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Statistics
First-quarter 2003 sales
Consolidated sales for the first three months
of 2003 amounted to €13,841 million, a
3.0% increase from the €13,439 million
reported in first-quarter 2002.
Automobile Division sales rose by 3.1%
during the quarter to €11,222 million, while
worldwide unit sales were up 1.7% to
823,800 vehicles.
In the Central and Eastern Europe and Turkey
region, where overall demand has started to
recover, sales were up 31.5% to 46,000 units.
Sales in Latin America declined 10.8% to
26,900 units. In Brazil, sales retreated 8.5%
to 15,200 units, in line with the market, but
market share rose to 4.9% from 4.5% in the
prior-year period.
exhaust systems, sales were up 10.7%,
reflecting sustained demand for Faurecia’s
products, particularly car seats.
Sales by the other businesses amounted to
€218 million, versus €238 million in firstquarter
2002.
In Western Europe, where demand for
passenger cars and light commercial vehicles
contracted by 2.6% in the first quarter,
PSA Peugeot Citroën increased registrations
by 2.5%, driving further gains in market
share, to an aggregate 16.4% from 15.5%
at March 31, 2002. Compared to the prioryear
period, Group market share increased
in France (35.2%, versus 33.9%), Spain
(23.3%, versus 22.3%) and Germany (5.9%,
versus 5.5%), as well as, to a greater extent,
in Italy (11.8%, versus 9.2%) and the rest of
Europe (16.3%, versus 14.9%).
Unit sales in Western Europe (i.e., vehicles
invoiced to dealers) rose by 1.4% during the
period to 660,000 units.
Outside Western Europe, first-quarter sales
increased by 2.9% to 163,800 units.
Demand continued to surge in China, rising
94% year-on-year, while Group sales climbed
120.6% to 26,500 units. Market share
reached 7.2% at March 31, 2003.
The finance companies reported a 3.6%
increase in revenues, to €431 million, while
Banque PSA Finance’s total loans outstanding
rose 6.6% to €18.9 billion. A total of
220,700 new loans were originated during
the quarter, up 7% from the prior-year period.
Sales by the transportation and logistics
business rose 6.8% to €695 million from
€651 million at March 31, 2002.
The automotive equipment business reported
sales of €2,582 million, versus €2,391 million
in the prior-year period. Excluding the impact
of lower prices for the catalysts used in
PSA PEUGEOT CITROËN - MANAGING BOARD REPORT 119