This accounting change added 66,000 vehicles to Q1 17 deliveries and a net €569m to revenue. As a result, the group’s delivery number increased by 26% to 874,000 and revenue by 25% to €13.13bn. Automobile revenue was up by 26% to €12.51bn, i.e. the ASP was unchanged at €14,311. Management’s 2017 guidance concentrates on the group without Avtovaz, which is expected to suffer a loss. Based on this, management sees revenue and operating earnings increasing while w
28 Apr 2017
Avtovaz is now fully consolidated
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Avtovaz is now fully consolidated
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
28 Apr 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
This accounting change added 66,000 vehicles to Q1 17 deliveries and a net €569m to revenue. As a result, the group’s delivery number increased by 26% to 874,000 and revenue by 25% to €13.13bn. Automobile revenue was up by 26% to €12.51bn, i.e. the ASP was unchanged at €14,311. Management’s 2017 guidance concentrates on the group without Avtovaz, which is expected to suffer a loss. Based on this, management sees revenue and operating earnings increasing while w