Based on the number of cars registered (+0.8% to 1.38m), the group’s Automobile revenue (+12% to €22.2bn) divided by this number was up by the aforementioned double-digit. However, global production was up by 17% to more than 1.5m vehicles which indicates that management uses production numbers rather than sales numbers to account for revenue. Nevertheless, the sharp revenue increase allowed EBIT to increase by 47% to €1.07bn and net profit by 86% to slightly less than €1
30 Jul 2015
ASP +12% to €15,305
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ASP +12% to €15,305
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
30 Jul 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Based on the number of cars registered (+0.8% to 1.38m), the group’s Automobile revenue (+12% to €22.2bn) divided by this number was up by the aforementioned double-digit. However, global production was up by 17% to more than 1.5m vehicles which indicates that management uses production numbers rather than sales numbers to account for revenue. Nevertheless, the sharp revenue increase allowed EBIT to increase by 47% to €1.07bn and net profit by 86% to slightly less than €1