldwide automobile production. Given the current economic environment, the Company's first-half financial results, to be released on 21 July 2011, will continue to show high margins.

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