The first quarter of Psa Peugeot Citroen is on file, which closed with an increase in turnover of 1,9% on an annual basis to 13,3 billion despite the unfavorable effects of exchange rates. The French automotive group's sales grew by 7,7% thanks to the good performance of its two largest markets, Europe (+16%) and China (+18,3%). The Auto division revenue grew 2% to 8,9 billion.
As regards 2014, Psa Peugeot Citroen believes that the European car market will grow by around 3% in Europe, 10% in China, but will decrease by 7%. The group's shareholders' meeting is meeting today to approve the 3 billion euro capital increase.
