Renault increased registrations by 18% to 876k vehicles in the last quarter which brought the H1 number to 1.57m, an increase of 13%. Although the ASP was down by a good 2% in Q2, consolidated revenue was up by 15% to €14.7bn (+14% to €25.2bn in H1). This has allowed the group to increase H1 EBIT by 44% to €1.54bn while net income increased by ‘only’ 9% to €1.50bn. All these numbers are better than we had expected.
28 Jul 2016
Q2 was superb
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Q2 was superb
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
28 Jul 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
Renault increased registrations by 18% to 876k vehicles in the last quarter which brought the H1 number to 1.57m, an increase of 13%. Although the ASP was down by a good 2% in Q2, consolidated revenue was up by 15% to €14.7bn (+14% to €25.2bn in H1). This has allowed the group to increase H1 EBIT by 44% to €1.54bn while net income increased by ‘only’ 9% to €1.50bn. All these numbers are better than we had expected.