HALISTER: Renault 2015 Profit Beats Estimate, Forecasts Further Growth

Renault 2015 Profit Beats Estimate, Forecasts Further Growth

(Bloomberg) -- Renault FY oper profit EU2.32b, est. EU2.02b.
  • Rev EU45.33b, est. EU44.9b
  • Automotive operating profit rose 74% to EU1.5b; margin 3.5% vs 2.2% y/y
    • Cites volume growth (EU480m), ost reduction (EU527m) vs he mix/price/enrichment negative EU379m
  • Div EU2.4, Bdvd forecast EU2.3/shr; yr ago EU1.9
  • Outlook: Global market growth of 1% to 2%, European
market +2%, France +2% **Co aims to increase group revenues (at constant FX), improve group operating margin, generate positive Automotive operational FCF
  • NOTE: 2016 rev. consensus est. EU48.1b; oper profit EU2.62b: Bloomberg data
  • Statement, 8am CET call via Web site
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Alert: HALISTER
Source: BFW (Bloomberg First Word)

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