Renault’s own problems are reflected in a delivery fall of 6% to 1.94m vehicles and an ASP fall of 1% to around €13,600. This has caused the group’s operating earnings to fall by 14% to €1.65bn. On top come Nissan’s problems. Its at-equity contribution to Renault’s accounts turned around from a profit of €805m in H1 18 to a loss of €21m. Nissan has never contributed negative earnings since H1 09.
26 Jul 2019
Operating profit down and Nissan's contribution was negative
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Operating profit down and Nissan's contribution was negative
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
26 Jul 2019 -
Author:
Hans-Peter Wodniok -
Pages:
2
Renault’s own problems are reflected in a delivery fall of 6% to 1.94m vehicles and an ASP fall of 1% to around €13,600. This has caused the group’s operating earnings to fall by 14% to €1.65bn. On top come Nissan’s problems. Its at-equity contribution to Renault’s accounts turned around from a profit of €805m in H1 18 to a loss of €21m. Nissan has never contributed negative earnings since H1 09.