Renault Benefits From Scale Derived From Alliance With Nissan and Mitsubishi
No-moat-rated Renault reported full-year diluted earnings per share before special items, or EPS, of EUR 14.03, better than the consensus EPS estimate of EUR 13.94 by EUR 0.09 but EUR 1.28 below the year ago result. Lower results versus full-year 2017 were attributable to lower Nissan JV equity income contribution, down EUR 261 million to EUR 1.5 billion from EUR 1.8 billion, negative currency translation, higher raw material costs, and WLTP in Europe. Even so, record unit volume reached 3.9 mil...Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
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