The French automotive group PSA, maker of Peugeot and Citroën, announced today that its turnover in the third quarter of the year was 14.988 million euros, up 31.4% explained partly because it integrates for the first time 2 months of the newly acquired German brand Opel Vauxhall.

The German school, acquired last summer, contributed 2,789 million euros to the group’s sales in August and September, PSA said in a statement.

So far this year, the automobile manufacturer’s turnover stood at 44.153 million euros, up 12.7% over the same period in 2016.

The group said that in the third quarter sales of its historic brands, Peugeot, Citroën and DS, reached 8,418 million euros, up 11.6%, a rise attributed to the good reception of the markets to their new models , while sales to partners rose 2.7%, which offset the negative impact of the exchange rate, which was 2.3%.

In a context in which it expects world sales in the automotive sector to grow by 3% in 2017, PSA aims to achieve a current operating margin of more than 4.5% in its automobile division in 2016-2018 and one increase of 10% of its sales between 2015 and 2018, to reach 15% in 2021.

By Efe – Paris – 10/25/2017 (Translation Soft)