Plastivaloire Group reports sales of 231.8 ME for the 2nd quarter, up 29.5% at constant exchange rates on the same period a year earlier.

These sales exceed the Group's expectations, and for the first time pass the symbolic 200 ME mark for a quarter.

Plastivaloire believes it is 'reaping the rewards of the referrals it obtained in previous years on buoyant programs, in an environment that has returned to a more normal level for automotive production, particularly in Europe, after the major upheavals of previous years. '

These data lead the Group to revise upwards its sales target for 2023, to over 780 ME (vs. 730 ME initially).

Lastly, Plastivaloire says it is continuing discussions with its financial partners and majority shareholders with a view to renegotiating existing debt and obtaining a new financing package, targeted at 30 ME, which will provide the Group with new resources to meet its maturities and support its investment needs over the medium term.


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