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Summary
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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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    2/26/2019 12:00 PM
    Groupe PSA renforcera la dynamique de son plan stratégique Push to Pass pour la deuxième phase 2019 – 2021

    • Le Groupe PSA est maintenant durablement performant, porté par les résultats d’une dynamique d’efficience, au meilleur niveau de l’industrie automobile mondiale, associés à sa capacité à saisir les opportunités telle que l’acquisition d’Opel.
    • La création récurrente de valeur supporte les investissements destinés à préparer l’entreprise aux enjeux de l’industrie automobile de demain comme la transition énergétique.
    • Les progrès continus en matière de qualité produit et service renforcent la satisfaction de nos clients sur un périmètre géographique et d’activités élargi, incluant des relais de croissance comme le véhicule d’occasion, les pièces de rechanges ou les nouvelles mobilités.
    • Fort du succès de la première étape de son plan Push to Pass, Groupe PSA poursuit sa feuille de route en s’appuyant sur une valeur cardinale, celle de l’agilité.

    [voir le communiqué de presse

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