PSA_GROUP_REGISTRATION_DOCUMENT_2017

ANALYSIS OF THE BUSINESS AND GROUP OPERATING RESULTS IN 2017 AND OUTLOOK Analysis of consolidated annual results

ANALYSIS OF CONSOLIDATED ANNUAL 4.1. RESULTS

The Group's operations are organised around five main business segments described in Note 4 to the consolidated financial statements at 31 December 2017. Subsequent events are presented in Note 19 to the financial statements.

Group profit (loss) for the period

4.1.1.

31 December 2016

31 December 2017

Change

(in million euros)

Revenue

54,030

65,210 3,991

11,180

Recurring operating income As a percentage of revenue

3,235 6.0% (624)

756

6,1%

Non-recurring operating income and expenses

(904) 3,087 (238) (701)

(280)

Operating income

2,611

476

Net financial income (loss)

(268) (517)

30

Income taxes

(184)

Share in net earnings of companies at equity Profit (loss) from operations held for sale or to be continued in partnership* Consolidated profit (loss) for the period PROFIT (LOSS) FOR THE PERIOD ATTRIBUTABLE TO OWNERS OF THE PARENT

128

217

89

195

(7)

(202)

2,149

2,358

209

1,730

1,929

199

* Including "Other expenses related to the non-transferred financing of operations to be continued in partnership".

Group revenue 4.1.2.

The table below shows consolidated revenue by division:

31 December 2016

31 December 2017

Change 3,669 7,238 1,472 (1,199) 11,180

(in million euros)

Automotive Peugeot Citroën DS

37,066

40,735 7,238 20,182 (2,945) 65,210

Automotive Opel Vauxhall

-

Faurecia

18,710 (1,746) 54,030

Other businesses and eliminations*

REVENUE

* Including the activities of Banque PSA Finance not covered by the partnership signed with Santander Consumer Finance.

Peugeot Citroën DS (PCD) Automotive revenues were up 9.9% compared to 2016, mainly thanks to the favourable effect of product mix (+4.5%), of volumes and country mix (+4.9%) and of sales to partners (+1.5%) that more than compensates the negative impact of adverse exchange rate changes (-1.6%).

Opel Vauxhall (OV) Automotive revenues amounted to €7,238 M for the last 5 months of 2017. At constant exchange rates and perimeter (excluding OV), Group revenues were up 12.9% compared to 2015, year of reference of Groupe PSA strategic plan of profitable growth Push to Pass.

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GROUPE PSA - 2017 REGISTRATION DOCUMENT