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Automotive Intelligence News

News of  August 01, 2000
.


 


PSA PEUGEOT CITROňN Consolidated Sales Up 18.2% To Euros 22.5 Billion at June 30, 2000
.

Paris, France - Consolidated sales for the first half of 2000 totaled Euros 22,490 million, an increase of 18.2% from the Euros 19,020 million reported in first-half 1999. At comparable scope of consolidation, the increase amounted to 15.9%.  

Automobile Division sales rose 16.2% from the year-earlier period to Euros 19,172 million.  

Worldwide sales of Peugeot and CitroŽn passenger cars and CKD units increased 11.9% to 1,448,100 units during the period, with Peugeot sales up 11.3% and CitroŽn sales up 12.7%. Interim sales volume was driven by the continued success of the Peugeot 206 and the CitroŽn Xsara Picasso, as well as by sustained market share gains in all the regions where Peugeot and CitroŽn vehicles are sold.  

In western Europe, where the market expanded by 2.3%, registrations of Group cars and light commercial vehicles rose by 12.8% to 1,240,300 units. The growth, which was the fastest of any leading carmaker in Europe, raised PSA Peugeot CitroŽn's market share by more than a point and confirmed its position as Europe's second largest automaker, with 13.4% of the car and commercial vehicle market, versus 12.2% at June 30, 1999. Outside western Europe, sales rose by 40.3% to 230,200 units, thanks to growth in Group registrations in the Mercosur countries (up 12.5%), central Europe (up 50% including Turkey), China and Iran.  

The Automotive Equipment business increased sales by 33.2% to Euros 2,894 million in the first half, reflecting the December 1999 acquisition of AP Automotive Holding Inc. Comparable sales were up 17.7%.  

Sales by the Transportation business rose 37.3% to Euros 1,159 million, taking into account the acquisition of a controlling interest in KN Elan, the German transportation and logistics subsidiary of KŁhne & Nagel. Comparable sales were up 20.8%.  

Revenues from the finance companies, which mainly consist of interest on the financing of sales, increased by 14% to Euros 663 million. Banque PSA Finance had total outstandings of Euros 13.6 billion at June 30, 2000, up 12.4% from the year before.  

Sales by the other businesses rose 4% to Euros 477 million. Excluding the first-half 1999 sales of SAMM and La Publicitť FranÁaise, which were sold in 1999, comparable sales were up 14.7%.  

Consolidated Sales*

(in millions of euros)

June 30, 2000

June 30, 1999

% Change
..

Automobile Division

19,172

16,493

+ 16.2 %

Automotive Equipment

2,894

2,173

+ 33.2 %

Transportation

1,159

844

+ 37.3 %

Finance Companies

663

582

+ 14.0- %

Other Businesses

477

459

+ 4.0- %

Inter-company eliminations

- 1,875

- 1,531

+ 22.5 %

Total PSA Peugeot CitroŽn

22,490

19,020

+ 18.2 %

*Figures in the table refer to the sales reported by each business, with inter-company sales eliminated in an aggregate amount. Until March 2000, each business reported sales net of its share of inter-company transactions.

Global Automobile Sales

(in number of vehicles*)
.

June 30, 2000
.

June 30, 1999
.

% Change
.

Western Europe

1,217,900

1,130,300

+ 7.8 %

Of which France

418,900

385,500

+ 8.7 %

Rest of world

230,200

164,100

+ 40.3 %

Total sales

1,448,100

1,294,400

+ 11.9 %

Of which Peugeot

854,000

767,100

+ 11.3 %

Of which CitroŽn

594,100

527,300

+ 12.7 %

Of which Cars

1,255,600

1,088,500

+ 15.4 %

Commercial vehicles

192,500

189,400

+ 1.7 %

 

*Assembled vehicles, disassembled components and CKD units 

(July 24, 2000)

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