Q1 2021 Compagnie Plastic Omnium SE Corporate Sales Call Transcript
Ladies and gentlemen, welcome to the Quarter 1 2021 Plastic Omnium Conference Call. I would like now to hand over to Adeline Mickeler, EVP, Corporate Head, Finance and Member of the Executive Committee. Madam, please go ahead.
Thank you, and good morning to you all. Plastic Omnium delivered in Q1 2021 a solid performance in both fragmented and volatile market. Fragmented, because the automotive production grew 79% in China and decreased 4.0 -- 0.4%, sorry, in the rest of the world. Volatile, because it began to be affected by supply chain disruption, mainly semiconductor issues.
In that environment, our sales were solid with an increase on a like-for-like basis on 4.8%. We delivered an outperformance of 4 points in Europe; 22% in Asia, outside China; and a strong growth in China of 79%. We have growth drivers, especially through our nice positioning on premium brands and an increasing positioning on electric vehicles. This positioning on electric
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