Peugeot-Citroen misses H1 target, cuts outlook

Newswire

PARIS, July 26 (Reuters) - PSA Peugeot Citroen missed its operating margin target for the first half of 2006 and reduced its outlook for the second half due to higher raw material prices, the French car group said on Wednesday. It said the consolidated operating result was 691 million euros ($873.8 million), or 2.4 percent of sales, compared to a restated 1.289 billion a year ago which was 4.4 percent. The median forecast of 14 analysts in a Reuters poll was for an operating result of ...

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