Plastic Omnium (FR:OPM) has released an update.
Plastic Omnium has reported a strong first half of 2024, with a notable 3.5% organic revenue growth and a 12% increase in operating margin, driven by robust performance in the United States and growth in hydrogen and lighting sectors. Net income remained stable at €100 million, while free cash flow rose to €157 million, contributing to a reduction in net debt. The company is on track to meet its 2024 financial goals, buoyed by strategic initiatives and committed to achieving carbon neutrality in its operations by 2025.
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