UPDATE 2-Peugeot 2004 profits dip, cautious on 2005 outlook


(Adds trader comment, background) By Louise Knowles PARIS, Feb 23 (Reuters) - French carmaker PSA Peugeot Citroen posted a dip in full-year profit on Wednesday and was cautious on the outlook for 2005 despite an imminent product offensive that will rejuvenate its model range. Europe's second-biggest carmaker just met its target of an operating profit "in the region of" 2003's figure, after a year dogged by sluggish demand and cut-throat competition in Europe, high raw material costs ...

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