PSA Group – Company Overview
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| 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”