Nissan has contributed €524m to Renault’s Q3 earnings, an increase of 20%. The ytd number now stands at €1.5bn, 23% higher than in 9M 14. Assuming this profit contribution will be up by another 20% (to €400m) in Q4, the total will amount to €1.9bn.
We are expecting total at-equity profits of €1.95bn for the full-year. However, this total also includes the loss contributed by Avtovaz and other minor investments (€197m in 2014). As the loss of the Russian joint-venture is likely to be much high ....
03 Nov 2015
At-equity profits unlikely to reach our projection in 2015
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At-equity profits unlikely to reach our projection in 2015
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
03 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
Nissan has contributed €524m to Renault’s Q3 earnings, an increase of 20%. The ytd number now stands at €1.5bn, 23% higher than in 9M 14. Assuming this profit contribution will be up by another 20% (to €400m) in Q4, the total will amount to €1.9bn.
We are expecting total at-equity profits of €1.95bn for the full-year. However, this total also includes the loss contributed by Avtovaz and other minor investments (€197m in 2014). As the loss of the Russian joint-venture is likely to be much high ....