PSA Group – Company Information
PSA Group – Company Overview
|Chairman of managing board||Carlos Tavares|
|Chairman of supervisory board||Louis Gallois|
|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)|
|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|
|Net financial expense||€(642)||€(960)|
|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”