[YesAuto News] According to data published on Renault's official website, Renault Group's revenue in the third quarter of 2018 was 11.484 billion euros (approximately 90.721 billion yuan), a year-on-year decrease of 1.4% while the exchange rate and business scope remained unchanged.
Since January 1, 2018, the Renault Group has changed the distribution of interest rate subsidies among its operating sub-sectors. Renault stated that this has no effect on consolidated revenue. On a comparable basis, auto revenue excluding Volga (AVTOVAZ) will increase by 142 million euros (approximately 1.3 percentage points), offsetting the decline in sales financing revenue.
In the case of a 2.4% decline in the global automotive market, the Renault Group's global sales (including passenger cars and light commercial vehicles, including Jinbei and Huasong brand cars) reached 891539 in the third quarter. An increase of 2.9% year-on-year. The market share rose by 0.2 percentage points to 4.0%.
For the European market, Renault's sales increased by 8.6% over the same period last year due to the increase in sales of small cars and compact cars. The overall increase in the European market was 0.8%. In terms of electric vehicles, Renault ZOE sales increased by 7%, and Renault Kangoo ZE sales doubled.
In the American market, Renault's sales volume increased by 0.2% despite the overall decline in the Argentine car market by 24.9%. In the Asia-Pacific market, Renault's sales (including Jinbei and Huasong brands) increased by 72%.
Affected by the Indian and Iranian markets, Renault Group’s sales in Africa, the Middle East and India have declined. In the Eurasian market, Renault's sales in Russia continued to grow by 5.0%, but sales in Turkey decreased.
In 2018, Renault expects the global market to grow by 2% compared to 2017 (previously expected to grow by 3%). It is expected that the European market will grow by more than 1.5%, and the French market will grow by more than 4% (previously expected to grow by 2%).
Outside Europe, it is expected that Brazil will grow by 10%, Russia will grow by more than 10%, China will grow by 2% (previously expected to grow by 5%), and India will grow by 8%.
In this context, the Renault Group has determined the financial performance indicators for the full year of 2018:
1. Increase group income (according to fixed exchange rate and perimeter 3);
2. Maintain the group's operating profit margin above 6.0%;
3. To generate positive free cash flow from the automobile business. (Source: Renault's official website; text/Car Home Li Na)