Peugeot: targets Automotive underlying OM of over 4.5%
(CercleFinance.com) - Having exceeded its initial Push to Pass targets for 2016-18, the PSA Group targets an underlying operating margin of over 4.
5% for its automotive division in 2019-21, and expects to increase its dividend payout ratio to 28% from 2019.
The car maker aims to increase its sales by 50% outside Europe by 2021 and to position its brands in new territories: Peugeot in North America, Citroën in India and Opel in Russia, while strengthening the international presence of DS.
"The growth of the brands, with a surge expected in the field of commercial vehicles, will be led by the Core Model Strategy. This strategy provides for the launch of 116 launches by 2021, including new concepts, with a resulting reduction in the average age of the range - a source of pricing power for the brands - to 3.5 years," the group says.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5% for its automotive division in 2019-21, and expects to increase its dividend payout ratio to 28% from 2019.
The car maker aims to increase its sales by 50% outside Europe by 2021 and to position its brands in new territories: Peugeot in North America, Citroën in India and Opel in Russia, while strengthening the international presence of DS.
"The growth of the brands, with a surge expected in the field of commercial vehicles, will be led by the Core Model Strategy. This strategy provides for the launch of 116 launches by 2021, including new concepts, with a resulting reduction in the average age of the range - a source of pricing power for the brands - to 3.5 years," the group says.
Copyright (c) 2019 CercleFinance.com. All rights reserved.