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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Plastiques du Val-de-Loire    PVL   FR0013252186

PLASTIQUES DU VAL-DE-LOIRE

(PVL)
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Plastiques du Val de Loire : 3rd quarter revenue

09/11/2020 | 12:05pm EST

Significant impact of the Covid-19 health crisis on the third quarter Gradual improvement in activity from mid-May

In € million

2018-2019

2019-2020

Change

Unaudited figures

3rd quarter

186.3

93.9

-49.6%

9 months

546.8

460.6

-15.8%

After a solid first half in a difficult climate for the automobile segment, the third quarter (April to June) was severely impacted by the Covid-19 health crisis. Almost all production sites in Europe and America were idled between April and mid-May, with the Group gradually resuming operations as and when local restrictions were lifted and in line with production restarts at customer plants.

The Group reported revenue of €93.9 million for third- quarter 2019-2020, down €92.4 million but slightly ahead of initial forecasts in June (revenue decrease in the region of €100 million) due to a stronger end-of-quarter performance, with utilization back to approximately 80% of normal rates. More than half of the quarterly decline was recorded in April alone.

Revenue for the nine months to end-June 2020 totaled €460.6 million, with the decline contained at 15.8% (or 17.1% on an organic basis). The Motor Vehicle division

(parts and tooling) accounted for €378.6 million (down 14.0%) of revenue, and the Industries division (parts and tooling) €82.0 million (down 21.1%).

Outlook

Due to the improvement in utilization rates which continued into July, the business impact of the health and economic crisis is expected to be less severe in the fourth quarter than in the third. As it is traditionally the quietest time of the year, August is not very representative.

However, given the uncertainty over both how the pandemic will evolve and the strength of the recovery in September, the Group has decided to suspend its full-year targets.

If you would like to receive free financial information about Plastivaloire Group by e-mail, go to: www.actusnews.com

About Plastivaloire Group:

Plastivaloire Group ranks amongst the very top European manufacturers of complex plastic parts used in retail consumer products. It designs and manufactures these plastic parts and handles their mass production. Present within the multimedia, motor vehicle and electric and electrical appliance sectors, the Group has 32 production sites in France, Germany, Poland, Spain, Romania, Turkey, Tunisia, England, Portugal, Slovakia and Mexico.

Number of shares: 22,125,600 - Euronext Paris, Segment B - ISIN: FR0013252186 - PVL - Reuters: PLVP.PA - Bloomberg: PVL.FP

wwwACTUSfr

Disclaimer

Plastivaloire - Plastiques du Val de Loire SA published this content on 31 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 16:04:01 UTC


© Publicnow 2020
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Financials
Sales 2020 592 M 704 M 704 M
Net income 2020 -0,90 M -1,07 M -1,07 M
Net Debt 2020 248 M 295 M 295 M
P/E ratio 2020 159x
Yield 2020 0,09%
Capitalization 121 M 143 M 143 M
EV / Sales 2020 0,62x
EV / Sales 2021 0,55x
Nbr of Employees 6 116
Free-Float 38,5%
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Mean consensus HOLD
Number of Analysts 2
Average target price 4,05 €
Last Close Price 5,47 €
Spread / Highest target -19,6%
Spread / Average Target -26,0%
Spread / Lowest Target -32,4%
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NameTitle
Patrick Jean-Louis Findeling Chairman & Chief Executive Officer
Gilbert Bruneau Finance Director
Robert Rouault Technology Director
Alain Audiger Information Director
Vanessa Findeling Deputy Chief Executive Officer & Director
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