Groupe PSA posts strong Q3 revenues

Worldwide
Published:  27 October, 2017

The French automotive group reported strong growth in the third quarter of 2017, with revenues increasing 31.4% to €15 billion.

Groupe PSA’s revenue for the third quarter 2017 totalled €14.98 billion, compared with €11.40 billion in the same quarter of 2016. In the first nine months of the year, revenue is reported to have reached €44.15 million, compared with €39.18 million in 2016 (+12.7%).

The Peugeot Citroen DS (PCD) Automotive division revenue amounted to €8,418 million in the quarter (+11.6%), attributed to the product mix (+5.4%) and volume and country mix (+5.7%) improvement linked to the worldwide success of the Group’s new models (Peugeot 3008, 5008, Expert and Traveller, Citroën C3, C3 Aircross, C5 Aircross, Jumpy and SpaceTourer), as well as sales to partners (+2.7%), that are said to have more than compensated the negative impact of exchange rates (-2.3%). Also for the first time, the Group has reported the consolidation of Opel Vauxhall (OV) Automotive division whose revenue amounted to €2.8 billion.

In the third quarter, consolidated worldwide sales as well as market share were up in all regions (Europe, Middle East Africa, Latin America, Eurasia and India Pacific) except in China. Including volumes of Opel Vauxhall, sales were up by 23.8% in the period, year-on-year.

The Group expects the automotive market in 2017 to grow by approximatively 3% in Europe, 5% in China, 7% in Latin America and 8% in Russia.

Citroen Cactus concept car
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