PSA has reported that consolidated sales for the first three months of 2004 amounted to €13,762 million, a 0.6% decline from the €13,841 million reported in first-quarter 2003. Excluding the currency effect, sales were up 0.2% for the period.
Go deeper with GlobalData
Automobile Division sales contracted by 1.5% during the quarter to €11,054 million, while worldwide unit sales rose 0.3% to 826,300 vehicles.
In Western Europe, where demand for passenger cars and light commercial vehicles increased by 3.2% in the first quarter, PSA Peugeot Citroën registrations declined by 3.6%, for a market share of 15.3%, compared with 16.4% at March 31, 2003 and 14.9% in second-half 2003. Unit sales (i.e. vehicles invoiced to dealers) were down 7.7%, to 609,000 units, as inventories were drawn down.
Outside Western Europe, first-quarter sales increased by 32.7% to 217,300 units.
In Central and Eastern Europe and Turkey, sales were up 18.2% to 54,300 units.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSales in South America rose by 17.3% to 31,500 units, mainly due to a recovery in Argentina.
The market continued to grow in China, increasing 39% year-on-year, while Group sales totalled 22,900 units. Market share stood at 4% at March 31, 2004, compared with 3.9% in fourth-quarter 2003.
Banque PSA Finance reported revenues of €433 million, versus €431 million in first quarter 2003. Total loans outstanding amounted to €19.9 billion, a 4.9% increase from March 31, 2003. In all, 225,300 new loans were originated in the first quarter, a 2.2% increase over the prior-year period.
Gefco sales rose by 2.3% to €711 million from €695 million at March 31, 2003.
Faurecia reported sales of €2,605 million, versus €2,582 million in first quarter 2003. Excluding the impact of lower prices for the catalysts used in exhaust systems, the currency effect and changes in the scope of consolidation, sales were up 5.3%, reflecting sustained demand for Faurecia’s products, particularly car seats, PSA said.
CONSOLIDATED SALES
(In millions of euros) | March 31, 2004 | March 31, 2003 | % change |
Automobile Division | 11,054 | 11,222 | -1.5% |
Banque PSA Finance | 433 | 431 | +0.5% |
Gefco | 711 | 695 | +2.3% |
Faurecia | 2,605 | 2,582 | +0.9% |
Other businesses | 206 | 218 | -5.5% |
Intra-company sales | (1,247) | (1,307) | |
Total PSA Peugeot Citroën | 13,762 | 13,841 | -0.6% |
WORLDWIDE AUTOMOBILE SALES
(in units) * | March 31, 2004 | March 31, 2003 | % change | |
Western Europe | 609,000 | 660,000 | -7.7% | |
| Peugeot | 317,700 | 355,300 | -10.6% |
| Citroën | 291,300 | 304,700 | -4.4% |
of which France | 182,200 | 204,600 | -11.0% | |
| Peugeot | 98,200 | 111,500 | -11.9 % |
| Citroën | 84,000 | 93,100 | -9.8% |
Rest of World | 217,300 | 163,800 | +32.7% | |
| Peugeot | 154, 300 | 103,900 | +48.5% |
| Citroën | 63,000 | 59,800 | +5.2% |
Total Sales | 826,300 | 823,800 | +0.3% | |
| Peugeot | 472,100 | 459,200 | +2.8% |
| Citroën | 354,200 | 364,600 | -2.8% |
Of which passenger | 722,000 | 727,100 | -0.7% | |
cars | | | | |
| Peugeot | 421,100 | 413,200 | +1.9% |
| Citroën | 300,900 | 313,900 | -4.2% |
Light commercial | 104,300 | 96,600 | +8.0% | |
vehicles | | | | |
| Peugeot | 51,000 | 46,000 | +10.9% |
| Citroën | 53,300 | 50,600 | +5.3% |
* Assembled vehicles, disassembled components and CKD units
