Spot on
Though it’s still commonly used by carmakers, PS or Pferdestärke (horse strength in German) was actually replaced by kW as the EEC‘s ‘legal’ measurement of engine power in 1992.
One PS is about 98.6% of a single brake horsepower – the two are virtually interchangeable, and PS is sometimes referred to as 'metric horsepower'
Some manufacturers quote the power of their engines in kilowatts – especially on the Continent – but this measurement is used far less frequently than PS or bhp. A kilowatt (kW) of power equates to around 1.34bhp