PSA Peugeot Citroen

摘要

FINANCIAL NEWS. Jan-Jun 2008. PSA Peugeot Citroen has said it is sticking to its operating profit margin target of 3.5% for 2008 as first-half earnings rose more than expected on the back of rigorous cost-cutting and it achieved a margin of 3.6%. Group recurring operating income in H1 2008 was {EUR}1,115m, a 32.4% increase. Most of this increase came from the automobile business, helped by the positive impact of the CAP 2010 growth and competitiveness programme which contributed savings of {EUR}882m. This more than offset the {EUR}461m rise in expenses due to raw materials, wages, exchange rates and R&D.