PSA once again broke its record: 3.2 billion euros in net profit in 2019, up 13.2%. As for turnover, it remained stable (+ 1%) at 74.7 billion euros. This performance is the opposite of that of Renault, which fell into the red, a first for ten years.
Peugeot-Citroën has thus become " one of the most profitable car manufacturers in the world ", welcomed Carlos Tavares, the chairman of the management board for almost seven years. The group's operating margin fell from 5.9% to 8.5% in three years. In loss for twenty years, Opel Vauxhall, which joined the PSA group in 2017, shows a spectacular reversal and brings 1.1 billion euros in profits to the group's cash desks.
Read also: PSA sells less and prioritizes profitability
This success will benefit employees. Those of PSA in France will receive a global bonus, including participation, profit-sharing and an exceptional bonus, of at least 4100 euros. For their part, those of Opel Vauxhall will receive 600 euros. The constructor
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