PSA says maintains 2003 profit margin target

Newswire

PARIS, April 24 (Reuters) - PSA Peugeot Citroen said on Thursday it maintained its target for an operating margin in its core autos division of 5.0-5.2 percent. Chief Financial Officer Yann Delabriere told a conference call that although PSA faced challenges of foreign exchange fluctuation, a negative geographical mix in Europe and the risk of rising raw material prices, the firm stuck to its target. "We have to face these challenges, but we don't want to change our guidance," he said ...

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