Peugeot: record earnings in 2019
(CercleFinance.com) - Groupe PSA has postd record net income, group share for 2019, up 13% at 3.
2 billion euros, with an underlying operating margin for its automotive division of 8.5%, up 0.9 point.
The car maker reported sales of 74.7 billion euros, up 1%. At its automotive division, the favourable impact of its product mix and prices offset the fall in sales to partners and the negative impact of the country mix.
The payment of a dividend of 1.23 euro per share will be submitted to vote at its AGM. Groupe PSA has set itself the target of an average underlying operating margin of over 4.5% for its automotive division over 2019-2021.
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