Plastic Omnium Q1 Report 2024

• Q1 2024 economic revenue) of €2,867 million, up +1.6% (+3.6% LFL)), outperforming global automotive production) by +4.5 points, in line with Group annual target.
• the United States is the top contributor to Group revenue, confirming a well- balanced geographical footprint. The new module assembly plant in Austin (Texas), will contribute to accelerate OPmobility’s activity growth in North America.
• With its name change to OPmobility, the Group turns a new page in its history and confirms the acceleration of its strategic transformation as a leading player in sustainable and connected mobility.
• Successful completion of a €500 million bond issue due March 2029, extending the average maturity of the Group’s debt. This issue followed S&P Global Ratings assigning the Group a BB+ rating with a stable outlook.

·

The Group confirms its outlook for 2024, with an improvement in all financial aggregates compared to 2023: operating margin, net result Group share, free cash flow, and net debt.

OPmobility changed the name of some of its business groups (formerly divisions):

• Intelligent Exterior Systems is now Exterior (exterior systems activity);
• Clean Energy Systems is now C-Power (energy and emission reduction systems and batteries and electrification systems);
• New Energies is now H2-Power (hydrogen activity);
• Lighting and Modules remain unchanged.