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Results and Key Figures
PSA Peugeot Citroën, in 2008, holds on to global market share of 5%, standing firm in strongly falling markets. In 2008, the Group maintained market share at 13.8% in Western Europe. In a market that contracted by 5.7%, Group sales of vehicles and CKDs slipped 4.9% to 3,260,000 units.
In 2008, PSA Peugeot Citroën continued its expansion in South America, slightly increasing its market share to 5.5%. In China, the Group had a difficult year : registrations fell by 12.7% on 2007. In Russia, sales surged by 67% in 2008.
In 2008, the Group maintained market share at 13.8% in Western Europe and in Central and Eastern Europe: market share stable at 7.2%.
In Latin America, the group continued growth : Peugeot and Citroën brand registrations were up 5.7%. In China, it was a difficult year, Dongfeng Peugeot Citroën Automobile (DPCA) registered 180,800 vehicles, down 12.7% compared with 2007.
In Russia, PSA Peugeot Citroën registrations rose 67% to stand at 60,400 units.
The sales and revenue are down 7.4% to €54,356 million with regard to the 676 million euro of 2007. The Recurring operating income the €550 million against 1 752 million euro in 2007. The net profit leaves the group joins in loss 343 million euro for the exercise.
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SALES AND REVENUE (€ billions) |
 |
 |
Other businesses |
| |
|
 |
Automobile Division |
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CONSOLIDATED SALES AND REVENUE BY BUSINESS (€ millions) |
| |
2007 |
2008 |
Automobile Division |
45 519 |
41 643 |
| Banque PSA Finance |
1 999 |
2 088 |
| Gefco |
3 554 |
3 536 |
| Faurecia |
12 661 |
12 011 |
Other businesses and
Intersegment eliminations |
(5 057) |
(4 922) |
| Total PSA PEUGEOT CITROËN |
58 676 |
54 356 |
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RECURRING OPERATING INCOME |
| |
2007 |
2008 |
Recurring operating income
(€ millions) |
1 752 |
550 |
Consolidated operating margin
as a % of sales and revenue |
3 % |
1 % |
Automobile division operating margin
as a % of sales and revenue |
1.9 % |
- 0.5 % |
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RECURRING OPERATING INCOME BY BUSINESS
(€ millions) |
| |
2007 |
2008 |
Automobile Division |
858 |
(225) |
| Banque PSA Finance |
608 |
557 |
| Gefco |
155 |
127 |
| Faurecia |
121 |
91 |
| Other businesses and eliminations |
10 |
0 |
| Total PSA PEUGEOT CITROËN |
1 752 |
550 |
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PROFIT ATTRIBUTABLE TO PEUGEOT SA (€ millions) |
| |
2007 |
2008 |
| Profit attributable to Peugeot S.A. |
885 |
(343) |
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FINANCING AND FINANCIAL SITUATION (€ millions) |
| |
2007 |
2008 |
Cash flow* |
3 515 |
2 380 |
| Capital expenditure (excl. R&D)* |
2 079 |
2 156 |
| Net financial position* |
1 404 |
(2 906) |
| Equity |
14 555 |
13 277 |
| * Of the manufacturing and sales companies. |
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AUTOMOBILE DIVISION RESEARCH AND DEVELOPMENT EXPENDITURE |
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2007 |
2008 |
€ millions |
1 800 |
1 770 |
As a % of
Automobile Division Sales and revenue
|
3.8 % |
4.2 % |
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