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Opel Acquisition Boosts PSA’s Revenue 42%
PSA Group reports a 42% jump in revenue to €18.2 billion ($22.2 billion) in the first quarter, thanks to the impact of its Opel acquisition last August.
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PSA Group reports a 42% jump in revenue to €18.2 billion ($22.2 billion) in the first quarter, thanks to the impact of its Opel acquisition last August.
Revenue for the company’s legacy Citroen, Peugeot and DS brands grew 13% to €10.2 billion ($12.5 billion) in January-March. The Opel and Vauxhall brands contributed €4.8 billion in revenue.
PSA’s overall unit sales for the period surged 44% to 1.05 million vehicles worldwide. The group reports gains everywhere it does business: China, Eurasia, Europe, India/Pacific, Latin America and Middle East/Africa.
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