PARIS (Reuters) – French carmaker PSA’s (PEUP.PA) global sales jumped by 15 percent last year as strong growth in Iran and Latin America helped to offset difficulties in Britain and China.
The owner of the Peugeot brand sold 3,632,300 vehicles in 2017, it said on Tuesday, a day after domestic rival Renault (RENA.PA) announced a similarly robust performance.
Shares in PSA were up 1.9 percent by 1204 GMT, beating a 1.2 percent gain for the STOXX Europe 600 Autos index .SXAP.
Having resumed Iran operations in 2016 after the lifting of international sanctions over Tehran’s nuclear activities, PSA sold 444,600 vehicles there last year.
There was no year-on-year comparison for Iran, but sales in Latin America jumped 12 percent from 2016.