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Results and Key Figures
Worldwide sales of PSA Peugeot Citroën assembled and CKD vehicles combined fell by 2.2% in 2009 to 3,188,000 units (1,842,000 Peugeot and 1,346,000 Citroën) from 3,260,000 units in 2008.
2009 was however a highly contrasted year. The market recovery in the second half, stimulated in some countries by government incentive schemes and our successful product momentum, helped PSA Peugeot Citroën to increase its market share and to return to positive recurring operating income of €137 million after a loss in the first half.
Revenues declined by 10.9% to €48,417 million for 2009 as a whole, from €54,356 million in 2008. After a first half revenue decline of 21.8%, the second half saw a steady improvement, with revenues up 2.6%, in the context of more favourable worldwide market conditions.
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SALES AND REVENUE (€ billions) |
 |
 |
Other businesses |
| |
|
 |
Automobile Division |
|
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CONSOLIDATED SALES AND REVENUE BY BUSINESS (€ millions) |
| |
2008 |
2009 |
Automobile Division |
41.643 |
38.265 |
| Faurecia |
12.011 |
9.262 |
| Gefco |
3.536 |
2.888 |
| Banque PSA Finance |
2.088 |
1.823 |
Other businesses and
Intersegment eliminations |
(4.922) |
(3.851) |
| Total PSA PEUGEOT CITROËN |
54.356 |
48.417 |
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RECURRING OPERATING INCOME |
| |
2008 |
2009 |
Recurring operating income
(€ millions) |
550 |
(689) |
Consolidated operating margin
as a % of sales and revenue |
1% |
-1.4% |
Automobile division operating margin
as a % of sales and revenue |
-0.5% |
-3.3% |
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RECURRING OPERATING INCOME BY BUSINESS
(€ millions) |
| |
2008 |
2009 |
Automobile Division |
(225) |
(1.257) |
| Faurecia |
91 |
92 |
| Gefco |
127 |
(102) |
| Banque PSA Finance |
557 |
448 |
Other businesses and
Intersegment eliminations |
0 |
60 |
| Total PSA PEUGEOT CITROËN |
550 |
(689) |
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PROFIT ATTRIBUTABLE TO PEUGEOT SA (€ millions) |
| |
2008 |
2009 |
Profit/(loss) attributable
to Peugeot S.A. |
(363) |
(1.161) |
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FINANCING AND FINANCIAL SITUATION (€ millions) |
| |
2008 |
2009 |
Cash flow* |
2.781 |
1.342 |
| Capital expenditure (excl. R&D)* |
1.701 |
1.615 |
| Free cash flow |
(3.764) |
809 |
| Net financial position* |
(2.906) |
(1.993) |
| Equity |
13.289 |
(12.447) |
| Gearing |
21.9% |
16% |
| * Of the manufacturing and sales companies. |
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AUTOMOBILE DIVISION RESEARCH AND DEVELOPMENT EXPENDITURE
(€ millions) |
| |
2008 |
2009 |
€ millions |
2.116 |
2.148 |
As a % of
Automobile Division Sales and revenue
|
5.1% |
5.6% |
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