Return to growth in Q1 2020-2021
In € million Unaudited figures 1st quarter
2019-2020
183.9
2020-2021
Change
191.2
+4.0%
Plastivaloire Group returned to growth in the first quarter of 2020-2021 (October to December). Revenue totaled €191.2 million for the period, up 4.0% in purely organic terms compared to the first quarter of 2019-2020, which had not yet been impacted by the health crisis. The Group saw a return to almost normal activity levels in all its production zones.
Europe1 confirmed its good momentum, with revenue up 4.9% to €168.0 million. Business was
Recevez gratuitement touotenll'iynfovrmeartyionslightly impacted by the public health financière de Plastivaloire
sur simple demande à l'caderretsasein European countries, including France. In plapsativratilociurel@aar,ctuhse.frGroup benefited from its positioning on high-potential premium automaker programs
restrictions reintroduced during the quarter in
Euronext Paris
Coamnpdartimitesnt cBapacity to seize opportunities in the NoImnbdreusd'tarciteiosnsd: ivision.
22 125 600
ISIN FR0013252186 - PVL
ReIunterNs PoLrVtPh.PAmerica (United States - Mexico), a
Bloomberg PVL:FP
much improved performance pushed revenue to €23.2 million, just 2.5% shy of the figure recorded in the first quarter of 2019-2020 before
Retchevevezogurratttbuiitrteemaeknttof the health crisis.
ttoutte ll''iinfforrmattiion ffiinanciièrre de Pllasttiivalloiirre surrAsilimlmpilnle daemlml,antdhee Motor Vehicle (parts and tooling) à ll''adadirvreissseieon grew by 2.1% to €156.5 million, pllasttiivalloiirre@acttus..ffrr
accounting for 81.9% of Group revenue, while the
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Industries (parts and tooling) division rebounded by 13.4% and contributed €34.7 million, or 18.1% of quarterly revenue.
Outlook confirmed
The strong business activity recorded in the first quarter has gotten 2020-2021 off to a perfect start, with the positive trend also continuing into the beginning of the second quarter. The basis for comparison will also become very favorable from March.
While remaining vigilant to the prevailing uncertainty about the development of the epidemic and the potential impact of the global electronic components shortage on automobile production rates, the Group is now aiming to report its highest revenue ever in 2020-2021 (more than €728.4 million), with an EBIDTA margin of at least 10%.
Once again, the Group is also aiming for an increase in free cash flow generation, thanks to its earning power and carefully controlled investments.
1 Including the activity in Tunisia.
Plastivaloire Group ranks amongst the very top European manufacturers of complex plastic parts used in retail consumer products. NoUmsbinrregedidn'n'aocvttiaiotninvses:s:olutions, it designs and manufactures these high-tech plastic parts and handles their mass production for the motor vehicle and industries 22 s1e2c5t5o6r6s0.0
IISIIN FR0013252186 -- PVL
Plastivaloire Group has more than 6,000 employees and 32 production sites in France, Germany, the United States, Poland, Spain, Romania, Turkey, Tunisia,
England, Portugal, the Czech Republic, Slovakia and Mexico.
Reutterrs PLVP..PA
BlloNoummbbeerrgrgoPfVsLh::FaFrPes: 22,125,600 - Euronext Paris, Segment B - ISIN: FR0000051377 - PVL - Reuters: PLVP.PA - Bloomberg: PVL.FP
www•ACTUS fr
•
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Plastivaloire - Plastiques du Val de Loire SA published this content on 12 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2021 16:06:06 UTC.