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Renault Sales, Earnings Surge
Renault SA’s net income in 2016 rose 21% to €3.4 billion ($3.6 billion). Annual unit sales and revenue climbed 13% to 3.18 million units and €51.2 billion ($54.4 billion), respectively.
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Renault SA’s net income in 2016 rose 21% to €3.4 billion ($3.6 billion). Annual unit sales and revenue climbed 13% to 3.18 million units and €51.2 billion ($54.4 billion), respectively. Both totals were record highs.
The company’s operating income last year surged 51% to €3.3 billion ($3.5 billion). Renault did not release full financial details for the October-December period.
Renault reports market share gains in all regions. The company’s new-car registrations gained most strongly in Europe (+12% to 1.81 million), Africa-Middle East-India (+36% to 491,200) and Asia Pacific (+35% to 167,400). Volume advanced 2% to 364,500 units in Eurasia and was flat in the Americas at 354,400 vehicles.
Global demand for new cars will expand by about 2% this year, the company predicts. Renault expects markets to grow 2% in Europe, 5% in China and 8% in India.
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