The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

PSA Group – Company Information

0

PSA Group – Company Overview

2016-PSA-Group
Company PSA Group
Headquarters Paris, France
Chairman of managing board Carlos Tavares
Chairman of supervisory board Louis Gallois
Industry Automotive
Type Public Company
Founded 1976 (as PSA Peugeot Citroën)
Euronext stock symbol UG
Sales and revenue €54,676 million EUR (2016)
Operating income €1,976 million USD (2015)
Net financial expense €(642) million USD (2015)
Employees 184,107 (2015)
Website http://www.psa-peugeot-citroen.com/
IR contact number +33 (0)1 40 66 45 57

PSA Group makes automobiles, automotive parts, motorcycles (21%), as well as providing financing and logistics. The French automobile company Peugeot S.A. acquired a 38.2% share of Citroën in 1974.

Two years later – when Citroen became bankrupt – Peugeot increased their stake of Citroën to 89.95%. Following the acquisition the company became known as PSA Peugeot Citroën.

In 1978 PSA Peugeot Citroën acquired Chrysler Europe – replacing the Chrysler brand with the Talbot brand. In 1980 Talbot and Peugeot merged – cars were sold under the Peugeot marque.

In 1992 a joint venture was set up with Dongfeng Motors to assemble Citroën ZX models in China – in Wuhan and Xiangyang.


PSA Group – Financial Results

Key figures (in millions of EUR) 2015* 2014*
Sales and revenue €54,676 €51,592
Recurring operating income €2,733 €797
Operating income €1,976 €124
Net financial expense €(642) €(960)
Total assets €49,110 €61,212
Cash and cash equivalents at beginning of period €8,427 €2,603
Cash and cash equivalents at end of period €10,453 €893

*For the years ended December 31, 2015 and 2014

Source: “PSA Group – 2015 Annual Report”


PSA Group – Live Stock Market Data