psa peugeot citroen

Ο γαλλικός όμιλος PSA Peugeot Citroen γίνεται η πρώτη αυτοκινητοβιομηχανία που θα ανακοινώνει τα νούμερα της πραγματικής κατανάλωσης των μοντέλων της, και όχι αυτά των εργαστηριακών δοκιμών NEDC.

Η αρχή θα γίνει από την επόμενη άνοιξη με την PSA να σχεδιάζει να ανακοινώνει, όχι μόνο την πραγματική κατανάλωση του μοντέλου, αλλά και τις εκπομπές ρύπων που θα παράγουν τα αυτοκίνητά της στον πραγματικό κόσμο. Η ευρωπαϊκή ένωση θέλει να ισχύσουν τα νέα τεστ δοκιμών σε πραγματικές συνθήκες (RDE) για όλους τους κατασκευαστές από το 2017, με την PSA να τονίζει πως κανένα αυτοκίνητό της δεν διαθέτει το οποιοδήποτε λογισμικό ή συσκευή που χειραγωγεί τις εκπομπές ρύπων όταν το μοντέλο της υπόκειται σε επίσημη μέτρηση ελέγχου των εκπομπών του, όπως έκανε η VW.

Στις σχετικές ειδήσεις η PSA ανακοίνωσε αύξηση 3,2% στα έσοδά της κατά τη διάρκεια του 3ου τριμήνου, καθώς οι ισχυρές πωλήσεις στην Ευρώπη, αντιστάθμισαν την επιβράδυνση της ζήτησης στις αναδυόμενες αγορές. Η PSA είχε έσοδα 12,39 δισ. ευρώ, με την εταιρεία να μην δίνει στοιχεία για την κερδοφορία τριμήνου.

Δελτίο Τύπου

PSA takes the initiative to publish real-world fuel economy figures

The plethora of recent reports on emissions testing has underlined the importance of compliance procedures and their proper application. In this context, the Chairman of the Managing Board of PSA Peugeot Citroën asked the Group’s engineering teams to carry out verifications in this area and make recommendations for improvement.

The Group conducted an in-depth review of its situation with regards to emissions and fuel efficiency.

Regarding emissions, PSA confirms that its vehicles have never been fitted with any software or device that detects emissions testing and triggers a pollution treatment system, including for nitrous oxide (NOx), that is inactive in normal driving conditions. The Group stresses that its vehicles are compliant and that 4,300 vehicles were selected at random off its production lines in 2014 to verify compliance with type approval.

PSA is the first carmaker to have extended “BlueHDi” Selective Catalytic Reduction (SCR) technology across all its diesel Euro6 passenger vehicles. This exhaust treatment system, for which PSA holds around 100 patents, is recognized by numerous publications as being the most effective NOx treatment technology[1]. PSA’s experience in this area and the investments it has already made to develop this technology put the Group on track to meet the demands of the new WLTP standards, set to be introduced in 2017. In the same vein, PSA invented the particulate filter 11 years before it became a legal requirement for all carmakers with the introduction of the Euro 5 standard in January 2011. For information, in the first half of 2015, sales of diesel vehicles accounted for 60.3% of PSA’s sales in Europe and 41.9% worldwide.

Regarding fuel efficiency, PSA emphasizes its leadership in the field, which is underpinned by its recent technological advances such as the EB PureTech gasoline engine (voted engine of the year in 2015 in its category), Blue HDi diesel technology, high-performance automatic transmissions, and lighter platforms. The current European approval test NEDC[2], which dates from 1992, is widely recognized as not reflecting real-world driving. Like any laboratory test, it gives rise to optimizations, including at PSA, which the regulators are aware of but which have been criticized by independent bodies and other observers. These optimizations, including unequal electrical energy balance (battery charge levels, alternator use, etc.), will no longer be accepted by the new test (WLTP[3]) currently under discussion at the European level. PSA stresses that it fully supports the introduction in 2017 of this new standard (WLTP and RDE[4]), which more accurately represents real-world conditions.

Committed to maintaining its customers’ trust, PSA Peugeot Citroën takes the initiative to:

Publish real-world fuel economy figures for its main vehicles as soon as possible, with the process overseen by an independent body; Adopt technical measures to anticipate the future WLTP procedure, starting with implementing the “zero” electrical energy balance for type approvals on any new vehicle/engine.

[1] Source: The International Council on Clean Transport Report – September 2015

[2] New European Driving Cycle

[3] Worldwide harmonized Light vehicles Test Procedure

[4] Real Driving Emissions

2015 Third-quarter revenue

Group revenue of €12.4 billion, up 3.2% year-on-year, with a 1.0% increase in the Automotive Division New vehicle volumes up 6.1% in Europe Ahead of the plan to restore economic fundamentals

In the third quarter of 2015, consolidated revenue totalled €12,390 million, up 3.2% compared with third-quarter 2014. Automotive Divisionrevenue, excluding the contribution of the Chinese joint ventures, amounted to €8,052 million for the period, up 1.0% year-on-year. New car revenueincreased by 2.6%, driven in particular by a 1.2% increase in net price and a 0.8% positive impacts from both volumes and family mix.

Pro forma Automotive Division revenue[1], which includes the Group’s interest in the Chinese joint ventures, represented €9,134 million, a slight improvement on third-quarter 2014.

Sales volume fell by 4.3% overall in the third quarter of 2015, but rose by 0.8% excluding China.

In Europe, sales growth accelerated (representing 6.1% in the third quarter versus 2.9% in the first half), driven by increased market demand and our successful range of products. In parallel, the Group pursued its strategy to improve price positioning for the Peugeot, Citroën and DS brands and its efforts to increase productivity.

In Asia, following the slowdown in the Chinese market, the Group adjusted its inventory in the third quarter. Sales fell by 17%, while deliveries decreased by a slight 3%.

In Latin America and Eurasia, the Group is pursuing measures to rightsize fixed costs in order to reach breakeven by 2017[2]. Sales declined by 23% and 45% over the period, in markets that were also significantly down, by 13% and 27% respectively.

In Middle East and Africa and India-Pacific regions, sales decrease by 7% and 24%, but the Group’s year-to-date sales in these regions were still up by 14% and 15% respectively.

Total inventory (excluding China but including independent dealers) at end-September 2015, stood at 382,000 vehicles, 11,000 fewer than at end-September 2014.

Faurecia reported revenue of €4,749 million in the third quarter, a year-on-year increase of 8.3%.

Banque PSA Finance’s revenue, accounted for on a 100% basis, totalled €394 million[3] in the third quarter, down €44 million versus the third quarter 2014.

Commenting on the publication of the third-quarter revenue figures, Jean Baptiste de Chatillon, PSA Peugeot Citroën’s Chief Financial Officer, said: “The whole Group is committed to the full execution of the “Back in the Race” plan, and the result of that commitment, despite a more difficult economic environment in the third quarter, is a real achievement that gives us confidence about reaching our targets.”

Market outlook

In 2015, the Group expects automotive demand to expand by 8% in Europe and approximately 3% in China but to contract by around 15% in Latin America and 35% in Russia.

The Group does not change its medium-term operational outlook during the year

The Group aims to generate operating free cash flow of €2 billion over the period 2015-2017. It is also targeting an operating margin[4] of 2% for the Automotive Division in 2018, with the objective of reaching 5% over the period of the next medium-term plan, covering 2019-2023.

Financial calendar

24 February 2016: 2015 annual results

[1] Pro forma revenue including the contribution (50%) of Chinese joint ventures.

[2] Recurring operating income.

[3] On an IFRS basis, Banque PSA Finance’s revenue totalled €64 million in third-quarter 2015, reflecting the application of IFRS 5 and the deconsolidation of the UK and France joint ventures.

[4] Ratio of recurring operating income to revenue.