Plastic Omnium has returned to profit
Posted by adminThe automotive supplier Plastic Omnium published on Thursday its results for the year 2009. Its sales, down 8.8%, reaching 2.459 billion euros. Its operating margin was 102.1 million euros (+44.4%) or 4.2% of turnover, against 2.6% a year earlier. The company has managed to make a profit of 31 million euros against a loss of 63.2 million in 2008. The Board of Directors will propose a dividend of 0.70 ? per share.
The group said that 2009 was a year of very mixed in terms of activity, particularly in the automobile.The decrease in turnover of 8.8% in 2009 masks a decline in activity earlier this year (-19% in the first half of 2009) and a recovery later this year.
In 2010, further development in emerging countries
This year, Plastic Omnium will continue its expansion in China with two new plants, and India with the entry into production of a third plant in partnership with Suzuki-Maruti Payday Loan for Bad Credit !!!?? ?!!!???!!!.
Regarding activity in early 2010, it is comparable to the end of 2009 with production volumes supported by various bonuses bet breaks up in Europe and growth in emerging countries.
The group hopes to achieve in the first half 2010 operating margin similar to that of the second half of 2009.For the full year, it expects a slight growth in turnover.
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