Renault Group 2012 financial results
Renault Group 2012 financial results. Revenues during the year stood at â‚¬ 41,270 million, a drop of 3.2 percent over 2011 figures. Operating margin too saw a dip to â‚¬729 million as against â‚¬1,091 million in the same period of the previous year
Renault Group experienced strong increase in sales outside of Europe to the tune of 9.1% increase but within Europe, sales dipped to -18.0%. Net debt position of the company which was at â‚¬299 million as on December 31, 2011 moved to net cash position of â‚¬1,492 million primarily due to disposal of A B Volvo A shares for â‚¬1,476 million.
Revenues stood at â‚¬41,270 million, a dip of 3.2% with the Group automotive division contributing â‚¬39,156 to revenues down 3.7% in 2011. Net Income stood at â‚¬1,735 million as compared to â‚¬2,139 million in 2011. Despite negative results, operational free cash flow was positive. The full year free cash flow stood at â‚¬597 million primarily due to meticulous management of working capital requirement with the Group able to increase annual investments to 8.1%.