Renault: Q3 sales down 1.4% in organic terms
(CercleFinance.com) - Renault reported Q3 2018 sales of 11,484 million euros, down by 6% as reported and down 1.
4% at constant exchange rates and consolidation scope, relative to the same period last year.
Registrations increased by 2.9% over the last quarter, incorporating the brands Jinbei and Huasong since 1 January 2018. With an equivalent consolidation scope to 2017, group volumes declined by 1.7% in a global market that was down 2.4%.
Renault confirms its annual sales growth targets (at constant exchange rates and consolidation scope), with it maintaining its operating margin at over 6%, while generating positive operating free cash flow at its automobile division.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4% at constant exchange rates and consolidation scope, relative to the same period last year.
Registrations increased by 2.9% over the last quarter, incorporating the brands Jinbei and Huasong since 1 January 2018. With an equivalent consolidation scope to 2017, group volumes declined by 1.7% in a global market that was down 2.4%.
Renault confirms its annual sales growth targets (at constant exchange rates and consolidation scope), with it maintaining its operating margin at over 6%, while generating positive operating free cash flow at its automobile division.
Copyright (c) 2018 CercleFinance.com. All rights reserved.