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Peugeot SA (UG.FR) said Thursday that net accumulation rose in 2017, with college revenues and amount cuts allowance to account a accident at its Opel unit.

Net accumulation for the year rose 12% to 1.93 billion euros ($2.36 billion), compared with EUR1.73 billion a year ago. The Opel Vauxhall unit, circumscribed from August 1, had a alternating operating accident of EUR179 million.

Peugeot’s acquirement rose 21% to EUR65.2 billion, fueled by college sales in Europe, the Middle East and Africa. Opel contributed revenues of EUR7.24 billion.

Analysts had accepted net accumulation of EUR2.07 billion and acquirement of EUR62.44 billion, according to a accord anticipation provided by FactSet.

The French car maker bought Opel and its U.K. assemblage Vauxhall from General Motors Co. (GM) aftermost August, afterwards GM gave up on the European aggregation afterward years of losses and bootless attempts at restructuring. In the fall, Peugeot presented an aggressive action to acknowledgment the German car maker to profit. Admitting Opel’s operating loss, Peugeot said the plan is starting to appearance results.

“The Opel Vauxhall turnaround plan presented on November 9th is carrying its aboriginal accurate achievements such as a collective purchasing organization, amusing agreements and costs savings,” Peugeot said.

Opel’s adapted operating allowance for the year was abrogating 2.5%. Peugeot targets an adapted operating allowance of 2% by 2020 for the German car maker.

Peugeot, clearly accepted as Groupe PSA, said it would adduce a allotment of EUR0.53 a allotment for the year, up from EUR0.48 for 2016.

Looking to the year ahead, the aggregation said it expects a abiding automotive bazaar in Europe and advance of 4% in Latin America, 10% in Russia and 2% in China.

Peugeot accepted the targets of its Push to Pass plan as Automotive accepting a alternating operating allowance of 4.5% on boilerplate amid 2016 and 2018, ascent to 6% by 2021. The plan additionally aims for an access of 10% in accumulation acquirement by 2018 compared with 2015, and 15% advance by 2021.

Peugeot said these targets afar Opel.

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