Peugeot First-Quarter Revenue Rises 4.6% on Chinese Growth
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PSA Peugeot Citroen, Europe’s second-biggest carmaker, said first-quarter revenue rose 4.6 percent from a year earlier as deliveries increased in China.
Sales increased to 13.7 billion euros ($15 billion) from 13.1 billion euros a year earlier, the Paris-based company said Wednesday in a statement. That beat the 13.5 billion-euro average of seven analyst estimates compiled by Bloomberg. Peugeot, which said a week ago that it’s adding production in Europe to meet rising demand, raised its 2015 growth forecast for the region’s car market to 4 percent from 1 percent.