PRESS RELEASEParis, 26 October 2016Volume growth thanks to Middle East Africa, ahead of product offensive
2016 Group cumulated revenue up 1.3% at €39.2 billion1at constant exchange rate
Market outlookFor 2016, the Group expects the automotive market to grow by about 6% in Europe and 15%in China, and to shrink by around 6% in Latin America and 15% in Russia.
Operational targetsThe Push to Pass plan, has set the following targets:- Reach an average 4% automotive recurring operating margin in 2016-2018, and target6% by 2021;-
Deliver 10% Group revenue growth by 20184vs 2015, and target additional 15% by20214.
2016 Group cumulated revenue up 1.3% at €39.2 billion1at constant exchange rate
Market outlookFor 2016, the Group expects the automotive market to grow by about 6% in Europe and 15%in China, and to shrink by around 6% in Latin America and 15% in Russia.
Operational targetsThe Push to Pass plan, has set the following targets:- Reach an average 4% automotive recurring operating margin in 2016-2018, and target6% by 2021;-
Deliver 10% Group revenue growth by 20184vs 2015, and target additional 15% by20214.