Groupe PSA has reached a record profitability level
Groupe PSA’s economic results place it among the most efficient European car manufacturers. The recurring operating margin of the automotive division is 6% in 2016.
The worldwide unit sales have increased by 5,8% in 2016 thus exceeding 3 million vehicles. For the third year in a row the Group’s sales increase, with contrasted results depending on the regions.
The Group thus has a solidity that allows it to deploy its ambitious new transformation plan named “Push to Pass”.
The Supervisory Board wants to address their congratulations to the Managing Board, its Chairman, Carlos Tavares, as well as to all the employees of the Group for the remarkable results achieved in 2016.
With “Push to Pass” Groupe PSA accelerates its product offensive and its international development.
The Group is proud of its products which are very successful among customers as shown by the recent Peugeot 3008, Citroën C3, Citroën Jumpy or Peugeot Partner commercial launches.
The Group is back in Iran with the signature of two joint-venture agreements: Peugeot with Iran Khodro and Citroën with SAIPA.
The Group also signed a joint-venture agreement with CK Birla at the beginning of 2017 to produce and sell vehicles and parts in India.
This year is especially marked by the agreement with General Motors that will lead to Opel/Vauxhall joining Groupe PSA. This is a huge opportunity and a real transformation project for the Group.
The company asserts its position as a reference car manufacturer
Groupe PSA is known for its commitment in terms of corporate social responsibility, as shown by its presence in the “Global 100 Most Sustainable Corporations in the World” index which gathers the companies from all sectors with the highest global performance (social, environmental and economic).
The Group’s values and skills serve a responsible economic model which creates shared and sustainable value.
Its technological landscape will be more diverse, with a next generation “plug-in hybrid” and electric offer made available by 2019. Approximatively 80 % of the “core models” will offer an electric range from 2023 onwards, adding to the reference combustion engines.
The dynamics and maturity of the social dialogue in the company have once again been shown by the signature of the new performance agreement, the “New Momentum for Growth”, signed by 5 unions out of 6, representing around 80 % of the employees.
Groupe PSA is transforming to become the preferred mobility service provider for its customers
The company is also at a fascinating turning point as it meets the new mobility uses of the customers. It creates more value while enlarging its customers base.
The newly created Mobility Services branch manages and steers all of these offers of tomorrow. These mobility and connected services, which provide sustainable, smart, safe and shared mobility solutions, are gathered under the Free2Move brand.
Thanks to the Business Lab, the Group can detect, experiment, and transform opportunities into new activities, especially in the Mobility and Digital domains. In order to do this it has implemented a venture capital device allowing it to acquire minority stakes.
Finally, a condition for the success of these transformations, the Group accelerates its digitalization on the whole value chain.