OPmobility

OPM

Equity

ISIN FR0000124570 / Valor 508106

Euronext - Euronext Paris (2024-09-17)

EUR 8.31+2.72%

OPmobility
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About company

Plastic Omnium is a company focused on innovating for sustainable mobility, with a particular emphasis on zero-emission hydrogen mobility. The company has invested significantly in this area since 2015, with the goal of achieving substantial sales by 2030. In addition to its efforts in hydrogen mobility, Plastic Omnium is involved in various other aspects of the automotive industry, providing a range of products and services to meet the evolving needs of the market.

Summarized from source with an LLMView SourceSector: Consumer Cyclicals

Revenue Growth

OPmobility reported economic revenue of €5,939 million for H1 2024, up +2.1% and +3.5% like-for-like, confirming the Group’s strong commercial momentum mainly driven by the Exterior and Modules business groups. This growth significantly outpaced the global automotive production, which remained stable.

Operating Margin

In H1 2024, OPmobility achieved an operating margin of €234 million, up significantly by +12% compared to H1 2023. This improvement was driven by robust activity and controlled cost management across the Group’s business segments, including Exterior, Modules, and C-Power.

Net Result

OPmobility's net result, Group share, remained stable at €100 million in H1 2024 compared to H1 2023. This stability was achieved despite an increase in financial expenses due to higher interest rates, excluding the impact of real estate disposals in H1 2023.

Free Cash Flow

The Group generated strong free cash flow of €157 million in H1 2024. Adjusted for the impact of real estate disposals in H1 2023, free cash flow generation increased by +€20 million year-on-year, reflecting improved operational efficiency and cash management.

Geographical Performance

In North America, OPmobility's economic revenue totaled €1,769 million, representing a significant increase of +10.8% year-on-year. This region contributed 30% of the Group’s total revenue in H1 2024, driven by the Modules business group and the ramp-up of Cadillac Lyriq production in the United States.

Summarized from source with an LLMView Source

Key figures

-49.3%1Y

-62.7%3Y

-68.6%5Y

Performance

42.7%1Y

39.7%3Y

41.3%5Y

Volatility