The group’s deliveries increased by 7% to almost 3.88m units which include Opel for the full-year. Excluding the latter, deliveries fell by 12% to 2.84m. However, as the consolidated ASP was up by 20% to almost €16,000, Automobile revenue increased by 28% to more than €61bn and consolidated revenue by 19% to €74bn (based on restated 2017 numbers). These numbers were very much in-line with our projections. However, earnings were up much stronger than anticipated. Operating
26 Feb 2019
PSA’s 2018 profit numbers were excellent, but the profit outlook is modest
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PSA’s 2018 profit numbers were excellent, but the profit outlook is modest
- Published:
26 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The group’s deliveries increased by 7% to almost 3.88m units which include Opel for the full-year. Excluding the latter, deliveries fell by 12% to 2.84m. However, as the consolidated ASP was up by 20% to almost €16,000, Automobile revenue increased by 28% to more than €61bn and consolidated revenue by 19% to €74bn (based on restated 2017 numbers). These numbers were very much in-line with our projections. However, earnings were up much stronger than anticipated. Operating