PSA Group: Q1 2017 Revenue: Product Offensive Success and International Development Acceleration

• The Group’s revenue amounted to €13.6 billion, of which €9.0 billion for the Automotive division, an increase of 4.9%.
• Acceleration of international development: first production of the Peugeot 2008 in Iran with Iran Khodro and partnerships signed in Uruguay, Vietnam and India.
• Consolidated worldwide sales were up 4.2%, driven by Peugeot sales in Middle East and Africa.

PARIS--(BUSINESS WIRE)--Regulatory News:

The PSA Group’s (Paris:UG) first quarter 2017 revenue amounted to €13,629 million, of which €9,018 million for the Automotive division and €5,092 million for Faurecia. The Group’s revenue grew by 4.9% compared with Q1 2016. Automotive division revenue grew by 2.5%, mainly driven by the product mix improvement (+3.7%), linked to the success of recently launched models, that more than compensated the negative impact of exchange rates (-1.0%).

At the end of March 2017, inventories were slightly up at 390,000 vehicles¹.

Jean-Baptiste de Chatillon, Chief Financial Officer of the PSA Group and member of the Managing Board, said: « The success of our profitable organic growth plan ‘Push to Pass’ is confirmed by our recent launches and the acceleration of our international development. Despite an ever volatile and uncertain economic environment, our agility is more than ever a competitive advantage for achieving our growth and profitability objectives. »

Market outlook

In 2017, the Group expects the automotive market to grow by approximately 1% in Europe and 2% in Latin America. The market should also grow by 5% in China and remain stable in Russia.

Operational outlook: the objectives of the Push to Pass plan are to:

• deliver over 4.5% Automotive Recurring Operating Margin² on average in 2016-2018, and target over 6% by 2021;
• deliver 10% Group revenue growth by 2018³ vs 2015, and target additional 15% by 2021³.

Link to the presentation of Q1 2017 revenue.

Financial Calendar

10 May 2017: Annual Shareholders’ Meeting

26 July 2017: 2017 interim results

25 October 2017: Third-quarter 2017 revenue

Media contact: [phone]

About PSA Group

With sales and revenue of €54 billion in 2016, the PSA Group designs unique automotive experiences and delivers mobility solutions that provide freedom and enjoyment to customers around the world. The Group has three car brands, Peugeot, Citroën and DS, as well as a wide array of mobility and smart services under its Free2Move brand, to meet the evolving needs and expectations of automobile users. The automobile manufacturer PSA is the European leader in terms of CO₂ emissions, with average emissions of 102.4 grams per kilometre in 2016, and an early innovator in the field of autonomous and connected cars, with 2.3 million such vehicles worldwide. It is also involved in financing activities through Banque PSA Finance and in automotive equipment via Faurecia. Find out more at groupe-psa.com/en.

Media library: https://medialibrary.groupe-psa.com/ / Twitter: @GroupePSA

¹ Excluding China, including independent dealers.
² Recurring Operating Income related to Revenue
³ At constant (2015) exchange rates

Attachments

Q1 2017 Group Revenue

In million Euros	Q1 2016	Q1 2017	Change
Automobile	8,796	9,018	+222
Faurecia	4,656	5,092	+436
Other businesses and eliminations	(454)	(481)	-27
Group Revenue	12,998	13,629	+631

Q1 2017 Consolidated Worldwide Sales

Units^*		Q1 2016	Q1 2017	Change
Europe^**	Peugeot Citroën DS Total PSA	264,072 181,782 19,050 464,904	267,575 186,832 10,905 465,312	+1.3% +2.8% -42.8% +0.1%
China & South East Asia	Peugeot Citroën DS Total PSA	85,152 62,549 5,004 152,705	56,868 24,257 1,920 83,045	-33.2% -61.2% -61.6% -45.6%
Latin America	Peugeot Citroën DS Total PSA	27,223 14,016 287 41,526	26,552 13,985 370 40,907	-2.5% -0.2% +28.9% -1.5%
Eurasia	Peugeot Citroën DS Total PSA	1,191 957 24 2,172	1,851 983 16 2,850	+55.4% +2.7% -33.3% +31.2%
India-Pacific	Peugeot Citroën DS Total PSA	4,208 733 363 5,304	3,100 1,103 276 4,479	-26.3% +50.5% -24.0% -15.6%
Middle East & Africa***	Peugeot Citroën DS Total PSA	21,274 11,619 341 33,234	120,161 12,214 456 132,831	+464.8% +5.1% +33.7% +299.7%
Total Consolidated Worldwide Sales	Peugeot Citroën DS Total PSA	403,120 271,656 25,069 699,845	476,107 239,374 13,943 729,424	+18,1% -11,9% -44,4% +4.2%

* Assembled vehicles, CKDs and vehicles under License
** Europe = EU + EFTA + Albania + Croatia + Kosovo + Macedonia + Serbia
*** o/w 104 kunits sold under Peugeot license in Q1 2017 following the final JV agreement signed with Iran Khodro on 21 June 2016