PSA reports strong start to 2019
- July 25, 2019
- Posted by: Simon Wait
- Category: Industry News
The PSA Groupe has reported strong figures for the first half of 2019, with Groupe revenue recorded at €38.34m, operating income of €3,338m and consolidated net income of €2,048m, an increase of €335m compared to 2018
Carlos Tavares,chairman of Groupe PSA managing boardsaid, ‘Thanks to our focus on our strategic plan execution, we have delivered strong Free Cash Flow and Recurring Operating Margin in H1. We are ready for electrification and to embrace the next technological challenges. Our agility and aligned management team remain key assets to reach the targets of the Push to Pass plan.’
