Peugeot nine month sales down 0.3 pct, cuts outlook

Newswire

PARIS, Oct 26 (Reuters) - PSA Peugeot Citroen on Thursday reported an 0.3 percent decline in nine-month sales and cut its margin outlook as it struggles to maintain its market share in a stagnant and highly competitive west European market. The group, which recently stepped up a cost cutting drive to boost its meagre operating profit margin, said its nine-month sales were 41.631 billion euros ($52.70 billion). The average forecast by six analysts in a Reuters survey was for a nine-month ...

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