April 25, 2019 / 5:34 AM / a month ago

PSA quarterly revenue declines as sales collapse in Iran and China

PARIS, April 25 (Reuters) - French carmaker PSA Group said first-quarter revenue fell 1.1 percent, as sales continued to decline in China and were also impacted by the Peugeot maker’s withdrawal from Iran.

Revenue declined to 17.98 billion euros ($20.05 billion) in January-March from 18.2 billion a year earlier, the Paris-based carmaker said on Thursday.

$1 = 0.8966 euros Reporting by Laurence Frost; Editing by Sudip Kar-Gupta

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