Renault sold a total of 3.18m vehicles (+13%) in 2016 and, as the ASP was up by 0.3% to €15,395, revenue of the Automobile division increased by 14% to €49.0bn. Consolidated revenue increased by 13% to €51.2bn and both revenue numbers were some €1.5bn below our projections. The group shows an operating result of €3.28bn (+38%) and net earnings of €3.42bn (+21%) and these numbers are €230m and €370m, respectively, higher than we had anticipated. Conseque
10 Feb 2017
Good results also stemming from Avtovaz and a higher dealer inventory
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good results also stemming from Avtovaz and a higher dealer inventory
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
10 Feb 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Renault sold a total of 3.18m vehicles (+13%) in 2016 and, as the ASP was up by 0.3% to €15,395, revenue of the Automobile division increased by 14% to €49.0bn. Consolidated revenue increased by 13% to €51.2bn and both revenue numbers were some €1.5bn below our projections. The group shows an operating result of €3.28bn (+38%) and net earnings of €3.42bn (+21%) and these numbers are €230m and €370m, respectively, higher than we had anticipated. Conseque