is no longer news that the PSA Group has spent a few years very hard, in terms of their economic situation is concerned. The arrival of Carlos Tavares, and the Plan Push to Pass have led to a revitalization of the group, and the markings are very striking. Thanks to both of you has been able to produce the acquisition of Opel (and Vauxhall) and the numbers just announced that the French consortium.
The year 2017 has already consumed its first six months and as to the brands they like to feed your ego, you are limiting the drought briefing summer with the release of their economic performance. The Renault-Nissan Alliance or the Volkswagen Group have already done so and as is logical, the second european manufacturer can’t stay prayed.
According to the accounts presented by the PSA Group, during the first six months of the year 2017 has invoiced a total of 26.165 million euros. This figure represents an increase of 5 percent compared with the same period of the fiscal year past (2016). Within this data, there is that highlight 19.887 million euros that has been checked in the division dedicated to the automobile; that is to say, a 3.6 percent more than last year.
According to the maximums responsible for the PSA Group, these data have been made possible thanks to the fulfillment of two basic pillars. On one side there is the commercial success they are reaping the new releases of the brands Peugeot, Citroën and DS. On the other hand, there is the new pricing policy that have been established for each brand and region in which they are present.
own Carlos Tavares, CEO of the PSA Group, has stated that
“the record results have been obtained thanks to our customers, which have become a great success of our latest releases, and the collaborators of the group, focused on achieving the objectives of the plan Push to Pass”.
To terminate, since the PSA Group expect to close the year 2017 with a growth of 3 percent in Europe and 5 percent in Latin America, Russia and China. In addition, they expect their turnover to grow by up to 15 per cent when we reach the year 2021. These goals are very ambitious, but from the French consortium, have the good performance of the main markets where they are present, and the integration of Opel (Vauxhall) in their business activities.
Source – PSA Group (Peugeot, Citroën and DS)
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