Renault Group 2012 financial results

Renault Group 2012 financial results. Revenues during the year stood at € 41,270 million, a drop of 3.2 percent over 2011 figures. Operating margin too saw a dip to €729 million as against €1,091 million in the same period of the previous year

Renault Group 2012 financial results

Notwithstanding tough economic situation all across Europe, the Renault Group has declared their financial results for the year 2012. The company has posted net income of €1,735 million. Revenues during the year stood at € 41,270 million, a drop of 3.2 percent over 2011 figures. Operating margin too saw a dip to €729 million as against €1,091 million in the same period of the previous year. Operating income stood at €122 million as against €1,244 million in 2011.

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 €299 million as on December 31, 2011 moved to net cash position of €1,492 million primarily due to disposal of A B Volvo A shares for €1,476 million.

Revenues stood at €41,270 million, a dip of 3.2% with the Group automotive division contributing €39,156 to revenues down 3.7% in 2011. Net Income stood at €1,735 million as compared to €2,139 million in 2011. Despite negative results, operational free cash flow was positive. The full year free cash flow stood at €597 million primarily due to meticulous management of working capital requirement with the Group able to increase annual investments to 8.1%.