Peugeot Reports Mixed 3Q Revenue Results; EUR 16 FVE Unchanged
No-moat Peugeot reported a 0.8% increase in third-quarter revenue for the Peugeot Citroen DS automotive division, but excluding negative currency translation, PCD revenue would have been up 3.7%. The year-over-year increase in revenue was impressive, considering a 26.9% PCD worldwide unit volume drop to 495,000 units versus 678,000 units last year. A major portion of the volume drop was attributable to the suspension of Iranian production.Including the Opel Vauxhall acquisition, the company rep...
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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