In a European cycle downturn, limited global presence and high fixed-costs burn up Peugeot's cash.
No-moat-rated Peugeot reported a 12% increase in third-quarter 2017 auto division revenue, which excludes Opel/Vauxhall and Faurecia. However, auto division revenue assuming constant currency would have been up by 14%. The result was much stronger than we anticipated. We forecast full-year revenue to increase 5%. Year to date, including the strong third quarter, auto division revenue has increased 6% versus the same nine-month period last year. Even so, we think the market has gotten ahead of it...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.