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PSA Peugeot Citroen
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With
its two broadline marques - Peugeot and Citroën - and a rich
automobile and industrial history, the Group has set three
objectives for the years ahead: 1) develop useful innovation focused
on protecting the environment, enhancing comfort and improving
safety; 2) increase sales, in part through stepped-up international
development; and 3) secure profitable growth to finance capital
investment from cash flow and remain independent.
In
2005, PSA Peugeot Citroën reported a 0.4 % increase in sales of
passenger cars and light commercial vehicles to 3,390,000 units,
representing a 5.4% share of the global market. Europe's second
largest carmaker with a 14.3% market share, the Group pursued its
international expansion, selling 1,030,000 vehicles (+ 8.4%) outside
Western Europe during the year.
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In addition to car manufacturing, the Group
includes:
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Faurecia, which manufactures automotive equipment, including
car seats, exhaust systems and other components. Faurecia is the
European leader and number two worldwide in most of its businesses.
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Gefco, which furnishes
transportation and logistics services, ranking number two in France.
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Banque PSA Finance, which federates
the Group’s finance companies.
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Peugeot Motocycles, the third-largest
European manufacturer of scooters and motorcycles in the 50 to 125
cc range.
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Peugeot Citroën Moteurs (PCM), which
sells engines and gearboxes to customers outside the Group.
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Process Conception Ingénierie (PCI),
which designs and builds industrial equipment for the Group and
other global carmakers.
PSA PEUGEOT
CITROËN
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(in number of vehicles)
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2001
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2002
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Worldwide sales
Worldwide production
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3,132,800
3,136,300
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3,267,500
3,262,100
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CONSOLIDATED NET SALES
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(in millions of euros)
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2001
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2002
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Automobile
Finance Companies
Transportation
and Logistics
Automotive Equipment
Other businesses
Inter-company
eliminations
Total PSA Peugeot
Citroën
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41,524
1,587
2,643
9,611
976
(4,678)
51,663
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43,951
1,700
2,646
9,866
1,003
(4,730)
54,436
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KEY CONSOLIDATED FINANCIAL RESULTS
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(in millions of euros)
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2001
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2002
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Sales
Operating margin
Income
before tax of fully-consolidated companies
Net income before minority interests
Net income
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51,663
2,652
2,647
1,681
1,691
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54,436
2,913
2,625
1,707
1,690
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FINANCING AND FINANCIAL SITUATION
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(in millions of euros)
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2001
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2002
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Working capital provided by operations
Gross capital expenditure
Stockholders’ equity
Net financial position of the manufacturing
and sales companies
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3,600
2,947
10,282
(511)
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4,298
2,802
10,984
594
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Workforce
PSA
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2001
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2002
198,600
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Consolidated
Sales PSA
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(in millions
of euros) |
1998 |
1999 |
2000 |
2001 |
2002 |
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Automobile Division |
29.270 |
32.733 |
37.436 |
41.524 |
43.951 |
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Automotive Equipment |
2.814 |
4.267 |
5.840 |
9.611 |
9.866 |
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Transportation |
547 |
1.761 |
2.329 |
2.643 |
2.646 |
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Finance Companies |
682 |
1.194 |
1.387 |
1.587 |
1.700 |
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Other businesses |
472 |
926 |
983 |
976 |
1.003 |
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Inter-company eliminations |
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-3.074 |
-3.794 |
-4.678 |
-4.730 |
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Total PSA
Peugeot Citroën
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33.758 |
37.807 |
44.181 |
51.663 |
54.436 |
source:PSA company reports
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