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2/26/2020 11:55 AM
Groupe PSA achieved a new profitability record in 2019

Groupe PSA achieved a new profitability record in 2019

  • €4.7 billion Group revenue up 1%
  • 8.5% Group adjusted operating margin at €.3 billion
  • 8.5% Automotive division2 adjusted operating margin up 0.9 pt at €.0 billion
  • Record net result Group share at €.2 billion
  • €.3 billion Automotive division free cash flow
  • PACE! plan target achieved with Opel Vauxhall 6.5% adjusted operating margin

[See the press release]

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1/17/2020 3:00 PM
Worldwide sales at 3.5m units in 2019

Worldwide sales at 3.5m units in 2019 :

    • Electrification on track: 10 new models launched as a first milestone toward a 100% electrified range by 2025
    • Solid position in Europe: 16.8% market share
    • International businesses focused on profitable growth and manufacturing footprint development

    [read the press release]

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    1/9/2020 6:00 PM
    Groupe PSA and FCA agree to merge
    New entity will have the leadership, resources and scale to be at the forefront of a new era of sustainable mobility
       
    •  Combines companies’ extensive and growing capabilities to address the challenge of shaping the new era of sustainable mobility
    • Combined company will be the 4th largest global OEM by volume and 3rd largest by revenue with annual sales of 8.7 million units and combined revenues of nearly €170 billion
    • Creates a diversified business with among the highest margins in its core markets of Europe, North America and Latin America and the opportunity to reshape the strategy in other regions
    • Merger will deliver approximately €3.7 billion estimated annual run-rate synergies with no plant closures resulting from the transaction – synergies are expected to be net cash flow positive from year 1
    • Strong combined balance sheet and high level of liquidity provide financial flexibility with an investment grade credit rating expected
    • Combined company will leverage investment efficiency across a larger scale to develop innovative mobility solutions and cutting edge technologies in new energy vehicles, autonomous driving and connectivity
    • Broad portfolio of well-established iconic brands offering best-in-class products covering key vehicle market segments and delivering higher customer satisfaction
    • Excellent working relationship between the two management teams, which share successful track records in turnarounds, value creation and successful OEM combinations
    • Strong governance structure to underpin combined company performance with John Elkann as Group Chairman and Carlos Tavares as Group CEO, with a majority of independent directors
    • Strong support of long-term shareholders (EXOR N.V., Peugeot Family Group, Bpifrance) who will be represented on the Board

    [Read the press release]

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    9/2/2019 12:00 PM
    Groupe PSA achieves strong profitability in H1 2019

    Groupe PSA First-Half 2019 Financial Results

    • €38.3 billion Group revenue
    • 8.7% Automotive division recurring operating margin
    • 8.7% Group recurring operating margin
    • €1.599 billion Group free cash flow including the acquisition of Clarion by Faurecia
    • €2.287 billion Automotive division free cash flow
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