Tuesday, April 5, 2016

The value of the day in Paris PSA Peugeot Citroën: the margin forecast disappoints – Le Figaro

(AOF) – PSA Peugeot Citroen falling 5.76% to 13.825 euros to accuse the second largest drop in the CAC 40. Investors are disappointed with the cautious outlook made by the French automaker during the presentation of its highly anticipated 2016-21 strategic plan “Push to Pass”. The group expects an annual operating margin of approximately 4% over the next three years before progressing to 6% in 2021. But in 2015, the margin had stood at 5%, a marked increase after 1% achieved on 2011-2015.

PSA justified this margin decline over the next three years by investing efforts to ensure a sustained growth. Over the period 2016-2018, the manufacturer expects a 10% growth of its turnover, up 3.2% on average per year and an acceleration of the second part of the plan with a target of 15% in 2019-2021 (+ 4.4% per year). Over the period 2001-2015, the average growth stood at 0.8%.

Peugeot intends to achieve these goals through a new strategic plan based on an extensive renewal products and the development of new professions. The manufacturer plans to launch during the period 26 new cars and eight new utilities, including eleven engines equipped with the growing success (seven and four plug-in hybrid electric). The group will also continue to differentiate its brands (Peugeot, Citroën, DS) and strengthen the services (car sharing, online sales, …).

The group does not forget its shareholders. After five white exercises, Peugeot plans to pay a dividend of 25% of its earnings

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