Renault is suffering in a difficult economic climate

The comparison is inherently difficult for the renault brand. In the middle of the week, the PSA group has announced a half-year sales almost stable and the ope

Renault is suffering in a difficult economic climate

The comparison is inherently difficult for the renault brand. In the middle of the week, the PSA group has announced a half-year sales almost stable and the operating margin was the highest in its history, to 8.7 %. Renault, which was released on Friday its half-year accounts, is far from the account. To 28.1 billion euros, its turnover decreased by 5 % (like-for-like) in the wake of global sales, which fell 6.7 to 1.94 million vehicles. The operating margin erode by 0.5 percentage points, to 5.9 %. And the net result is divided by two, to 970 million euros. The title Renault opened Friday down 1.5 %, after having already lost 1.7 per cent the previous day. It is, however, rapidly resumed, finishing in the balance. Investors realized that, if the performance of Renault is below that of PSA, it remains solid.

"The arrival of many new models, increased competitiveness and the fighting spirit of the teams, allow the group to confirm its objectives of profitability on the year"

Thierry Bolloré, chief executive officer of Renault

to resist the decline of volumes, the group minimizes its costs. This strategy allowed him to save ...

Updated Date: 29 July 2019, 00:00

Kathleen Lees

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