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PSA Peugeot Citroen consolidated revenue up 3.2%

Staff writer ▼ | October 26, 2015
In the third quarter of 2015, PSA Peugeot Citroen consolidated revenue totalled €12,390 million, up 3.2% compared with third-quarter 2014.
PSA Peugeot Citroen
PSA Peugeot Citroen   €12,390 million
Automotive Division revenue, excluding the contribution of the Chinese joint ventures, amounted to €8,052 million for the period, up 1.0% year-on-year. New car revenue increased by 2.6%, driven in particular by a 1.2% increase in net price and a 0.8% positive impacts from both volumes and family mix.

Pro forma Automotive Division revenue, which includes the Group's interest in the Chinese joint ventures, represented €9,134 million, a slight improvement on third-quarter 2014.

Sales volume fell by 4.3% overall in the third quarter of 2015, but rose by 0.8% excluding China.

In Europe, sales growth accelerated (representing 6.1% in the third quarter versus 2.9% in the first half), driven by increased market demand and our successful range of products. In parallel, the Group pursued its strategy to improve price positioning for the Peugeot, Citroën and DS brands and its efforts to increase productivity.

In Asia, following the slowdown in the Chinese market, the Group adjusted its inventory in the third quarter. Sales fell by 17%, while deliveries decreased by a slight 3%.

In Latin America and Eurasia, the Group is pursuing measures to rightsize fixed costs in order to reach breakeven by 2017[2]. Sales declined by 23% and 45% over the period, in markets that were also significantly down, by 13% and 27% respectively.

In Middle East and Africa and India-Pacific regions, sales decrease by 7% and 24%, but the Group's year-to-date sales in these regions were still up by 14% and 15% respectively.