French plastic processing group OPmobility rises on 'solid' H1

Opmobility SE

23/07/2024 08:48

** Shares in Opmobility  OPM.PA  rise over 8.5% after the
French plastic processing group posted "solid" H1 results
    ** H1 operating margin 234 million euros ($254.50
million)came 9% above consensus and sales of 5.41 billion were
1% ahead, J.P.Morgan says
    ** "The first-half results have delivered solid revenue and
earnings growth – despite the worsening macroeconomic outlook
and a few supplier profit warnings"-JPM
    ** The brokerage also points to strong cash generation of
157 million euros 
    ** If gains hold, the stock on track for best day since
March 2022
    ** Among top gainers on France's SBF 120  .SBF120 
    
($1 = 0.9195 euros)

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))