Mexican Media Brands
Plastic Omnium’s Revenue, Profits Soar
Plastic Omnium SA reports its 2017 revenue rose 15% to €8 billion ($10 billion), and net profit surged 36% to €425 million ($531 million).
#economics
Share
Plastic Omnium SA reports its 2017 revenue rose 15% to €8 billion ($10 billion), and net profit surged 36% to €425 million ($531 million).
The company says it automotive unit, which supplies vehicle interiors and exterior components, saw revenue climb 11% to €7.7 billion ($9.6 billion). By market, last year’s growth advanced 19% in Europe, 13% in North America and 14% in Asia.
Plastic Omnium predicts global vehicle production will increase 2% this year. The company confirms its guidance in December that its automotive business will outperform the market by five percentage points over the coming four years, pushing revenue to €10 billion by 2021.
RELATED CONTENT
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
