Peugeot 2016 Results Show Continued Turnaround Success; Maintaining EUR 11 FVE
No-moat French automaker PSA Peugeot Citroen reported 2016 earnings per share of EUR 1.70, an impressive increase of EUR 0.66 on last year's EUR 1.04. French companies like Peugeot disclose full financial statements only every six months. Excluding special items, we calculate Peugeot's EPS would have been EUR 2.18, compared with EUR 1.58 for full-year 2015 and the consensus EPS of EUR 2.09. However, the market is well aware of the turnaround and currently trades the shares at a very rich 68% pre...Peugeot is an automobile manufacturer (cars and light commercial vehicles), supported by two brands: Peugeot and Citroen. Co.'s activities are divided into four main segments: Automobile (Co. designs, manufactures and markets passenger cars and light commercial vehicles under Peugeot and Citroen brands), Finance (Co. provides retail and wholesale financing to customers and dealer networks), Automotive equipment (Co. produces Interior Systems, Automotive Seating, Automotive Exteriors and Emissions Control Technologies) and Other businesses (Co. produces scooters).
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