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Groupe PSA 15.4% Rise in Sales Drives Revenue up 20.7%

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By Modupe Gbadeyanka

The 2017 financial year was a great one for automaker, Groupe PSA, which boasts of five leading car brands in the world; Peugeot, Citroën, DS, Opel and Vauxhall.

In its 2017 earnings, the group achieved historic results with 15.4 percent increase in its sales at 3.63 million vehicles sold in the period under review, while the revenue appreciated by 20.7 percent to €65.2 billion.

In 2017, group revenue amounted to €65,210 million compared to €54,030 million in 2016 up 20.7 percent. At constant 2015 exchange rates and perimeter, 2017 Group cumulated revenue was up 12.9 percent. PCD Automotive division revenue amounted to €40,735 million up by 9.9 percent compared to 2016.

This increase, according to the firm, was mainly driven by the product mix (+4.5 percent) and the volume and country mix (+4.9 percent) improvement linked to the worldwide success of the group’s new models that more than compensated the negative impact of exchange rates (-1.6 percent). OV Automotive division revenue amounted to €7,238 million in 2017.

Group recurring operating income amounted to €3,991 million, up 23.4 percent compared to 2016, while PCD Automotive recurring operating income grew by 33.3 percent compared to 2016 at €2,965 million.

This 7.3 percent record profitability level was reached despite raw material cost increases and exchange rate headwinds, thanks to a positive product mix and further cost reductions.

In addition, OV Automotive recurring operating income amounted to a €179 million loss in 2017.

Furthermore, group recurring operating margin excluding OV stood at 7.1 percent versus 6% in 2016 and the group recurring operating margin with OV stood at 6.1 percent.

Consolidated net income reached €2,358 million, an increase of €209 million compared to 2016, while the net income, group share, reached €1,929 million compared to €1,730 million in 2016.

It was gathered that consolidated sales in the Middle East & Africa region up a sharp 61.4 percent year-on-year at 618,800 units, of which 26,800 for the OPEL brand, while the group’s overall market share in the region came in at 11.6 percent and has steadily risen since 2015, on target with the Push to Pass plan objective of selling 700,000 vehicles by 2021.

Groupe PSA has continued its product offensive in the region, where it has successfully launched the new CITROËN C3, the new PEUGEOT 3008 SUV, and the new PEUGEOT Pick Up, which marks the brand’s history-making return to its legitimate place in the segment.

OPEL is in the midst of a product offensive in the region having recently launched the new Insignia and Crossland X and with the launch of the new Grandland X slated for early 2018.

For the DS brand, 2017 marked the development of a dealer network across the region ahead of the market launch of the DS 7 CROSSBACK in the coming months.

The Group continued to expand its manufacturing base, breaking ground on the Kenitra plant in Morocco, starting up local production in Kenya and Ethiopia, and signing a memorandum of understanding to set up a new plant in Oran, Algeria.

Furthermore, 7.3 percent Peugeot Citroën DS (PCD) Automotive division recurring operating margin was at a record level, while 7.1% of the Group recurring operating margin, excluding OV and 6.1 percent including OV with a Group recurring operating income was at €3,991 million.

In the period, the company recorded 11.5 percent increase of Net result group share and €1.56 billion positive operational free cash flow.

Commenting on the results, Chairman of Groupe PSA, Mr Carlos Tavares, stated that, “Peugeot Citroën DS outstanding results, making significant progress for the 4th year in a row, are the proof of our ability to deliver a profitable and sustainable growth.

“Our agile, customer focused and socially responsible approach is making the difference. The acquisition of Opel Vauxhall is a great opportunity to boost value creation.”

A dividend of €0.53 per share will be submitted for approval at the next Shareholders’ Meeting, the company said.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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inDrive Lagos, Abuja Top Drivers Get N30m Fuel, Shopping Vouchers

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inDrive Driver Rewards Campaign

By Modupe Gbadeyanka

Top drivers of a global mobility and urban services platform, inDrive, in Lagos and Abuja were recently rewarded with fuel and shopping vouchers worth N30 million through its Driver Rewards Campaign.

The promo was created by the company in response to rising fuel costs and increasing operational expenses. It is providing meaningful support to its driver community through this initiative, while celebrating their commitment and hard work for keeping Nigeria’s major cities moving every day.

The campaign, which started in March and will end in June 2026, involves distributing vouchers worth N30,000 each to 1,000 eligible drivers through a series of live raffle draws on inDrive’s digital platforms. This effort is designed to acknowledge and reward the most active drivers on the platform for their unwavering dedication and commitment to providing high-quality service to passengers.

The Country Lead for inDrive Nigeria, Mr Timothy Oladimeji, noted that the initiative underscores the organisation’s ongoing commitment to driver welfare and its mission to foster equitable opportunities within the mobility ecosystem.

Mr Oladimeji explained that the Driver Rewards Campaign is designed to ease some financial burdens while encouraging and celebrating drivers’ resilience, professionalism, and dedication to service.

“At inDrive, we understand the realities drivers face every day, especially as rising fuel prices continue to put pressure on their earnings. Our drivers are the backbone of our platform, and this campaign is our way of recognising their dedication and supporting them meaningfully.

“Through these rewards, we want to show that inDrive stands with drivers, values their contribution and remains committed to creating a fairer and more rewarding mobility ecosystem,” he said.

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inDrive Unveils International Social Initiative Against Bullying

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inDrive Cancel the School Trip campaign

By Modupe Gbadeyanka

A social initiative to encourage parents to pay closer attention to their children’s emotional well-being and create space for open conversations has been launched by a global mobility and delivery platform, inDrive.

It is based on inDrive’s Cancel the School Trip campaign, first launched in Kazakhstan in April 2026.

Encouraged by the significant public interest in the project, inDrive intends to roll out the initiative across other markets within its global presence, including Nigeria.

As part of the initiative, users taking morning rides to school received a push notification asking whether they wanted to cancel the trip after the ride had already started. The message appeared to be an app error, but in reality, it served as a communication trigger — a way to pull parents out of their daily routine and redirect their attention to their child’s emotional state.

School bullying remains one of the most widespread — and at the same time one of the least visible — issues affecting teenagers worldwide. According to UNICEF, millions of children regularly experience bullying, yet many never speak about it to adults.

“We need to talk to children more often. Not just ask How are you? But genuinely notice their emotional state, mood, and changes in behaviour. Sometimes, even a short conversation can help identify a problem a child may be afraid to talk about,” the Country Lead for inDrive Nigeria, Mr Timothy Oladimeji, stated.

The symbol of the campaign became the back seat of a car — a space where parent and child are alone together and can talk without distractions. The organisers believe there is not always a need to create entirely new communication rituals; sometimes, it is enough to pay more attention to moments that already exist in everyday life. Even a few minutes of conversation on the way to school can help a child feel heard and safe enough to share their concerns.

In addition to digital tools, installations shaped like car seats were placed across Almaty in shopping malls and at busy city intersections. As part of the initiative, an online platform with practical recommendations for parents was also developed together with child psychologists.

The platform includes materials on recognising signs of bullying, starting difficult conversations with children, and supporting them in challenging situations.

The campaign was followed by a roundtable discussion in Kazakhstan that brought together psychologists, parents, influencers, and representatives of the creative industry. Participants discussed why bullying often remains hidden, how teenage aggression is evolving and which communication approaches help build trust between adults and children.

A separate part of the discussion focused on how to talk to children about difficult emotions and experiences. According to psychologist Kseniya Lych, standard questions are often ineffective because children answer them automatically. Instead, prompts involving imagination and open-ended thinking tend to reduce tension and encourage dialogue.

The initiative received strong public attention and positive feedback from parents, psychologists and the professional community. As a result, inDrive is already planning to expand the campaign to other markets where it operates, adapting it to each country’s local context.

“We see that bullying is an equally painful issue across different countries and cultures. That is why we want to develop this initiative internationally and launch similar projects in other inDrive markets. For us, it is important not only to raise awareness about the problem, but also to help parents pay closer attention to their children’s emotional well-being and start conversations in time,” says Yevgeniy Gavrilchenko, co-author of the idea and Creative Lead at inLab by inDrive.

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FRSC Condemns Attack on Traffic Enforcement Team by DSS Official

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Shehu Mohammed FRSC Corps Marshall

By Modupe Gbadeyanka

The Corps Marshal of the Federal Road Safety Corps (FRSC), Mr Shehu Mohammed, has kicked against an alleged violent attack on the traffic enforcement team of the organisation by a motorist, who was later identified as a security operative.

In a statement signed by the Deputy Corps Commander for Public Education, Mr Osondu Ohaeri, in Abuja on Friday, it was claimed that the motorist was suspected to be an official of the Department of State Services (DSS).

Narrating the incident in the statement, the FRSC said on Thursday, May 21, 2026, its officials flagged down a Toyota Carina driver for a suspected traffic violation at about 3:20 pm, but he refused to stop and proceeded dangerously until he was eventually held up by traffic close to the Command in Idu, Abuja.

“Upon approach by the patrol team for routine checks of vehicle and driver documents, the offender became hostile, verbally aggressive, and resisted lawful enforcement procedures.

“Despite several tactical and professional attempts by FRSC personnel to de-escalate the situation, the offender escalated the confrontation by physically advancing toward officers and later drawing a pistol, which he fired twice within the vicinity of the Command.

“In the face of imminent danger to lives and property, FRSC personnel acted with remarkable restraint, professionalism, and tactical discipline to swiftly disarm the assailant without loss of life. One Marshal sustained minor bruises during the process,” the statement narrated.

It was disclosed that the suspect was immediately handed over to the Nigeria Police Force at Life Camp Police Station alongside the firearm, ammunition components, and the vehicle involved, with the matter transferred to the appropriate State Command for further investigation.

In the statement, Mr Mohammed praised his men for the courage, professionalism, and maturity displayed by them, saying he’s impressed with how they resisted provocation and ensured that the situation did not degenerate into chaos, despite growing public outrage at the scene.

He further stated unequivocally that no individual, regardless of status, rank, or agency affiliation, is above the law, emphasising that security personnel are expected to lead by example through compliance with established traffic regulations and respect for constituted authority.

He called on all security agencies to continue strengthening inter-agency cooperation, mutual respect, and operational discipline in the collective interest of national security and public safety.

“Firearms and official status must never be used as instruments of intimidation against law enforcement officers carrying out legitimate duties,” he stressed.

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