Renault: Q1 sales down 4.8%
(CercleFinance.com) - Renault has reported Q1 2019 sales of 12,527 million euros, down 4.
8% as reported and down 2.7% at a constant consolidation scope and exchange rates, including automobile sales (excluding Avtovaz) of 10.916 million euros, down 6.3%.
The car maker's sales dropped by 5.6% to 908,348 vehicles (both passenger cars and commercial vehicles), albeit outperforming a global market that shrank by 7.2%: its market share hence resisted, reaching 4.1%, up 0.1 point.
Renault has confirmed its FY targets, which include sales growth (at constant exchange rates and consolidation scope), a group operating margin of around 6% and a positive operational free cash flow for automobiles.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
8% as reported and down 2.7% at a constant consolidation scope and exchange rates, including automobile sales (excluding Avtovaz) of 10.916 million euros, down 6.3%.
The car maker's sales dropped by 5.6% to 908,348 vehicles (both passenger cars and commercial vehicles), albeit outperforming a global market that shrank by 7.2%: its market share hence resisted, reaching 4.1%, up 0.1 point.
Renault has confirmed its FY targets, which include sales growth (at constant exchange rates and consolidation scope), a group operating margin of around 6% and a positive operational free cash flow for automobiles.
Copyright (c) 2019 CercleFinance.com. All rights reserved.