Renault announces historic financial results

The Renault group had never sold as many vehicles in its history, with nearly 3.8 million units (+ 8.5 percent). A growth that is not done by sacrificing margins, on the contrary. The manufacturer has presented, Friday, February 16, turnover for the year 2017 58.8 billion euros, up 14.7 %, with an operating margin of 6.6 % against 6.4% in 2016.

By not taking into account the results of its Russian subsidiary Avtovaz, the margin would be even better, at 6.8 %. “For the Renault group 2017 was a new record year “, and congratulated the CEO Carlos Ghosn. If one focuses only on the profitability of the automobile (excluding vehicle financing), that of the brand totalled 5.1 %. This remains more modest than that of its competitors generalist, already above 6 % of operating margin.

A profit podgy

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