Print Edition - 2017-04-27  |  Money Digest

Peugeot sees growth of 4.9pc


Apr 27, 2017-

French auto giant PSA Peugeot Citroen said on Wednesday that its car parts division Faurecia was the main engine of growth in sales in the first quarter. PSA said in a statement that overall group sales advanced by 4.9 percent to 13.6 billion euros ($14.9 billion) in the period from January to March. The automobile division—which comprises the Peugeot, Citroen and DS brands—lifted sales by 2.5 percent to 9.0 billion euros. The car parts division, Faurecia, saw its sales increase by 9.3 percent to 5.1 billion euros. Growth was “mainly driven by the product mix improvement ... (which) more than compensated the negative impact of exchange rates,” the statement said. In terms of unit sales, PSA sold just under 700,000 vehicles worldwide. “Despite an ever volatile and uncertain economic environment, our agility is more than ever an advantage for achieving our growth and profitability objectives,” said chief financial officer, Jean-Baptiste. 

Published: 27-04-2017 10:24

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