In Q3 2020:
– Revenue: €2,097 million (down 3.1%*)
– Faster-than-expected recovery in worldwide automotive production, which was down 4.3% (versus a decline of 33% in the first half-year), magnifying the positive effects of the cost-saving and cash generation plans
– Confirmation of operational improvement at the Greer plant in line with targets
For the first nine months of 2020: More ambitious goals: ”Plastic Omnium’s team have accomplished outstanding work to enhance the flexibility of our industrial facilities and adapt our operations to volatile automotive production, which will slowly recover over the years to come. The program to cut costs and increase cash generation is starting to produce results. Together with its Omega transformation plan to improve operational efficiency, the Group can plan on rapidly returning to its profitability benchmarks. *Like-for-like change in economic revenue |