Diluted earnings per share in the reporting period amounted to €3.4 against €3.01 a year earlier. Revenues for the reporting year increased by 1% - to €74.731 billion. In January, the company reported that it had sold 3.489 million cars at the end of the year, which is 10% less than a year ago.
The growth in revenue for the year was supported by the product range (by 4.3%) and prices (by 1.2%), which was partially offset by a decrease in sales to partners (by 1.7%), a negative exchange rate effect (by 0.5%), as well as sales and assortment by country (2.4%) and other reasons.
The company expects the car market to decline by 3% in Europe in 2020, but will remain stable in Latin America.
PSA (formerly PSA Peugeot Citroen) is Europe's second largest car manufacturer after Volkswagen AG. The headquarters is located in Paris. It was formed by the acquisition by Peugeot of a 90% stake in Citroen in 1976.
source: reuters.com
The growth in revenue for the year was supported by the product range (by 4.3%) and prices (by 1.2%), which was partially offset by a decrease in sales to partners (by 1.7%), a negative exchange rate effect (by 0.5%), as well as sales and assortment by country (2.4%) and other reasons.
The company expects the car market to decline by 3% in Europe in 2020, but will remain stable in Latin America.
PSA (formerly PSA Peugeot Citroen) is Europe's second largest car manufacturer after Volkswagen AG. The headquarters is located in Paris. It was formed by the acquisition by Peugeot of a 90% stake in Citroen in 1976.
source: reuters.com
