Renault’s deliveries increased by 3.3% to just above 2.8m in 2015. Automobile revenue went up by 11% to €43bn and consolidated revenue by 10% to a good €45bn. This has allowed the group to generate EBIT of €2.32bn, an increase of 44%. Simultaneously, cash from operations (based on management’s definition) increased by more than 50% to a new record number of €6.0bn. All these numbers are, at a glance, better than we had expected. However, at-equity profits from
12 Feb 2016
Much better operating earnings, but huge loss in Russia
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Much better operating earnings, but huge loss in Russia
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
12 Feb 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Renault’s deliveries increased by 3.3% to just above 2.8m in 2015. Automobile revenue went up by 11% to €43bn and consolidated revenue by 10% to a good €45bn. This has allowed the group to generate EBIT of €2.32bn, an increase of 44%. Simultaneously, cash from operations (based on management’s definition) increased by more than 50% to a new record number of €6.0bn. All these numbers are, at a glance, better than we had expected. However, at-equity profits from