The number of units sold was up by 3.2% to 3.88m in the full-year (-10% to 914k in Q4) which resulted in revenue of the Automobile division of €54.2bn (-3.6%). As a result, the ASP fell by almost 7% to just below €14,000. The group’s consolidated turnover was down by 2.3% to €57.4bn (+2.5% currency-adjusted). Instead of a higher EBIT number (we had projected almost €4bn), it fell by 6.3% to €3.61bn. Total at-equity profits were down by more than €1.2bn to &
14 Feb 2019
2018 operating earnings rather disappointing
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2018 operating earnings rather disappointing
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
14 Feb 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
The number of units sold was up by 3.2% to 3.88m in the full-year (-10% to 914k in Q4) which resulted in revenue of the Automobile division of €54.2bn (-3.6%). As a result, the ASP fell by almost 7% to just below €14,000. The group’s consolidated turnover was down by 2.3% to €57.4bn (+2.5% currency-adjusted). Instead of a higher EBIT number (we had projected almost €4bn), it fell by 6.3% to €3.61bn. Total at-equity profits were down by more than €1.2bn to &