Turnover: 9.477 billion EUR (2022)

Country: France

Plastic Omnium is an automotive supplier. The Group is present in 25 countries, particularly China, with 150 plants and 37,000 employees. It invests in fuel cells and hydrogen-powered engines.

The company entered the automotive lighting market with the acquisition of Varroc Lighting System.

The new Light division generates sales of €1 billion, with 11 plants and 7,000 employees.

News

Plastic Omnium benefits from U.S. green plan 07/09/2023

  • Plastic Omnium to build and open a new hydrogen tank plant in Michigan by the end of 2026
  • This plant will be the "largest hydrogen storage plant in the United States"
  • Annual production capacity: 100,000 high-pressure hydrogen tanks
  • Total investment in the plant: $170 million
  • The Biden administration has allocated over eight billion dollars to develop green hydrogen infrastructure
  • Plastic Omnium's goal: three billion euros in sales of hydrogen storage systems and fuel cells by 2030
  • Total Group sales in 2022: 9.5 billion euros
  • 99% of tanks to be used in commercial vehicles
  • New plant in Compiègne to come on stream in early 2025, with full production capacity of 80,000 tanks a year
  • New plant in Shanghai, in partnership with China's Shenergy, to come on stream in 2026.

Plastic Omnium to build a hydrogen tank gigafactory in the United States 28/08/2023

  • Investment by Plastic Omnium to build a hydrogen tank factory in the USA: 157 million euros
  • Order received from a major American automaker: 2.4 billion euros
  • Annual production capacity: 100,000 hydrogen tanks
  • Creation of 175 jobs
  • Commissioning scheduled for late 2026
  • The company's hydrogen order book is set to double to nearly 8 billion euros within the next year

Plastic Omnium opens a new plant in the United States 07/05/2023

  • Plastic Omnium sales in 2022: 9.47 billion euros (up 18.2% year-on-year)
  • Historic order intake in North America in 2023: approx. 10 billion euros
  • New plant in the United States in the second half of 2023 (exact amount and location not specified)
  • Plant under construction in Compiègne to produce 80,000 hydrogen tanks by 2025
  • Expected sales for hydrogen-related activities: 300 million euros within two years and over 3 billion euros in 2030
  • Joint venture with Chinese group Shenergy to create a mega-plant in Shanghai to produce high-pressure hydrogen tanks from 2026.

Equipment manufacturer Plastic Omnium fully committed to diversifying its activities 06/03/2023

  • In 2022: acquisition of the Indian group Varroc's automotive lighting division (for €600 million) and of Germany's AMLS
  • acceleration in on-board batteries and power electronics, thanks to the acquisition of Actia Power (for €52.5 million)
  • partnership with Alstom to develop hydrogen-powered trains
  • opening of Europe's largest fuel cell plant in Dettingen (Germany)
  • In the hydrogen field, commercial agreements with several automakers, including Stellantis, Hyvia (a joint venture between Renault and Plug Power) and Ford
  • and the construction of a plant in Compiègne (Oise) to produce 80,000 high-pressure hydrogen tanks by 2025,
  • The Group forecasts sales of €300 million for its hydrogen-related activities, which are expected to exceed €3 billion by 2030.

Plastic Omnium to create a hydrogen tank factory in Compiègne 19/12/2022

  • Plastic Omnium develops the hydrogen industry
  • Investment of €160 million and production of 80,000 tanks per year, 200 jobs planned
  • Europe's largest hydrogen tank factory
  • Tanks from future site to equip Safra buses and Hopium luxury cars
  • Plastic Omnium plans to invest €100 million a year in the hydrogen sector

Plastic Omnium in pole position in hydrogen mobility 16/11/2022

  • 300 million euros invested since 2015 in hydrogen diversification
  • The manufacturer of fuel tanks and bumpers plans to spend a further 100 million a year in this area
  • Plastic Omnium aims to achieve sales of 300 million euros by 2025, and 3 billion by 2030
  • To develop its own fuel cell with Germany's ElringKlinger, whose EKPO plant is the largest in Europe

Plastic Omnium relies on hydrogen to grow 05/10/2022

  • Plastic Omnium targets €3 billion in hydrogen sales by 2030
  • Several contracts with Stellantis and Hyvia (a Renault and Plug Power joint venture) for commercial vehicles, with French start-up Hopium, bus manufacturer Safra, Hyundai, Ford, Alstom for trains
  • Market expected to reach 2 million new hydrogen-powered vehicles by 2030
  • Hydrogen fuel cells can replace batteries in electric cars
  • Production capacity of 10,000 fuel cells per year, European leader

Plastic Omnium has decided to buy Varroc's lighting business 02/05/2022

  • Plastic Omnium to spend 600 million euros to acquire lighting specialist Varroc Lighting Systems.
  • Division entirely dedicated to lighting.
  • sales of 1 billion euros by 2022 in the lightning business

Financial Data

DUNS: 306348632

Legal Name: PLASTIC OMNIUM COMPOSITES

Address: 19 BD JULES CARTERET , 69007 LYON 7EME

Number of employees: Between 250 and 499 employees (2020)

Capital: 6 001 100 EUR


Financial Data:

Year 2021 2020 2019 2018 2017 2016 2015
Turnover 45 472 859 52 202 307 75 645 300 78 061 496 91 534 289 165 735 814 171 227 818
Gross margin (€) 26 165 827 28 573 152 39 960 475 38 738 240 48 389 711 - -
EBITDA (€) -2 605 721 -3 639 780 4 775 928 -2 466 194 -10 446 094 - -
Operating profit (€) -3 512 002 -6 427 640 1 621 770 -3 617 967 -12 080 481 - -
Net profit (€) -4 548 608 -18 259 468 2 051 459 -3 442 524 -6 669 579 -16 265 207 -22 959 868
Turnover growth rate (%) -12,9 -31 -3,1 -14,7 -44,8 -3,2 -
Ebitda margin rate (%) -5,7 -7 6,3 -3,2 -11,4 - -
Operating margin rate (%) -7,7 -12,3 2,1 -4,6 -13,2 - -
Working Capital (turnover days) -105,1 -107 -34,6 -32,9 213,1 - -
Working Capital requirements (turnover days) -18,1 -23,1 -21,1 -36,3 -61,9 - -
Net margin (%) -10 -35 2,7 -4,4 -7,3 - -
Added value / Turnover (%) 23,2 19,2 28,3 18,9 9,2 - -
Wages and social charges (€) 12 949 953 13 247 215 14 990 130 15 518 071 16 377 267 - -
Salaries / Turnover (%) 28,5 25,4 19,8 19,9 17,9 - -

Company Managers:

Position First Name Last Name Age Linkedin
Director CHRISTOPHE, CHARLES, JULES BERNARD 48
Director OLIVIER, HENRI DABI 52
Director MARIE-ISABELLE FONDEVILLE 53
Chairman of the Board of Directors CHRISTOPHE, CHARLES, JULES BERNARD 48
Managing Director CHRISTOPHE, CHARLES, JULES BERNARD 48

Studies mentioning this company

Contact: investor.relations@plasticomnium.com