PSA Peugeot Citröen Dogged By Rising Cost Of Raw Materials

July 2006 | Company News Alert

PSA Peugeot Citröen continues to struggle. The French carmaker has just issued its third profit warning in 12 months after being caught of guard by the rising cost of raw materials. Peugeot's shares have taken a blow, plunging by as much as 8.3% after the company unveiled a 46% fall in first-half operating profit to EUR691mn. Peugeot's operating margin for the period - 2.4% - also fell short of the initial target of 2.8%. In light of ongoing price increases for raw materials, Peugeot has raised the forecast impact of this item to EUR450mn for the year, from the previous

If you would like to subscribe to Western Europe Automotives Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Western Europe Automotives Insight please click on the trial link below.