|Consolidated sales for the first quarter of 2000 totaled euros
11,641 million (FRF 76,360 million), an increase of 27.1% from the euros 9,158 million
(FRF 60,071 million) recorded in first quarter 1999. At comparable scope of consolidation,
the increase amounted to 24.3%.
Automobile Division sales rose 26.1% from the
year-earlier period to euros 9,965 million (FRF 65,369 million).
Worldwide sales of Peugeot and CitroŽn passenger cars and CKD units increased 21.1% to
750,300 units, with Peugeot sales up 18.3% and CitroŽn sales up 25.1%. This performance
reflects the continued success of the Peugeot 206, Peugeot 406, CitroŽn Berlingo and
Peugeot Partner, as well as strong initial demand for the CitroŽn Xsara Picasso
introduced in January. In a western European market that grew by 4.1%, sales of Group cars
and light commercial vehicles rose by 17.9% to 649,100 units. Outside western Europe,
sales totaled 101,200 units. This represents a gain of 46.6% from the year-earlier period,
which was heavily affected by the economic slowdown in a number of key markets.
The Automotive Equipment business increased its sales to outside companies by 42.4%
during the period, to euros 1,039 million (FRF 6,816 million). This growth reflects the
December 1999 acquisition of AP Automotive Holding Inc. At comparable scope of
consolidation, sales rose 17%.
The contribution of the Transportation business rose by 70.3% to euros 243 million (FRF
1,591 million), taking into account the acquisition of a controlling interest in KN Elan,
the German transportation and logistics subsidiary of KŁhne & Nagel. At comparable
scope of consolidation, Transportation sales rose by 11.5%.
Revenues from the finance companies, which mainly consist of interest on the financing
of sales, increased by 10.3% to euros 283 million (FRF 1,858 million). Banque PSA Finance
had total outstandings of euros 13.6 billion (FRF 89.6 billion) at March 31, 2000, up 21%
from the year before.
The contribution of the other businesses declined by 13.8% to euros 111 million (FRF
726 million). Excluding the first-quarter 1999 sales of SAMM and La Publicitť FranÁaise,
which were sold in 1999, the contribution decreased by 2.1% due to smaller delivery
volumes at PCI.
(April 28, 2000)