Renault: FY EPS down 36%
(CercleFinance.com) - Renault has published 2018 net income group share of 3,302 million euros, or 12.
24 euros per share against 19.23 euros in 2017, with operating profit of 3.612 billion euros, or 6.3% of sales, compared to 6.6% in 2017.
Sales fell by 2.3% to 57,419 million euros (+2.5% at comparable exchange rates), for unit sales that are up 3.2% at 3.9 million vehicles, with the group integrating the brands Jinbei and Huasong since 1 January 2018.
A stable dividend of 3.55 euros per share will be proposed. For 2019, Renault targets positive sales growth (at constant exchange rates and consolidation scope), a group operating margin of 6%, and positive free operating cash flow for its automobile business.
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24 euros per share against 19.23 euros in 2017, with operating profit of 3.612 billion euros, or 6.3% of sales, compared to 6.6% in 2017.
Sales fell by 2.3% to 57,419 million euros (+2.5% at comparable exchange rates), for unit sales that are up 3.2% at 3.9 million vehicles, with the group integrating the brands Jinbei and Huasong since 1 January 2018.
A stable dividend of 3.55 euros per share will be proposed. For 2019, Renault targets positive sales growth (at constant exchange rates and consolidation scope), a group operating margin of 6%, and positive free operating cash flow for its automobile business.
Copyright (c) 2019 CercleFinance.com. All rights reserved.