Peugeot: Q1 revenue down 1.1%

(CercleFinance.com) - PSA Group has unveiled Q1 2019 sales that are down slightly (-1.
1%) at 17,976 million euros, including sales of its automotive division that are down 1.8% at 14,157 million euros.

"The positive impact of product mix (+2.3%) and price (+1.3%) partially offset the decrease of sales to partners (-2.7%), the negative impact of exchange rates (-0.8%), volumes and country mix (-1.1%) as well as others (-0.8%)," the group said.

Saying that it “remains fully focused on the execution of the Push to Pass strategic plan” it has set a target (including Opel Vauxhall) for an average underlying operating margin of ovetr 4.5% for its automobile division over 2019-21.



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