Plastivaloire: annual sales slightly ahead of expectations
November 14, 2023 at 12:12 pm EST
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Plastivaloire Group reports Q4 sales of 191.5 ME, up 3.3% on the same period a year earlier (+4.8% at constant exchange rates).
Sales in the Automotive sector (parts and tooling) rose by +3.1% to 151.7 ME for the quarter. Sales in the Industries sector (parts and tooling) rose by +4.3% to 39.8 ME.
For the full year, sales came to 834.2 ME, up 18.5% on the previous year (+18.2% at constant exchange rates), exceeding the target set last August (between 810 and 830 ME).
The good level of activity, the actions taken to limit the impact of inflation on its costs, and the adjustment of its pricing policy all support the objective of a 2022-2023 EBITDA margin slightly higher in the second half of the year than in the first (7.9% as a reminder)", says Plastivaloire.
The group notes that its annual targets for the next financial year will be specified, as they are each year, when it publishes its 2022-2023 results on December 18, 2023.
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Plastiques du Val-de-Loire specializes in the design, production and marketing of plastic parts, using the injection process, for convenience goods. Net sales break down by market as follows:
- automotive equipment (80.4%): dashboards, light casings, heating and air-conditioning parts, headlights, etc.;
- industries and consumer products (19.6%): primarily electrical equipments, TV and video equipments (fronts and backs of televisions, fronts of decoders, DVD player shells, etc.), telephony (parts for GSM telephones and telegraphic telephones) and household appliances (parts for micro-wave ovens, mixers, irons, etc.).
Net sales break down by family of products between plastic parts (88.6%), molds and tooling (11.4%).
At the end of September 2023, the group had 31 production sites located primarily in France (11), Europe (12) and North America (4%).
Net sales are distributed geographically as follows: France (49.7%), North America (13.6%) and other (36.7%).
PLASTIVALOIRE 
