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%.