Peugeot: underlying OM improves in H1
(CercleFinance.com) - Peugeot has published H1 net income, group share of 1,832 million euros, up 351 million euros relative to a year ago, with an underlying operating margin of 8.
7%, 0.9 point higher compared to H1 2018.
Sales came in at 38,340 million euros, down 0.7%, including automotive sales of 30,378 million euros, down 1.1%. Note the favorable effect of the group's product mix (+2.9%) and prices (+1.3%), which partially offset the decline.
In 2019, the car maker forecasts a 1% fall in the automobile market in Europe. The group has set itself the target of achieving an average underlying operating margin of over 4.5% at its automobile division over the period 2019-2021.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7%, 0.9 point higher compared to H1 2018.
Sales came in at 38,340 million euros, down 0.7%, including automotive sales of 30,378 million euros, down 1.1%. Note the favorable effect of the group's product mix (+2.9%) and prices (+1.3%), which partially offset the decline.
In 2019, the car maker forecasts a 1% fall in the automobile market in Europe. The group has set itself the target of achieving an average underlying operating margin of over 4.5% at its automobile division over the period 2019-2021.
Copyright (c) 2019 CercleFinance.com. All rights reserved.