- 2016 Group cumulated revenue up 1.3% at
€39.2 billion1 at constant exchange rate
- Continued improvement of pricing power
in Europe
- Start of the product offensive: launch
of Peugeot Expert and Citroën Jumpy in June, Peugeot 3008 in
October and Citroën C3 in November
- Faster international expansion:
partnerships signed in Iran with Iran Khodro for Peugeot and Saipa
for Citroën
- Enlarge customer base: online
multi-brand used vehicle sales and rollout of mobility
services
Regulatory News:
PSA Group (Paris:UG):
Group Q3 2016 revenue totalled €11,404 million,
compared with €12,016 million in Q3 2015. In the first nine months,
Group revenue reached €39,183 million, compared with €40,052
million in 2015, up 1.3% at constant exchange rates.
Automotive division revenue was €7,542 million, compared
with €8,052 million in Q3 2015. Negative exchange rate effects
(-4.7%) were partially offset by the positive price impact (+1.8%),
reflecting the policy of improving the price positioning of the
three brands, Peugeot, Citroën and DS.
Consolidated worldwide sales were up 10.6%2. Ahead of
major product launches in the fourth quarter, which are not yet
visible in registrations, sales volumes declined in Europe (-4.3%)
and China (-16.5%). In Latin America, they were up 22.6%. In Africa
Middle East, volumes increased, driven by sales of vehicles
manufactured in Iran under Peugeot licence2.
As of end-September 2016, inventories totalled 400,000
vehicles3 (382,000 in the same period last year).
Jean-Baptiste de Chatillon, Chief Financial Officer of the PSA
Group and member of the Managing Board, said: “The levers of the
Back in the Race plan, especially pricing power and cost reduction,
make us confident that we will achieve the objectives of the Push
to Pass plan, despite a more challenging external environment,
particularly in respect of exchange rates.”
Market outlook
For 2016, the Group expects the automotive market to grow by
about 6% in Europe and 15% in China, and to shrink by around 6% in
Latin America and 15% in Russia.
Operational targets
The Push to Pass plan, has set the following targets:
- Reach an average 4% automotive
recurring operating margin in 2016-2018, and target 6% by
2021;
- Deliver 10% Group revenue growth by
20184 vs 2015, and target additional 15% by 20214.
Financial Calendar – 23 February 2017: 2016 Annual Results
About PSA Group
With sales and revenue of €54 billion in 2015, the PSA Group
designs unique automotive experiences and delivers mobility
solutions that provide freedom and enjoyment to customers around
the world. The Group leverages the models from its three brands,
Peugeot, Citroën and DS, as well as a wide array of mobility
services including the Free2Move brand, to meet the evolving needs
and expectations of automobile users. PSA is the European leader in
terms of CO2 emissions, with average emissions of 104.4 grams of
CO2 per kilometre in 2015, and an early innovator in the field of
autonomous and connected cars, with 1.8 million such vehicles
worldwide. It is also involved in financing activities through
Banque PSA Finance and in automotive equipment via Faurecia. Find
out more at groupe-psa.com/en.
1 As of 30 September 2016, growth at constant exchange rates
(2015) versus cumulated revenue as of 30 September 2015.
2 O/w 105 kunits produced in Iran under Peugeot licence
3 Excluding China, including independent dealers.
4 At constant (2015) exchange rates
Appendix
Revenue YTD September 2016 versus YTD
September 2015
In million euros 9M 2015* 9M 2016
Change Automotive 27,461 26,732 -729 Faurecia
13,811 13,773 -38 Other businesses and
eliminations** (1,220) (1,322) -102 Group
revenue 40,052 39,183 -869
Revenue Q3 2016 versus Q3 2015
In million euros Q3 2015* Q3 2016
Change Automotive 8,052 7,542 -510 Faurecia
4,323 4,241 -82 Other businesses and
eliminations** (359) (379) -20 Group revenue
12,016 11,404 -612
* restated according to IFRS5 (Faurecia Exteriors division)
** Including remaining activities of PSA Finance
AppendixWorldwide unit sales*
Consolidated World Sales(in thousands)
Q3
2015
2015YTD Sept.
Q3
2016
2016YTD Sept. Δ 16/15Q3 Δ
16/15YTD Sept.
China - South
East Asia Peugeot 84,2
291,7 70,1
232,6 -16.8% -20,2% Citroën
60,8 210,6
52,5 177,7 -13.7% -15,6%
DS 5,7 16,4
3,3 12,0 -42.0%
-26,8%
China - South East Asia PSA
150,7 518,7
125,9 422,4
-16,5% -18,6%
Eurasia Peugeot 2,1
5,0 1,2
3,9 -42.5% -20.4% Citroën
1,7 4,0 1,0
3,4 -41.7% -15.5%
DS 0,0 0,1
0,0 0,1 120.0% 48.2%
Eurasia PSA 3,9
9,0 2,3
7,4 -41.5%
-17.8%
Europe
Peugeot 214,4
771,6 213,0 814,3
-0.7% 5.5% Citroën 154,9
540,6 144,2
557,8 -6.9% 3.2% DS
15,2 55,9
11,0 51,9 -27.8% -7.1%
Europe PSA 384,6
1 368,1
368,2 1 424,0
-4.3% 4.1%
India - Pacific Peugeot 2,6
13,0 2,7
10,7 6.5% -17.7% Citroën
1,0 3,0 1,1
2,7 8.6% -8.9% DS
0,3 0,8
0,3 1,1 5.9% 38.0%
India - Pacific PSA
3,8 16,8
4,1 14,5 7.0%
-13.6%
Latin
America Peugeot 23,6
70,6 30,1 89,5
27.6% 26.7% Citroën
12,6 41,3 14,4
43,4 13.7% 5.1% DS
0,3 0,9
0,3 0,8 7.0% -20.4%
Latin America PSA
36,6 112,8
44,8 133,6 22.6%
18.4%
Middle
East - Africa Peugeot 24,4
86,1 124,2
181,6 408.8% 110.9% Citroën
11,5 49,9
11,4 40,5 -0.8% -18.7%
DS 0,4 1,2
0,3 1,3 -17.4%
4.6%
Middle East - Africa PSA
36,3 137,2
136,0 223,4
274.3% 62.8%
Total Consolidated World Sales Peugeot
351,4 1 238,0
441,3 1 332,7 25.6% 7.6%
Citroën 242,6
849,4 224,6 825,5
-7.4% -2.8% DS
21,9 75,3 15,2
67,2 -30.3% -10.8%
Total CWS
(AV+CKD) PSA 615,8
2 162,7
681,1 2 225,3
10.6% 2.9%
* Assembled vehicles, CKD’s and vehicles sold under licence
** Including vehicles produced in Iran under Peugeot licence :
105kunits in Q3 2016, 115,5 kunits YTD
Communications Division - www.groupe-psa.com -
+33 1 40 66 42 00 - @GroupePSA
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161025006920/en/
PSA GroupMedia : 01 40 66 42 00
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