You are here: Home » Reuters » News
Business Standard

Renault sales and profits fall on diesel, currency setbacks

Reuters  |  PARIS 

PARIS (Reuters) - Renault's revenue and profits fell in 2018, hit by collapsing diesel sales, exchange-rate setbacks and a withdrawal from the Iranian market, the French carmaker said.Revenue fell 2.3 percent to 57.42 billion euros ($64.7 billion), while recurring operating profit dropped 6.3 percent to 3.61 billion, for a 6.3 percent operating margin.The carmaker said it was targeting operating margin of "around 6 percent" this year, a weaker goal than its previous pledge to exceed that benchmark in 2018.Analysts had expected recurring operating profit of 3.52 billion euros on revenue of ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, February 14 2019. 12:03 IST
RECOMMENDED FOR YOU