PSA: turnover down 18.7% in 2020 but two billion euros in profit

2021-03-03T08:07:56.453Z

The group, despite the drop in sales, has managed to maintain its prices. PSA recorded a turnover down 18.7% in 2020, with a net profit of two billion euros, announced Wednesday its new-parent company Stellantis. Read also: FCA-PSA merger: European capitalism put to the test of the world With a turnover of 60.7 billion euros against 74 billion in 2019, and a margin of 6.1%, the group was strongly affected by the drop in sales but managed to maintain its prices, underl