FRANCE: PSA confident it can hit financial target early
PSA Peugeot Citroen’s financial chief is confident the French carmaker can reach its recovery goal early as its shares returned to the benchmark CAC-40 index after a two and a half year absence.
PSA Peugeot Citroen’s financial chief is confident the French carmaker can reach its recovery goal early as its shares returned to the benchmark CAC-40 index after a two and a half year absence.
Jean-Baptiste de Chatillon said Peugeot would chase down its 2% operating margin objective “as soon as possible” as a weaker euro and cheaper raw materials constitute “a more favourable alignment of the planets” than when Peugeot set a target last year to restore a 2% margin by 2018.
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