Plastivaloire rises as Q3 sales return to growth

Plastiques du Val de Loire SA

26/08/2022 09:01

** Shares in Plastiques du Val-de-Loire (Plastivaloire)
 PLVP.PA  jump 4.9% after the French plastics injection company
reports a rise in Q3 revenue, sees H2 profit margin slightly
above H1  urn:newsml:reuters.com:*:nFWN3011PO
    ** Plastivaloire posts an 11.6% YoY revenue rise to 179.6
million euros ($178.8 million) in Q3, and confirms annual
revenue target of around 680 million
    ** Portzamparc says the company is back on track for growth
with Q3 results slightly above the broker's expectations, after
reporting a 9.1% YoY fall in H1 revenues
    ** The company sees a "slightly improved" EBITDA margin in
H2 compared to the first six months of its fiscal year
    ** Midcap Partners says Plastivaloire's activity rebounds as
expected despite difficult market conditions
    ** Including Friday's rise, the stock is down around 33% YTD

($1 = 1.0044 euros)

 (Reporting by Elena Vardon)
 ((elena.vardon@tr.com))