AutoBeta(AutoBeta.net)03/16 Report--

Recently, according to the 2018 results released by Peugeot-Citroen (hereinafter referred to as PSA), the global sales of PSA reached 3.878 million, up 6.8% from the same period last year, the group's revenue reached 74 billion euros, up 19% from the same period last year, and the recurrent operating profit was 5.69 billion euros, up 43% from the same period last year, with an operating profit margin of 7.7%. In addition, free cash flow reached 3.501 billion euros, of which net profit reached 3.295 billion euros, up 40 per cent from a year earlier. The group's PCD (Peugeot, Citroen and DS) automotive division had a recurrent operating profit of 3.617 billion euros, an increase of 21.9% year-on-year, and an operating profit margin of a record 8.4% for the automotive division of Opel and Vauxhall (Opel, Vauxhall). Recurrent operating profit reached 859 million euros and operating profit margin was 4.7%. Among them, the Vauxhall and Opel brands made profits for the first time in nearly 20 years in 2018.

It is understood that by 2021, PSA will launch 116 new cars, including new concept cars and many commercial vehicles. At the same time, PSA has set a new goal: by 2021, 50 per cent of the group's products will be electrified, and by 2025, the full range of products will be electrified and the first hydrogen fuel cell fleet will be put into commercial application.

In the future, PSA will open up new markets and enter the United States, Russia and India. Earlier, PSA formulated a 10-year plan to resell cars in the North American market, hoping to resume sales business in North America by 2026. The United States is the second largest new car market in the world after China. PSA hopes to return to the United States market as soon as possible to drive its global sales growth.

As the world's fourth largest new car market, PSA will once again enter the Indian car market. It is reported that Citroen will be the first product for PSA to enter the Indian market, while the first Citroen car produced in India will be launched before the end of 2021.

PSA also plans to return to Russia through the Opel brand. Russia used to be Opel's third largest car market in Europe, but Opel was withdrawn from Russia because of the sharp depreciation of the rouble. Now that the Russian market has recovered, PSA is planning to bring Opel back to the Russian car market.

In order to change the situation of PSA, the largest new car market in China, PSA said it is steadily advancing its electrification strategy, which will bring more local products that meet the needs of Chinese consumers based on core models, thus achieving recovery in China.

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