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Peugeot Q1 revenue rose 4.9 pct as new models offset forex impact
April 26, 2017 / 5:45 AM / 7 months ago

Peugeot Q1 revenue rose 4.9 pct as new models offset forex impact

PARIS, April 26 (Reuters) - French carmaker PSA Group’s first-quarter revenue rose 4.9 percent, the maker of Peugeot, Citroen and DS models said on Wednesday, as new models helped offset the effect of weak sales growth and a negative exchange-rate impact.

Revenue rose to 13.63 billion euros ($14.92 billion) from 13 billion a year earlier, the Paris-based company said. Revenue at the core automotive division rose 2.5 percent to 9.02 billion euros.

PSA also lifted its full-year market outlook to a 1 percent expansion in Europe and 2 percent in Latin America, having previously forecast flat demand in both regions. ($1 = 0.9139 euros) ($1 = 0.9137 euros) (Reporting by Laurence Frost, Editing by Dominique Vidalon)

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