Peugeot: PSA's sales almost flat in Q3

(CercleFinance.com) - PSA group has reported Q3 sales of 15.
45 billion euros, virtually flat (-0.8%) compared with Q3 2019 (15.58 billion euros).

Sales at the Auto division reached 11.96 billion euros, up 1.2% y-o-y.
For 2020, the Group expects the automobile market to decline by 25% in Europe, 30% in Latin America, 20% in Russia and 10% in China.

Targets remain unchanged: the PSA Group has set itself the target of achieving an average underlying operating margin of over 4.5% for its Auto division over the 2019-2021.


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