PSE-Peugeot - Citroen reports quarterly profits

Select

PSE-Peugeot/ Citroen reports quarterly profits - 29/04/2005

The PSA-Peugeot/ Citroen group has recorded a rise of 0.7 per cent in sales incomes for the first quarter of 2005.

The car manufacturing giant turned in a profit of ¬13,635 million in the first three months of this year.

The bulk of this figure comes from the retail of cars, which differentiates PSA-Peugeot/ Citroen from many other car manufacturers, who have a diverse range of business interests to bolster their profit margins.

This is despite the fact that there has been a slight downturn in vehicle sales,

Globally, sales of PSA-Peugeot/ Citroen's cars are very healthy, with the Latin American market exploding by nearly 70 per cent in the quarter.

Although sales were down slightly in the European market, its believes that this is simply a natural fluctuation of the market caused by some models coming to the end of their product cycle.