PSA Peugeot-Citroen operating income inched up 1.8% to EUR1,157m in the first half of 2011 from EUR1,137m a year ago. If the EUR147m impact of the 11 March Japan earthquake/tsunami is stripped out, the profit would have been up 14.7% to EUR1,304m, the automaker said.

Group sales rose 9.7% to EUR31.1bn due to new model launches, such as Peugeot’s 508 and Citroen’s DS3 and 4, and by market share gains outside Europe.

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Automotive operating income was EUR405m after the impact of the Japanese ‘quake. Dicvision revenue rose 6.7% to EUR22.6bn. Vehicle sales in China grew by 10.2% to 194,600 units.

Group net income rose 18.5% to EUR806m, including a EUR109m saving in finance costs following early repayment of the French government loan.

Chairman Philippe Varin said: “In an unfavourable environment shaped by contracting European markets, higher raw materials costs and supplying disruptions following events in Japan, the group delivered a robust performance. This context reinforces all the more our strategy of upscaling the Peugeot and Citroën brands, expanding our globalisation and improving our operational performance.”

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PSA said European markets would remain “stable” in 2011 while growth rates are expected to reach around 7% in China, 6% in Latin America and 30% in Russia.

Group operating income was expected to be up versus the 2010 result.

At the automotive division, however, the second half operating profit is expected to be EUR300m lower, compared with previous estimates, due to the Japan disaster impact and raw materials cost increases.