Plastic Omnium: Despite a strong activity and a sustained order book, operational difficulties in the start-up of the new Greer plant (South Carolina) lead the group to review its financial forecasts for 2019

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© news1.news

08/10/2019 | 7:13 p.m.

In addition to this strong activity, Plastic Omnium is facing significant operational difficulties in ramping up its North American plant in Greer, South Carolina. The difficulties encountered are related to the size of the plant, the complexity of the processes and the acceleration of volumes since the summer of 2019.
A detailed action plan, for the period 2019-2020, is set up on the complete industrial device in South Carolina.
The impact of these difficulties led the group to revise its operating margin forecast for 2019, which is now expected to be around 6% of sales.

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The company Compagnie Plastic Omnium SA published this content, the October 08, 2019, and is solely responsible for the information contained therein.
The contents were disseminated by Public unrevised and unrevised, theOctober 08, 2019 17:12:09 UTC.

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Analyst Recommendations for PLASTIC OMNIUM

CA 2019 8449 M
EBIT 2019 564 M
2019 net income 332 million
Debt 2019 792 M
Yield 2019 2.96%
PER 2019 10.2x
PER 2020 9,27x
VE / CA2019 0,50x
VE / CA2020 0,46x
Capitalization 3452 M

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Number of Analysts 8
Course objective Medium

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Deviation / Objective High 27.0%
Difference / Medium Objective 10.3%
Deviation / Bottom Objective -6.86%