Rising steel costs make Peugeot 'lacklustre' CARMAKERS LONDON 1ST EDITION

Last year the group's operating profit fell 22 per cent to Euros 1.94bn (Dollars 2.31bn), on revenue up 0.3 per cent at Euros 56.3bn. Cash flow failed to cover investment for the first time since 2000. This was more than offset by Euros 340m higher raw material costs, Euros 97m to meet new Euro...

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Bibliographic Details
Published inThe Financial times (London ed.)
Main Author TOM BRAITHWAITE and JAMES MACKINTOSH
Format Newspaper Article
LanguageEnglish
Published London (UK) The Financial Times Limited 09.02.2006
Subjects
Alliances
Cash flow
Corporate profits
Emission standards
Folz, Jean-Martin
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Summary:Last year the group's operating profit fell 22 per cent to Euros 1.94bn (Dollars 2.31bn), on revenue up 0.3 per cent at Euros 56.3bn. Cash flow failed to cover investment for the first time since 2000. This was more than offset by Euros 340m higher raw material costs, Euros 97m to meet new European emissions regulations and falling sales in the most profitable markets. New steel contracts would impose another Euros 200m-Euros 250m hit this year, while emissions regulations would add a further Euros 250m.
ISSN:0307-1766