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Plastic Omnium Achieves Revenue Growth Amid Market Decline

Story Highlights
  • Plastic Omnium’s revenue grew by 2.8% in 2024, driven by geographical diversification.
  • The company improved its operating margin and aims to surpass 2024 figures in 2025.
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Plastic Omnium Achieves Revenue Growth Amid Market Decline

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The latest announcement is out from Plastic Omnium ( (FR:OPM) ).

Plastic Omnium reported a revenue increase of 2.8% in 2024, despite a declining market, driven by its strong geographical diversification, particularly in the United States. The company saw improvements in operating margin, net results, and free cash flow, and aims to surpass these figures in 2025 while continuing to reduce net debt.

More about Plastic Omnium

Plastic Omnium operates in the automotive industry, focusing on manufacturing modules and exterior systems, with a strategic emphasis on technological, geographical, and customer diversification. The company is committed to achieving carbon neutrality on scopes 1 and 2 by 2025 and has earned an ‘A’ rating from CDP Climate.

YTD Price Performance: 4.88%

Average Trading Volume: 4,941

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.58B

Learn more about OPM stock on TipRanks’ Stock Analysis page.

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