PSA_GROUP_REGISTRATION_DOCUMENT_2017

ANALYSIS OF THE BUSINESS AND GROUP OPERATING RESULTS IN 2017 AND OUTLOOK Recent Events and Outlook

RECENT EVENTS AND OUTLOOK 4.6.

Trend Information 4.6.1.

Market Outlook In 2018, the Group anticipates a stable automotive market in Europe, growth of 4% in Latin America, 10% in Russia, and 2% in China. Operational Targets The Push to Pass plan sets the following targets for Groupe PSA (excluding Opel Vauxhall):

deliver over 4.5% automotive (1) recurring operating margin on „ average in 2016-2018, and target more than 6% by 2021; deliver 10% Group revenue growth by 2018 (2) vs 2015, and target „ additional 15% by 2021 (2) . The targets for Opel Vauxhall are: recurring operating margin (3) of 2% for the Automotive Division „ by 2020, with a target of 6% by 2026; positive free operational free cash flow by 2020 (3) . „

Profit Forecasts or Estimates 4.6.2.

The Group has not made any profit forecasts or estimates.

Recurring operating as a percentage of revenue. (1) At constant (2015) exchange rates and constant perimeter (excluding OV). (2) Defined as recurring operating income + depreciation and impairment - restructuring costs - capital expenditure and capitalised R&D - (3) fluctuations in working capital.

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GROUPE PSA - 2017 REGISTRATION DOCUMENT