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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