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PVL , GROUPE PLASTIVALOIRE H1 2020-21 revenue up 2 % to € 373 million In € million 2019- 2020- Change Unaudited figures 2020 2021 1st quarter 183.9 191.2 182.7 182.1 366.7 373.3 2nd quarter 1st half + 4.0 % -0.4 % + 1.8 % Plastivaloire Group reported revenue of € 373.3 million for first - half 2020-2021 ( October to March ) , with growth of 1.8 % , therefore achieving the highest half - yearly turnover in its history , despite still being heavily impacted by the current health situation . After a dynamic start to the year , growth was hampered in the second quarter , from March , by the global slowdown in automobile production due to the shortage of semiconductors . This economic downturn affected both Europe ' and North and South America ( United States - Mexico ) and was partially offset by strong momentum in the Industries division . Europe1 continued to deliver a strong performance over the first half of the year as revenue increased 2.6 % to € 330.2 million . Group activity held firm with a good performances recorded across Eastern Europe , in particular , offsetting the impact of the economic downturn . < Revenue came in at € 43.1 million , down 4.0 % , in North and South America , where business was stronger in the Motor Vehicle division , due to seasonal trends in the Industries division . The Motor Vehicle ( parts and tooling ) division posted virtually stable revenue of € 305.3 million , down 0.4 % , representing 81.8 % of Group revenue . The Industries ( parts and tooling ) division confirmed its recovery with growth of 13.3 % and accounted for € 68.0 million , or 18.2 % , of half - yearly revenue . Outlook Growth will accelerate in the second half of the year benefiting from a favorable basis for comparison . As things currently stand , the Group confirms its annual turnover target of more than € 728 million , the highest in its history . However , disruption in automobile production volumes due to the shortage of semi - conductors could , if the situation persists , make it more difficult to achieve this target . The Group is also confident that it will achieve an EBITDA margin of over 10 % and confirms an expected increase in free cash flow . 1 Including the activity in Tunisia . Number of shares : 22,125,600 - Euronext Paris , Segment B - ISIN : FR0000051377 - PVL - Reuters : PLVP.PA - Bloomberg : PVL.FP