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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 ...

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