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PSA Reports 5% Sales Growth
PSA Peugeot Citroen's first-quarter revenue advanced to €13.7 billion from €13.1 billion in the same period in 2014.
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PSA Peugeot Citroen's first-quarter revenue advanced to €13.7 billion from €13.1 billion in the same period in 2014.
Results were led by sharp gains in sales volume in Asia Pacific and the Middle East. PSA's sales slipped 1% in Europe and plunged 35% in Latin America and 86% in Eurasia.
The company expects overall market growth this year of 4% in Europe and 7% in China. It forecasts shrinkage of 10% in Latin America and 30% in Russia. The company reiterates that it intends to generate positive free cash flow of about €2 billion in 2015-2017.
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