Groupe PSA: Q3 2019 Group revenue growth

  • Group Q3 revenue up 1% at €15.6 billion;
  • Automotive division1 revenue up 0.1% at €11.8 billion;
  • New growth of market share in Europe : +0.1 pt2

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

Groupe PSA (Paris:UG) revenue amounted to €15,579 million in Q3 2019 compared to €15,428 million in Q3 2018.

Automotive division revenue amounted to €11,824 million up by 0.1% compared to Q3 2018. A strong product mix (+4.4%) as well as positive price conditions (+1.0%) more than offset the decrease of sales to partners (-3.2%), the negative impact of exchange rates (-0.8%) including hyperinflation in Argentina as well as volumes and country mix (-0.7%) and others (-0.6%). The strong product mix stems from the success of the group’s last launches in particular Citroën C5 Aircross, Peugeot 508, DS 3 CROSSBACK and Opel Vauxhall Combo.

The Group has sold 674,000 cars in the world in Q3 2019 while continuing to prioritize profitability and to prepare efficiently the 2020 regulatory deadlines.

Total inventory, including independent dealers and importers3, stood at 574,000 vehicles at the end of September 2019, down 29,000 units compared to end of September 2018.

Faurecia revenue was up 4.3% at €4,185 million.

Market outlook: in 2019, the Group anticipates a decrease by 1% of the automotive market in Europe, by 5% in Latin America, by 7% in China and by 2% in Russia.

Operational outlook (unchanged):

Groupe PSA has set the target to deliver over 4.5% Automotive recurring operating margin4 on average for the period 2019-2021.

Link to the presentation of Q3 2019.

Financial Calendar

26 February 2020: 2019 Annual Results

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

Attachments

Revenue YTD September 2019 versus YTD September 2018

In million Euros

9M 2018

9M 2019

Change

 

Automotive

42,521

42,202

(319)

 

Faurecia

13,005

13,157

152

 

Other businesses and eliminations *

(1,503)

(1,441)

62

 

Group Revenue

54,023

53,918

(105)

 

*Including remaining activities of Banque PSA Finance

 

Revenue Q3 2019 versus Q3 2018

In million Euros

Q3 2018

Q3 2019

Change

 

Automotive

11,808

11,824

16

 

Faurecia

4,014

4,185

171

 

Other businesses and eliminations *

(394)

(430)

(36)

 

Group Revenue

15,428

15,579

151

 

*Including remaining activities of Banque PSA Finance

Q3 2019 Consolidated Worldwide Sales

Consolidated World Sales   Q3 2018   9M   Q3 2019   9M   Δ 19/18   Δ 19/18
Estimates  (in thousands)    

2018

   

2019

  Q3   9M
                           
Europe Peugeot  

228.9

 

879.0

 

214.9

 

854.3

 

-6.1%

 

-2.8%

  Citroën  

146.8

 

591.1

 

158.3

 

614.2

 

7.8%

 

3.9%

  DS  

6.4

 

34.8

 

10.1

 

38.9

 

56.4%

 

11.8%

  Opel Vauxhall  

202.4

 

753.4

 

185.6

 

739.7

 

-8.3%

 

-1.8%

PSA  

584.6

 

2,258.3

 

568.9

 

2,247.0

 

-2.7%

 

-0.5%

China – South East Asia Peugeot  

25.1

 

116.2

 

15.7

 

48.8

 

-37.4%

 

-58.0%

  Citroën  

22.6

 

91.9

 

13.3

 

42.5

 

-40.9%

 

-53.8%

  DS  

1.4

 

3.4

 

0.3

 

2.1

 

-77.3%

 

-39.6%

  Opel Vauxhall  

0.0

 

0.5

 

0.0

 

0.2

 

450.0%

 

-52.6%

PSA  

49.0

 

212.0

 

29.4

 

93.5

 

-40.1%

 

-55.9%

Latin America Peugeot  

23.4

 

87.8

 

20.0

 

61.5

 

-14.7%

 

-30.0%

  Citroën  

11.7

 

44.4

 

12.5

 

39.4

6.9%

-11.3%

  DS  

0.2

 

0.7

 

0.2

 

0.6

 

19.6%

 

-14.2%

  Opel Vauxhall  

0.3

 

0.7

 

0.4

 

0.9

 

12.7%

 

20.8%

PSA  

35.6

 

133.6

 

33.1

 

102.4

 

-7.2%

 

-23.4%

Middle East – Africa Peugeot  

12.7

 

198.4

 

15.6

 

55.5

 

22.9%

 

-72.0%

  Citroën  

6.5

 

26.4

 

9.6

 

27.5

 

48.5%

 

4.2%

  DS  

0.4

 

1.0

 

0.4

 

1.2

 

0.9%

 

17.7%

  Opel Vauxhall  

4.3

 

24.2

 

8.1

 

20.7

 

88.1%

 

-14.2%

PSA  

23.9

 

250.0

 

33.7

 

105.0

 

41.2%

 

-58.0%

India – Pacific Peugeot  

4.4

 

14.4

 

3.8

 

13.2

 

-15.4%

 

-8.5%

  Citroën  

1.2

 

4.2

 

1.4

 

5.1

 

23.5%

 

20.5%

  DS  

0.2

 

0.5

 

0.4

 

1.0

 

112.0%

 

99.4%

  Opel Vauxhall  

0.0

 

0.0

 

0.0

 

0.0

  NS   NS
PSA  

5.8

 

19.1

 

5.6

 

19.3

 

-3.0%

 

0.7%

Eurasia Peugeot  

1.9

 

6.3

 

2.0

 

5.7

 

8.3%

 

-8.9%

  Citroën  

1.4

 

4.5

 

1.6

 

4.1

 

13.4%

 

-9.5%

  DS  

0.0

 

0.0

 

0.0

 

0.0

 

175.0%

 

-39.4%

  Opel Vauxhall  

0.1

 

0.2

 

0.2

 

0.4

 

240.4%

 

122.8%

PSA  

3.3

 

11.0

 

3.8

 

10.2

 

14.3%

 

-7.3%

                           
                           
Total Consolidated World Sales Peugeot  

296.5

 

1,302.2

 

272.0

 

1,039.1

 

-8.3%

 

-20.2%

  Citroën  

190.1

 

762.6

 

196.8

 

732.8

 

3.5%

 

-3.9%

  DS  

8.6

 

40.4

 

11.5

 

43.7

 

33.0%

 

8.2%

  Opel Vauxhall  

207.1

 

778.9

 

194.2

 

761.8

 

-6.2%

 

-2.2%

PSA  

702.3

 

2,884.1

 

674.5

 

2,577.4

 

-4.0%

 

-10.6%

                           
Total Consolidated World Sales Peugeot  

296.5

 

1,158.0

 

272.0

 

1,039.1

 

-8.3%

 

-10.3%

(excluding Iran) Citroën  

190.1

 

762.6

 

196.8

 

732.8

 

3.5%

 

-3.9%

  DS  

8.6

 

40.2

 

11.5

 

43.7

 

33.0%

 

8.8%

  Opel Vauxhall  

207.1

 

778.9

 

194.2

 

761.8

 

-6.2%

 

-2.2%

PSA  

702.3

 

2,739.7

 

674.5

 

2,577.4

 

-4.0%

 

-5.9%

                           

Estimated data

* Europe = EU + EFTA + Albania + Bosnia + Croatia + Kosovo + Macedonia + Montenegro + Serbia

**o/w 144 kunits sold in YTD 2018 under Peugeot license by Iran Khodro

 


1 Automotive Division (PCDOV)

2 Q3 2019 vs Q3 2018, Europe 30

3 Including Peugeot importers outside Europe

4Automotive Division (PCDOV) recurring operating income related to revenue

Contacts

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