Plastivaloire Group reports sales of 231.8 ME for the 2nd quarter, up 29.5% at constant exchange rates on the same period a year earlier.
These sales exceed the Group's expectations, and for the first time pass the symbolic 200 ME mark for a quarter.
Plastivaloire believes it is 'reaping the rewards of the referrals it obtained in previous years on buoyant programs, in an environment that has returned to a more normal level for automotive production, particularly in Europe, after the major upheavals of previous years. '
These data lead the Group to revise upwards its sales target for 2023, to over 780 ME (vs. 730 ME initially).
Lastly, Plastivaloire says it is continuing discussions with its financial partners and majority shareholders with a view to renegotiating existing debt and obtaining a new financing package, targeted at 30 ME, which will provide the Group with new resources to meet its maturities and support its investment needs over the medium term.
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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%).