RUEIL-MALMAISON, France--(BUSINESS WIRE)--Regulatory News:
Groupe PSA (Paris:UG):
Group revenue amounted to €15,179 million in Q1 2020 compared with €17,976 million in Q1 2019.
Automotive division revenue amounted to €11,934 million down by 15.7% compared to Q1 2019. The positive impact of product mix (+5.3%), price (+0.5%) as well as other effects (+3.5%) and sales to partners (+0.1%) partially offset the sharp decrease of volumes and country mix (-24.6%) and the negative impact of exchange rates (-0.5%).
With a total of 627,000 cars sold, Q1 2020 consolidated worldwide sales were down, impacted by the Covid-19 crisis.
Total inventory, including independent dealers and importers, stood at 715,000 vehicles at 31 March 2020 and decreased by 1,000 units from 31 March 2019.
Faurecia revenue was down at €3,739 million.
Philippe de Rovira, Chief Financial Officer of Groupe PSA said: “Having secured its liquidity and drastically cut its costs, the group now fully focuses on preparing the rebound in a chaotic economic environment”.
Market outlook: in 2020, the Group now anticipates a decrease of the automotive market by 25% in Europe, 10% in China, 25% in Latin America and 20% in Russia.
The outlook is currently difficult to assess and will depend on the scale, duration and geographic extent of the Covid-19 crisis, as well as the measures taken by the countries concerned.
Operational outlook:
Groupe PSA has set the target to deliver over 4.5% Automotive adjusted operating margin2 on average for the period 2019-2021.
Link to the presentation of Q1 2020.
Financial Calendar
25 June 2020: 2020 General Meeting
28 July 2020: 2020 interim results
28 October 2020: Third-quarter 2020 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
Attachments
Revenue Q1 2020 versus Q1 2019
In million euros |
Q1 2019 |
Q1 2020 |
Change |
Automotive |
14,157 |
11,934 |
(2,223) |
Faurecia |
4,325 |
3,739 |
(586) |
Other businesses and eliminations * |
(506) |
(494) |
12 |
Group Revenue |
17,976 |
15,179 |
(2,797) |
* Including remaining activities of Banque PSA Finance
Q1 2020 Consolidated Worldwide Sales
| Consolidated World Sales Estimates |
Q1 2019 | Q1 2020 | Δ YTD | |||
| EUROPE * | 783 452 |
548 631 |
- 30,0% |
|||
| PEUGEOT | 290 651 |
216 090 |
- 25,7% |
|||
| CITROEN | 203 904 |
146 288 |
- 28,3% |
|||
| DS | 9 347 |
10 915 |
+ 16,8% |
|||
| OPEL VAUXHALL | 279 550 |
175 338 |
- 37,3% |
|||
| MIDDLE EAST & AFRICA | 26 448 |
38 103 |
+ 44,1% |
|||
| PEUGEOT | 15 591 |
17 448 |
+ 11,9% |
|||
| CITROEN | 5 740 |
10 934 |
+ 90,5% |
|||
| DS | 194 |
380 |
+ 95,9% |
|||
| OPEL VAUXHALL | 4 923 |
9 341 |
+ 89,7% |
|||
| LATIN AMERICA | 32 200 |
23 837 |
- 26,0% |
|||
| PEUGEOT | 18 674 |
14 878 |
- 20,3% |
|||
| CITROEN | 13 115 |
8 586 |
- 34,5% |
|||
| DS | 197 |
91 |
- 53,8% |
|||
| OPEL VAUXHALL | 214 |
282 |
+ 31,8% |
|||
| CHINA & SOUTH EAST ASIA | 35 898 |
7 838 |
- 78,2% |
|||
| PEUGEOT | 20 369 |
5 154 |
- 74,7% |
|||
| CITROEN | 14 762 |
2 586 |
- 82,5% |
|||
| DS | 626 |
65 |
- 89,6% |
|||
| OPEL VAUXHALL | 141 |
33 |
- 76,6% |
|||
| INDIA & PACIFIC | 5 595 |
5 332 |
- 4,7% |
|||
| PEUGEOT | 4 007 |
3 687 |
- 8,0% |
|||
| CITROEN | 1 261 |
1 367 |
+ 8,4% |
|||
| DS | 327 |
278 |
- 15,0% |
|||
| EURASIA | 2 358 |
3 283 |
+ 39,2% |
|||
| PEUGEOT | 1 447 |
1 689 |
+ 16,7% |
|||
| CITROEN | 861 |
1 363 |
+ 58,3% |
|||
| DS | 3 |
20 |
+ 566,7% |
|||
| OPEL VAUXHALL | 47 |
211 |
+ 348,9% |
|||
| Total Consolidated World Sales | 885 951 |
627 024 |
- 29,2% |
|||
| PEUGEOT | 350 739 |
258 946 |
- 26,2% |
|||
| CITROEN | 239 643 |
171 124 |
- 28,6% |
|||
| DS | 10 694 |
11 749 |
+ 9,9% |
|||
| OPEL VAUXHALL | 284 875 |
185 205 |
- 35,0% |
|||
| * Europe = EU + EFTA + Albania + Bosnia + Croatia + Kosovo + Macedonia + Montenegro + Serbia | ||||||
1 Automotive Division (PCDOV)
2 Automotive Division (PCDOV) adjusted operating income related to revenue
Communications Division - www.groupe-psa.com/en - +33 6 61 93 29 36– @GroupePSA_EN
