Groupe PSA: Q1 2019 Group Revenue at €18 Billion

  • Groupe PSA Q1 revenue slightly down 1.1% at €18 billion;
  • Automotive division1 revenue at €14.2 billion
    (-1.8%):

    • Strong product mix and positive price effect;
    • In Europe, steady market share increase: +0.3 pt2
      and sales up 1.6%;
    • Negative impact of exchange rates especially in Argentina and
      Turkey;
  • Consolidated worldwide sales down 15.7% in particular due to the
    suspension of the group’s activities in Iran.

RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News:

Groupe PSA (Paris:UG):

Group revenue amounted to €17,976 million in Q1 2019 compared
with €18,182 million in Q1 2018.

Automotive division revenue amounted to €14,157 million
down by 1.8% compared to Q1 2018. 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%).

With a total of 886,000 cars sold, Q1 2019 consolidated worldwide
sales were up in Europe but down outside of Europe mainly due to
the suspension of the group’s activities in Iran and to Chinese JVs.

Total inventory, including independent dealers and importers3,
stood at 716,000 vehicles at 31 March 2019, an increase of 32,000 units
from 31 March 2018.

Faurecia revenue was slightly up at €4,325 million.

Philippe de Rovira, Chief Financial Officer of Groupe PSA and member of
the Executive Committee, said: « Groupe PSA remains fully focused on
the execution of the
Push
to Pass
strategic plan to deliver a high level of performance
and to be a leading actor in the energy transition.
»

Market outlook: in 2019, the Group anticipates a stable
automotive market in Europe, a decrease by 2% of the market in Latin
America and by 3% in China and growth of 5% in Russia.

Operational outlook:

Groupe PSA has set the following target for the period 2019-2021
(including Opel Vauxhall):

  • Deliver over 4.5% Automotive recurring operating margin4 on
    average in 2019-2021.

Link
to the presentation of Q1 2019.

Financial Calendar
24 July 2019: 2019 interim results
23
October 2019: Third-quarter 2019 revenue

About Groupe PSA

Groupe
PSA
designs unique automotive experiences and delivers
mobility solutions to meet all customer expectations. The Group has five
car brands, Peugeot, Citroën, DS, Opel and Vauxhall and provides a wide
array of mobility and smart services under the Free2Move brand. Its
‘Push to Pass’ strategic plan represents a first step towards the
achievement of the Group’s vision to be “a global carmaker with
cutting-edge efficiency and a leading mobility provider sustaining
lifetime customer relationships”. An early innovator in the field of
autonomous
and connected cars
, Groupe PSA is also involved in financing
activities through Banque PSA Finance and in automotive equipment via
Faurecia.

Media library: medialibrary.groupe-psa.com
/ @GroupePSA_EN

Communications Division – www.groupe-psa.com/en
– +33 6 61 93 29 36– @GroupePSA_EN

Attachments

Revenue Q1 2019 versus Q1 2018

In million Euros   Q1 2018   Q1 2019   Change
Automotive   14,418   14,157   (261)
Faurecia   4,315   4,325   10
Other businesses and eliminations *   (551)   (506)   45
Group Revenue   18,182   17,976   (206)

* Including remaining activities of Banque PSA Finance

Q1 2019 Consolidated Worldwide Sales

             
Consolidated World Sales 2018   2019   Δ 19/18
Estimates (in thousands) Q1   Q1    
                 
Europe Peugeot 299.3 290.7 -2.9%
Citroën 195.1 203.9 4.5%
DS 11.5 9.4 -18.8%
Opel Vauxhall 265.0 279.6 5.5%

 

  PSA   771.0   783.5   1.6%
China – South East Asia Peugeot 49.1 20.4 -58.6%
Citroën 34.1 14.8 -56.7%
DS 0.8 0.6 -22.9%
Opel Vauxhall 0.4 0.1 -67.9%

 

  PSA   84.5   35.9   -57.5%
Latin America Peugeot 29.9 18.7 -37.6%
Citroën 15.6 13.1 -16.0%
DS 0.2 0.2 -5.7%
Opel Vauxhall 0.2 0.1 -38.6%

 

  PSA   45.9   32.1   -30.1%
Middle East – Africa Peugeot 124.9 15.6 -87.5%
Citroën 7.2 5.7 -20.5%
DS 0.3 0.2 -32.9%
Opel Vauxhall 9.0 5.3 -41.0%

 

  PSA   141.4   26.8   -81.0%
India – Pacific Peugeot 4.6 4.0 -12.0%
Citroën 1.3 1.3 0.0%
DS 0.2 0.3 90.1%
Opel Vauxhall 0.0 0.0 NS

 

  PSA   6.0   5.6   -6.5%
Eurasia Peugeot 1.7 1.4 -14.0%
Citroën 1.4 0.9 -40.3%
DS 0.0 0.0 -72.7%
Opel Vauxhall 0.1 0.2 186.1%

 

  PSA   3.2   2.5   -21.5%
 
                 
Total Consolidated World Sales Peugeot 509.5 350.7 -31.2%
Citroën 254.8 239.6 -5.9%
DS 13.0 10.7 -17.7%
Opel Vauxhall 274.7 285.3 3.9%

 

  PSA   1,051.9   886.4   -15.7%
                 
Total Consolidated World Sales Peugeot 401.5 350.7 -12.6%
(excluding Iran) Citroën 254.8 239.6 -5.9%
DS 12.9 10.7 -17.1%
Opel Vauxhall 274.7 285.3 3.9%

 

  PSA   943.8   886.4   -6.1%

Estimated data

* Europe = EU + EFTA + Albania + Bosnia + Croatia + Kosovo + Macedonia +
Montenegro + Serbia
**o/w 106 kunits sold in Q1 2018 under Peugeot
license by Iran Khodro

1 Automotive Division (PCDOV)
2 Q1 2019 vs Q1
2018
3 Including Peugeot importers outside Europe
4
Automotive Division (PCDOV) recurring operating income related to revenue

Contacts

Media contact: Karine Douet +33 6 61 64 03 83 – karine.douet@mpsa.com