Plastic Omnium (FR:OPM) has released an update.
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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.
For further insights into FR:OPM stock, check out TipRanks’ Stock Analysis page.
