The document provides a summary of PSA Peugeot Citroen's sales and financial results for Q3 and the first 9 months of 2008. Key points include:
- Automotive sales declined 7.1% in Q3 due to an 8.6% drop in volumes, with a particularly sharp 12.8% decline in Western Europe.
- The company maintained a strong balance sheet with €4-6 billion in excess cash and no immediate bond maturities.
- Banque PSA Finance continued stable sales and successfully passed through increased financing costs.
- Full year 2008 group recurring operating margin is expected to be around 1.3%.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
1. October 2008 1
Q3 & 9 months 2008 October 24, 2008
1
Sales and Revenues
2. Key highlights
Strong balance sheet: a key asset to face the crisis
An unleveraged Group
A recurring excess cash position between €4-6bn
A robust and prudent Banque PSA Finance
Automotive: top line contraction due to market drop in Q3 2008
Q3 Automotive sales -7.1% with volumes down 8.6%,
Western Europe -12.8%
Market share maintained in Western Europe at 13.8%
CAP 2010 actions continue to deliver
Specific action plans launched
Significant production cuts across Europe
Non renewal of temporary employees
Acceleration of cost reduction initiatives
October 2008 2
3. Key brand highlights in first 9 months
PSA market position: underlying strengths confirmed
Market share maintained in Europe 18 countries at 13.8%
Leadership in low emission vehicles: 23% market share in vehicles
<130g CO2/km
LCV: leadership reinforced with market share up to 19.5% vs 18.5%,
built on new model range notably Berlingo & Partner
Good momentum of new model announcements: Citroën C3 Picasso,
Peugeot Prologue
Peugeot & Citroën: success of new models confirmed
Successful launching of C5: worldwide sales up 51%
C4 Picasso leader in the compact MPVs segment in Europe
308 & 307 up 10% with record sales in September
207 & 206 remains leader in its segment in Europe
107 & C1: worldwide sales up 6.7%
Emerging markets: contrasted situation
China: registrations down 6%. Market decline in Q3
Mercosur: 7.2% of market share. Strong growth in Brazil, registrations +33%
Russia: PSA outperformed the market with registrations up 63%
October 2008 3
4. Q3 and 9 months sales and revenues
Rapid decline in Q3 markets leads to drop in Q3 Automotive sales
Faurecia: slightly up as growth in Latin America more than
offsets decline in Europe, stable activity in depressed US market
Gefco: international development strategy delivering growth
Banque PSA Finance: sustained sales and successful pass
through of increased financing costs
Change 9 month 9 month Change
Q3-07 Q3-08
In €m Q3-08/Q3-07 07 08 9m-08/9m-07
Automotive 10,964 10,184 -7.1% 35,134 34,687 -1.3%
Faurecia 2,815 2,863 1.7% 9,327 9,464 1.5%
Gefco 835 873 4.6% 2,632 2,778 5.5%
Banque PSA Finance 499 534 7.0% 1,473 1,594 8.2%
Other businesses
(1,089) (1,153) 6.0% (3,724) (3,923) 5.3%
and intra-company eliminations
Total sales and revenues 14,024 13,301 -5.2% 44,842 44,600 -0.5%
October 2008 4
5. Worldwide slowdown in 2008 market trends
Quarterly market trends 2008 / 2007
38%
29% 28%
25%
19% 18%
12%
8%
-3% -3% -4%
-11%
Europe 18 Russia Mercosur China
Q1 Q2 Q3
October 2008 5
6. New car Q3 sales and revenues down 8.2%
In €m
Sharp decline in Western European volumes -12.8%
Mercosur volumes +11.2%, Russia +66.9%
Successful new models support sales in weak environment
Price increases continue
Volume Product mix Pricing Currency Country mix Other
(incl. CKDs)*
8,055
+1%
+1.2% 7,398
-0.7% -0.3%
-9% -0.4%
-8.2%
Q3 2007 Q3 2008
* Excluding Chinese DPCA JV
October 2008 6
7. New car 9 months sales and revenues down 0.3%
In €m
9 months sales flat following sharp decline in Q3:
Western Europe volumes in first 9 months -5.1%
Mercosur +24.2%, Russia +60.4%
Positive pricing trends continue
Volume Product mix Pricing Currency Country mix Other
(incl. CKDs)*
25,692 +1.3%
+1.1% 25,604
+0.9%
-1% -0.2%
-2.4%
-0.3%
9 months 9 months
2007 2008
* Excluding Chinese DPCA JV
October 2008 7
8. Limited Q3 inventories increase since
June 2008 despite market drop
Immediate actions launched from July to tackle inventory rise
Q3 vehicle production reduced by 60,000 vs 2008 plan
Independent dealership inventory reduced to Q3 2007 level
31/12 30/06 31/12 30/06 30/09
30/09
In thousand units
2006 2007 2007 2008 2008
2007
Manufacturer inventory 228 267 229 215 296 320
Proprietary dealership inventory 59 62 57 60 70 71
Group inventory 287 329 286 275 366 391
Independent dealership inventory 333 290 280 329 302 286
Total 620 619 566 604 668 677
October 2008 8
9. PSA Peugeot Citroën’s strong Balance Sheet
is a key asset
A recurring excess cash position between €4-6bn
€5.3bn at the end June 2008
No immediate bond maturities:
2010 €0.3bn, 2011 €1.6bn, 2033 €0.6bn
Undrawn credit facilities of €2.4bn
€14bn of equity, €6bn of debt
An unleveraged Group
October 2008 9
10. A robust & conservative
Banque PSA Finance
Undrawn credit facilities €6bn
Successful €1bn securitization by
Banque PSA Finance in July 2008 €2.0bn
€2.0bn €2.0bn
undrawn
undrawn undrawn
Solvability ratio >10.5% in 2008 credit
credit credit
facilities
facilities facilities
vs regulatory requirement
of 8% (Cook ratio)
Extensive undrawn credit
facilities and liquidity reserves, 2010 2012 2014
Maturities
with no immediate maturities
Diversified sources of refinancing Diversified sources of refinancing – in €bn
at June 30, 2008
10.1
9.3
An independent 3.8
& prudent financing 2.9
2
providing adequate
headroom Equity Other Bank Capital Securitization
& debt liabilities facilities markets
October 2008 10
11. A prudent credit activity
Instalment sales account
for majority of credit business
Leasing activity with limited residual
value risk
By product* (new + used vehicles)
BPF has no buyback obligations
(Held at PSA Group level €2.9bn*)
Long-term
A selective approach in risk selection rental
and product development: cost of risk 24%
benchmark of the industry
Instalment
Conservative approach to client financing sales
Leasing
Centralized and experienced 62%
14%
credit evaluation
Efficient & reactive credit collection
minimises defaults
Specific action plans in the UK & Spain
to control and minimise credit risk
Ability to sustain the commercial activity at the same pace
* (as at June 30, 2008)
October 2008 11
12. Q4 2008 market outlook: significant slowdown in
emerging countries with a further sharp drop in Europe
Quarterly market trends 2008 / 2007
+10%
23%
18%
6%
Europe 18 flat
Growth regions
-3% -3%
-11%
c.-17%
-8%
Q1 Q2 Q3 Estimated Q4
Full Year 2008 PSA volumes* expected around -3.5%
* Assembled vehicles & CKDs
October 2008 12
13. Exceptional action plan in Q4 2008 to prepare
for 2009
CAP 2010 Amplify programme & initiatives
Continue price increase roll out
Pricing
Massive cuts concentrated in Q4
Production
Full Year 2008 Group Recurring Operating Margin
expected at around 1.3%*
* with current market estimates
October 2008 13
15. Automotive: worldwide unit sales up 0.5%
(assembled vehicles and CKD units)
Change Change
In thousand units Q3-07 Q3-08 9m-07 9m-08
Q3-08 / Q3-07 9m-08 / 9m-07
Western Europe (18) 506 442 -12.8% 1,741 1,652 -5.1%
Eastern Europe* 30 29 -5.2% 99 99 -0.2%
Russia 11 19 66.9% 28 45 +60.4%
Mercosur** 57 64 11.2% 151 188 +24.2%
China 49 38 -22.2% 152 142 -6.3%
Rest of the World 82 70 -14.6% 236 216 -8.4%
Total assembled vehicles 735 662 -9.9% 2,406 2,342 -2.7%
Total CKD 48 54 11.8% 142 219 +54.8%
TOTAL AV + CKD units 783 716 -8.6% 2,548 2,561 +0.5%
* Croatia, Hungary, Poland, Czech Republic, Slovakia, Slovenia, Lithuania, Latvia, Estonia, Cyprus, Malta
** Brazil, Argentina
October 2008 15
16. The Group maintains its market share
in Western Europe
(cars and light commercial vehicles)
Registrations Market Share
9m-08/9m-07 change in %
9m-07 9m-08
-5.2
Western Europe 1,692,100 13.9% 13.8%
-5.8
3.4
France 607,800 31.2% 31.5%
4.4
-23.6
Spain 214,000 19.5% 19.7%
-22.7
-7.5
United Kingdom 200,800 10.5% 9.8%
-13.8
-10.8
Italy 185,900 9.9% 9.9%
-11.2
1.6
Germany 143,600 5.6% 5.6%
2.7
-1.9
Others 341,000 12.5% 12.2%
-4.0
Market PSA
October 2008 16
17. Around 10% growth in our priority regions
(cars and light commercial vehicles)
Registrations Market Share
9 month-08/9 month-07 change in %
9m-07 9m-08
5.8
Eastern Europe 97,100 11.6% 11.1%
1.4
24.9
Russia 43,300 1.5% 1.9%
63.2
23.8
Mercosur 185,600 7.3% 7.2%
22.4
China 140,900 4.1% 3.5%
7.6
-6.2
Market PSA
October 2008 17
18. Western Europe
(cars and light commercial vehicles)
Registrations Market Share
Q3-08/Q3-07 change in %
Q3-07 Q3-08
-10.7
Western Europe 466,000 13.3% 13.3%
-10.4
0.5
France 169,000 30.2% 30.8%
2.4
-34.4
Spain 54,000 18.2% 19.5%
-29.6
-19.0
United Kingdom 61,000 10.6% 9.8%
-24.8
-11.8
Italy 44,000 9.3% 9.0%
-13.8
-3.0
Germany 43,000 5.6% 5.4%
-6.4
-5.1
Others 94,000 12.3% 12.3%
-5.2
Market PSA
October 2008 18
19. Mercosur
In thousand of units sold
Brazil Argentina
Market:
Market:
+6.6%
+35.8% +11.6%
+26.9%
124.0 63.8
59.8
91.3
9 months 2007 9 months 2008
9 months 2007 9 months 2008
New Citroën C3 launched
Upcoming launch of Peugeot 207 SW and Passion
and Citroën C4 Hatchback
October 2008 19
20. Russia & China
In thousand of units sold
Russia China
Market: Market:
+24.9% +7.6%
-6.3%
+60.4%
151.5
141.9
44.9
28.0
9 months 2007 9 months 2008 9 months 2007 9 months 2008
Launch of Citroën C-Quatre
and 2 new models for Peugeot
October 2008 20
21. Market share in Western Europe per quarter
(cars and light commercial vehicles)
In %
14.4
14.2
14.0 14.0 14.0
13.8
13.6 13.6
13.5
13.3 13.3
Q1-06 Q2-06 Q3-06 Q4-06 Q1-07 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Q3-08
October 2008 21
22. Banque PSA Finance:
Q3 & 9 months sales and revenues
Change Change
Q3-07 Q3-08 9m-07 9m-08
Q3-08/Q3-07 9m-08/9m-07
Revenues €499m €534m +7.0% €1,473m €1,594m +8.2%
Total outstanding loans €23.2bn €23.8bn +2.6%
€23.2bn €23.8bn +2.6%
(end of period)
Number of new contracts 195,129 196,025 638,810 640,623 +0.3%
+0.5%
(lease and financing)
Penetration rate 26.2% 27.7% +1.5% 25.5% 26.1% +0.6%
October 2008 22
23. Faurecia: Q3 & 9 months sales and revenues
Change
Change
In €m 9m-07 9m-08
Q3-07 Q3-08
9m-08/9m-07
Q3-08/Q3-07
Automotive Seating 3,843 3,958 3.0%
1,161 1,197 3.0%
2,554 2,565 0.4%
Vehicle Interiors 754 769 2.1%
2,235 2,211 -1.1%
687 670 -2.5%
Exhaust Systems
Front Ends 695 730 5.0%
213 227 6.4%
Total revenues 9,327 9,464 1.5%
2,815 2,863 1.7%
Excluding monoliths
and at constant scope 2.4%
1.6%
and exchange rate
PSA Peugeot Citroën 1,956 1,994 1.9%
534 560 -1.0%
Third parties 7,371 7,470 1.3%
2,281 2,303 4.9%
October 2008 23
24. Gefco: Q3 & 9 months sales and revenues
Change Change
In €m Q3-07 Q3-08 9m-07 9m-08
Q3-08/Q3-07 9m-08/9m-07
PSA Peugeot Citroën 493 536 8.7% 1,589 1,728 8.7%
342 337 -1.5% 1,043 1,050 0.7%
Third parties
835 873 4.6%
Total revenues 2,632 2,778 5.5%
October 2008 24