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9/7/2020 5:00 PM
Groupe PSA remains profitable in H1 2020 despite Covid

​•€25.1 billion Group revenue

•3.7% Automotive division adjusted operating margin at €731 million

•Net result group share at €595 million

•€153 million Automotive positive free cash flow excluding working capital

•Strong financial security at €23.2 billion

 

Carlos Tavares, Chairman of Groupe PSA Managing Board said: “This H1 result proves the Group’s resilience, as a reward of 6 consecutive years of intense work to increase our agility and lower our breakeven point. The Group is also weathering this crisis thanks to the commitment of the teams, focused to deliver a clean, safe and affordable mobility for our customers. We are determined to achieve solid rebound in the second half of the year, while finalizing the birth of Stellantis before the end of Q1 2021.”

[Read the press release]

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