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Oct. 23, 2019, 1:51 a.m. EDT

Peugeot revenue boosted by new launches

By Max Bernhard

Peugeot SA said Wednesday that revenue edged higher in the third quarter, helped by new product launches.

Revenue rose to 15.58 billion euros ($17.35 billion) from EUR15.43 billion a year earlier, the French auto maker (PAR:FR:UG)  said. New model launches offset lower sales to partners and exchange-rate effects, including from hyperinflation in Argentina, it said.

The group said it now expects automotive markets to decrease by 1% in Europe, 5% in Latin America, 7% in China and 2% in Russia. When reporting figures for the first half of the year, Peugeot had still expected a decrease by 4% in Latin America and growth of 3% in Russia.

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