Renault’s operating result has not been a major disappointment, but the bottom line was. A considerable drop in Nissan’s profit contribution has translated into net earnings (€1.95bn) that were well below our projection (€2.16bn). In addition, car demand has started to weaken in MEA-East India and certain parts of APAC.
27 Jul 2018
We had expected better results
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We had expected better results
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
27 Jul 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
Renault’s operating result has not been a major disappointment, but the bottom line was. A considerable drop in Nissan’s profit contribution has translated into net earnings (€1.95bn) that were well below our projection (€2.16bn). In addition, car demand has started to weaken in MEA-East India and certain parts of APAC.