Groupe PSA PEUGEOT company profile Capitalfr - Groupe PSA (PEUGEOT) company profile - Capital.fr

(AOF) – Key points

First European manufacturer and sixth in the world, born in January 2021 from the merger between and Fiat Chrysler;

– Global positions with 5.9 million vehicles sold and a strong presence in Europe, North and South America;

– Turnover of € 134 billion – under the Peugeot, Citroën, DS, Opel Vauxhall brands for Peugeot and Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Lancia and Maserati for FCA;

– Capital controlled by three reference shareholders Exor for 14.4 %% each, EPF / FFP for 7.2%, BPI France for 6.2% and Dongfeng for 5.6%, John Elkann being chairman and Robert Peugeot vice- chairman of the 11-member supervisory board, Carlos Tavares chairing the management board;

– Solid financial position with net debt rated BBB.

Stakes

– Execution of the “Stellantis” merger; annual synergies in excess of € 5 billion, implemented from the 1st quarter of 2021, industrial refocusing on 2 platforms bringing together 2/3 of vehicles sold,

– Innovation strategy articulated around meeting customer expectations, reducing the impact on the environment and the attractiveness of vehicles:

– 2 common production platforms, reduction in vehicle weight,

– open innovation via scientific partnerships within the StelLab network,

– Environmental strategy in 4 points: innovation and sustainable mobility, responsible purchasing, support for local communities, decarbonisation of products and industrial processes (at PSA, 40% of the R&D budget devoted to reducing CO2 emissions by users and electrified versions for 50% of models in 2021 and 100% in 2025).

Challenges

– Sales recovery and profitability of the ex-FCA in Europe

– Impact of the pandemic: sales decline of 19% for PSA and 20% for FCA, stable net income for FCA (Fiat Chrysler Automobiles) and € 2.2 billion for PSA, operating margin of 4.3% for FCA and 7.1% for Peugeot;

– Response to the pandemic: cost savings and digital investments;

– 2021 objectives of an operating margin of 5.5 to 5.7% in markets rebounding by 10% in Europe, 8% in North America, 20% in Latin America, 5% in Russia and 5 % in China and 3% in India & Asia-Pacific and Africa & Middle East;

– Exceptional dividend of € 0.32.

AOF – LEARN MORE

Key points

First European manufacturer and sixth in the world, born in January 2021 from the merger between and Fiat Chrysler;

– Global positions with 5.9 million vehicles sold and a strong presence in Europe, North and South America;

– Turnover of € 134 billion – under the Peugeot, Citroën, DS, Opel Vauxhall brands for Peugeot and Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Lancia and Maserati for FCA;

– Capital controlled by three reference shareholders Exor for 14.4 %% each, EPF / FFP for 7.2%, BPI France for 6.2% and Dongfeng for 5.6%, John Elkann being chairman and Robert Peugeot vice- chairman of the 11-member supervisory board, Carlos Tavares chairing the management board;

– Solid financial position with net debt rated BBB.

Stakes

– Execution of the “Stellantis” merger; annual synergies in excess of € 5 billion, implemented from the 1st quarter of 2021, industrial refocusing on 2 platforms bringing together 2/3 of vehicles sold,

– Innovation strategy articulated around meeting customer expectations, reducing the impact on the environment and the attractiveness of vehicles:

– 2 common production platforms, reduction of vehicle weight,

– open innovation via scientific partnerships within the StelLab network,

– Environmental strategy in 4 points: innovation and sustainable mobility, responsible purchasing, support for local communities, decarbonisation of products and industrial processes (at PSA, 40% of the R&D budget devoted to reducing CO2 emissions by users and electrified versions for 50% of models in 2021 and 100% in 2025).

Challenges

– Sales recovery and profitability of the ex-FCA in Europe

– Impact of the pandemic: sales decline of 19% for PSA and 20% for FCA, stable net income for FCA (Fiat Chrysler Automobiles) and € 2.2 billion for PSA, operating margin of 4.3% for FCA and 7.1% for Peugeot;

– Response to the pandemic: cost savings and digital investments;

– 2021 objectives of an operating margin of 5.5 to 5.7% in markets rebounding by 10% in Europe, 8% in North America, 20% in Latin America, 5% in Russia and 5 % in China and 3% in India & Asia-Pacific and Africa & Middle East;

– Exceptional dividend of € 0.32.

How electricity is reconfiguring the sector

2020 will have marked a real take-off in sales. In Western Europe, the volumes of 100% electric and plug-in hybrid cars have doubled, reaching more than 1 million units. They represent 10% of the market, against 3.9% in 2019.

In mid-December, Tesla’s stock market value was higher than those of Toyota, Volkswagen, Daimler, BMW, General Motors, Ford, Fiat Chrysler, PSA and Renault combined. At $ 570 billion, Tesla’s valuation was three times that of Toyota ($ 199 billion) and six times that of Volkswagen ($ 91 billion).

Another important development: several young Chinese start-ups operating in the electric sector, which did not exist five years ago, have a high market capitalization.

collected by Addictips