View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 29, 2015

FRANCE: PSA back in the black

PSA Peugeot Citroen revenue rose 6.9% to EUR28,904m in the first half of 2015 with automotive division revenue up 4.3% to EUR19,409m.

PSA Peugeot Citroen revenue rose 6.9% to EUR28,904m in the first half of 2015 with automotive division revenue up 4.3% to EUR19,409m.

PSA said good prices, a “positive product mix” and favourable currency rates helped.

Operating income was EUR1,424m compared with EUR387m in H1 2014. Most growth was courtesy the automotive division with a EUR968m improvement.

Expenses of EUR342m in the first half of the year were due mainly to automotive division restructuring.

Net income was EUR720m, returning PSA to the black by EUR762m.

In 2015 the group expects automotive demand to expand by 6% in Europe and approximately 3% in China but to contract by around 15% in Latin America and 35% in Russia.

“Our first half results are very positive but we need to review them on a full-year basis,” said PSA chairman Carlos Tavares. “In this unstable international environment, the company and its staff – whom I thank wholeheartedly – must all be focused on the full execution of the ‘Back in the Race’ plan in order to secure the group’s recovery.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto