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Renault Posts Record Sales, Profits
Renault SA’s sales last year grew 15% to 58.7 billion ($73 billion), and net income jumped 47% to €5.2 billion ($6.5 billion). Both results were record highs.
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Renault SA’s sales last year grew 15% to 58.7 billion ($73 billion), and net income jumped 47% to €5.2 billion ($6.5 billion). Both results were record highs.
The company’s sales in 2017 climbed 9% to 3.76 million vehicles. Its operating income for the year advanced 16% to €3.8 billion ($4.7 billion).
Renault’s volume grew in all major markets, led by a 6% gain to 1.91 million vehicles in Europe. Annual sales rose in Russia/Eurasia (+14% to 733,000 units), Europe, Africa/Middle East (8% to 532,000), Latin America (+10% to 389,000) and Asia Pacific (17% to 196,000).
Renault predicts the global auto market will expand by 2.5% this year. The company expects its vehicle sales this year will rise 1% in Europe, 10% in Russia, 6% in India and more than 5% in Brazil and China.
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