Renault Reports Solid Fiscal 2017 Revenue Gain, 2018 Outlook Favorable; Maintaining EUR 79 FVE
No-moat-rated Renault reported full-year 2017 automotive revenue of EUR 53.5 billion excluding the consolidation of equity holding AvtoVAZ, up an impressive 9% on solid contribution from volume, mix, pricing, and sales to Alliance partners. Renault reported that volume, pricing, and mix contributed 5.5 percentage points, but sales to partners contributed another 2.6 percentage points to the year-over-year revenue increase, while currency translation was negative by 0.7 percentage points. Excludi...
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