The
French automaker PSA, maker of Peugeot and Citroen vehicles, boosted net profits
in 2000 by 80 percent to 1.3 billion euros ($US1.19 billion), meeting a consensus
of analysts’ expectations announced earlier this week.

Operating profits also exceeded the analysts’ predictions, rising 26.7 percent
to 2.12 billion euros ($US1.95 billion).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Analysts had predicted an 82 percent increase in net profit along with a 25
percent rise in operating profit.

At a press conference, PSA said it plans to increase the 2001 operating profit
to 2.6 billion euros ($US2.3 million) and boost the operating margin of its
car division to 4.8 percent (2000: 4.2 percent; 1999: 3.5 percent).

PSA also announced a six-for-one stock split.

The company’s shares finished 0.04 percent up at 278.1 euros on Tuesday.

PSA said it would introduce 25 new car models during 2001 to 2004, compared
with the nine launched from 1997 to 2000.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact