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PSA/Peugeot-Citroen could reach its main recovery goal early, its chief financial officer, Jean-Baptiste de Chatillon, said today, as the French carmaker's shares rejoined the benchmark CAC-40 index after a two-and-a-half-year absence.
PSA will "go after the 2 percent operating margin objective as soon as possible," de Chatillon said, before ringing the opening bell at the stock exchange in Paris.
A weaker euro and cheaper raw materials constitute "a more favorable alignment of the planets" than was assumed when PSA pledged last year to restore auto-division profitability to a 2 percent margin by 2018, the finance chief said.
http://europe.autonews.com/article/...g-margin-target-earlier-than-planned-cfo-says
PSA will "go after the 2 percent operating margin objective as soon as possible," de Chatillon said, before ringing the opening bell at the stock exchange in Paris.
A weaker euro and cheaper raw materials constitute "a more favorable alignment of the planets" than was assumed when PSA pledged last year to restore auto-division profitability to a 2 percent margin by 2018, the finance chief said.
http://europe.autonews.com/article/...g-margin-target-earlier-than-planned-cfo-says
