Renault’s 2017 earnings below the EBIT line were rather disappointing. Excluding the more than €1bn positive impact from the US income tax reform to Nissan’s at-equity contribution and, although the absolute amount of income tax charges for the group was down by some €160m, net profit after minorities of €4.09bn was lower than our projected €4.22bn. In fact, Nissan contributed almost nothing in Q4 when the US tax impact is excluded.
16 Feb 2018
A very mixed set of 2017 accounts
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A very mixed set of 2017 accounts
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
16 Feb 2018 -
Author:
Hans-Peter Wodniok -
Pages:
3
Renault’s 2017 earnings below the EBIT line were rather disappointing. Excluding the more than €1bn positive impact from the US income tax reform to Nissan’s at-equity contribution and, although the absolute amount of income tax charges for the group was down by some €160m, net profit after minorities of €4.09bn was lower than our projected €4.22bn. In fact, Nissan contributed almost nothing in Q4 when the US tax impact is excluded.