Closure positive for the French automotive group Renault, which announced today the results of 2010 profits to € 3.42 billion, up 13.7% of sales (2,630,000 cars), +15.6% year on year turnover, a proportion that rises to € 38.9 billion. A good result after losing 3.12 billion in 2009. The operating profit amounted to € 1.09 million, or 2.8% of sales, which offset the loss of 396 million in 2009.
The Automotive Division has contributed to revenues of € 37.172 billion, an increase of 16.3% year on year mainly due to the positive effect on the volume. It is to underline the important contribution of € 2 billion outstanding under the entry for the sale of Class B shares of Volvo. Renault plans volumes and profits growth for the current year (+6%) and free cash flow from operations of the car more than 500 million euro.
For 2013, the aim is rather to exceed 3 million units sold and an operating margin of over 5%. The President and CEO of Renault, Carlos Ghosn, said that the publication of the final financial results confirm the performance of the Renault higher than expected. In contrasting markets, Renault has shown its ability to seize growth opportunities and strengthen its solidity.
In addition, he added, these results provide a solid foundation for the launch of the new strategic plan that will extend the range of the group of 44 models, with a further increase to 48 by 2016. 
The Automotive Division has contributed to revenues of € 37.172 billion, an increase of 16.3% year on year mainly due to the positive effect on the volume. It is to underline the important contribution of € 2 billion outstanding under the entry for the sale of Class B shares of Volvo. Renault plans volumes and profits growth for the current year (+6%) and free cash flow from operations of the car more than 500 million euro.
For 2013, the aim is rather to exceed 3 million units sold and an operating margin of over 5%. The President and CEO of Renault, Carlos Ghosn, said that the publication of the final financial results confirm the performance of the Renault higher than expected. In contrasting markets, Renault has shown its ability to seize growth opportunities and strengthen its solidity.
In addition, he added, these results provide a solid foundation for the launch of the new strategic plan that will extend the range of the group of 44 models, with a further increase to 48 by 2016.
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