PSA's H1 revenue down 34% YoY to €25.1B

Tuesday, 28. July 2020 07:39

Groupe PSA reported on Tuesday that its revenue totaled €25.1 billion in the first half of fiscal 2020, falling 34% compared to the same period a year ago.

Operating income dropped 81% year on year to €482 million in the first half of 2020, while net income stood at €595 million, down 68% on an annual basis. Meanwhile, the automotive division revenue landed at €19.6 billion, representing a 35.5% decline compared to the first half of 2019.

"The Group is also weathering this crisis thanks to the commitment of the teams, focused to deliver a clean, safe and affordable mobility for our customers. We are determined to achieve solid rebound in the second half of the year, while finalizing the birth of Stellantis before the end of Q1 2021," Chairman of the automaker's Managing Board Carlos Tavares noted in a statement.

Related Links: Peugeot S.A.
Breaking the News / MS