PSA Peugeot Citroen H1 profit slides, cuts targets

Newswire

PARIS, July 24 (Reuters) - French carmaker PSA Peugeot Citroen posted a slide in first-half profits on Thursday and cut a key full-year forecast due to a strong euro and a slide in demand, particularly in France. PSA said in a statement that it was now aiming to "maintain or improve" its autos unit first-half operating margin of 3.7 percent for the full-year, compared to an earlier target of 5.0-5.2 percent. This is barring a further rise of the euro against other currencies. Europe's ...

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