74.7 Billion Euro Income From Groupe PSA

74.7 Billion Euro Income From Groupe PSA

Groupe PSA's group revenue was 74.7 billion euros in 2019. According to the Groupe PSA statement, the company's group revenue in 2019 was 74 billion 731 million Euros in 2019, an increase of 1 percent compared to 2018. Automotive segment revenue reached 58 billion 943 million euros, an increase of 0.7 percent compared to 2018. The company's adjusted operating income increased by 11.2 percent to 6 billion 324 million euros, while the automotive adjusted operating income increased by 12.8 percent to 5 billion 37 million euros. Despite the strong profitability level of 8.5 percent, fluctuations in exchange rates and increases in raw material prices, it was achieved with positive product mix and further cost reduction. The adjusted operating margin of the group increased by 0.8 points compared to 2018 and reached 8.5 percent. While the expenses arising from other activities were 1 billion 289 million Euros in 2018, this year was 1 billion 656 million Euros. The group's net financial expenses fell to 344 million euros compared to 446 million euros in 2018. Consolidated net income increased by 289 million Euros compared to 2018 and reached 3 billion 584 million Euros. Net profit, group share reached 3 billion 201 million euros with an increase of 374 million euros compared to 2018. Banque PSA Finance's adjusted operating income increased by 7.8 percent to 1 billion 12 million euros. Faurecia's adjusted operating income fell 2.9 percent to € 1 billion 227 million. While the free cash flow of manufacturing and sales companies was 2 billion 745 million Euros, this amount was 3 billion 265 million Euros for the automotive division. Total inventory, including independent dealers and importers, decreased by 74 thousand compared to December 31, 2018, and became 606 thousand vehicles on December 31, 2019. The net financial position of manufacturing and sales companies IFRS 16 effect was 7 billion 914 million Euros on December 31, 2019, including Faurecia's acquisition of Clarion and DFG shares repurchase debt. While the dividend of 1.23 Euros per share is planned to be submitted for approval at the next shareholders' meeting, the dividend transaction date is determined as 21 May 2020 and the payment date is 25 May 2020. Expecting a 3 percent contraction in the European automotive market, a 2 percent contraction in Russia and a stable automotive market in Latin America in 2020, Groupe PSA aims to offer an average 4.5 percent automotive adjusted operating margin for the period 2019-2021. "Our qualified and dedicated teams once again made a difference. Thus, we achieved record results in 2019 with our agile, customer-oriented and socially responsible approach. We are ready for the energy transition. All teams, for customers," said Groupe PSA Chairman Carlos Tavares. focused on providing clean, safe and affordable transportation. Based on our business model and our warrior spirit that proves to be effective, we look forward to entering a new era with the amalgamation envisaged with FCA. "