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Statistics
Operating margin sharply improved to
€20.2 million, reaffirming the company’s
position as a tier-one supplier to its main
customers. In addition, a series of quality
audits conducted during the year led to
ISO 9001:2000 certification for PCI and
its subsidiary SCEMM.
The company expects to see further
growth in 2003, led by the adaptation of
engines for a Japanese carmaker and the
consolidation of the Indian market.
PEUGEOT CITROËN MOTEURS (PCM)
PCM increased sales 2.2% to €110.1 million
from €107.7 million in 2001, despite the
challenging environment caused by the
decline in its customer base following
recent restructuring in the automobile
industry. The number of engines sold rose
6.8% to 39,150 from 36,676 in 2001.
PSA PEUGEOT CITROËN - MANAGING BOARD REPORT 59