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Renault : Targets Revenue of EUR70 Billion in Six-Year Plan

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10/06/2017 | 09:28am CEST
   By Max Bernhard 
 

Renault SA (RNO.FR) targets revenues of more than 70 billion euros ($82.1 billion) by 2022, according to the strategic six-year plan the company published Friday.

The French car maker said it expects volumes to grow by more than 40% to 5 million units by the end of its 2017-2022 plan compared with the 3.5 million units it sold in 2016. By the end of 2022 the group aims to reach an operating margin of more than 7%, said Renault.

Renault plans to save EUR4.2 billion from now until 2022 as part of its Monozukuri manufacturing system, a strategy adopted from Japanese car makers. The strategic plan also includes research-and-development investments of EUR18 billion over the six years.

The company said it aims to develop mobility technology such as ride-hailing and robo-taxi services, while it also plans to produce eight pure-electric vehicles.

Renault added that it aims to expand its presence in Russia and take advantage of market opportunities in Brazil, India and Iran. It said it sees opportunities in China with its new joint ventures.

Write to Max Bernhard at [email protected]; @mxbernhard

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Financials (€)
Sales 2017 58 963 M
EBIT 2017 3 669 M
Net income 2017 4 269 M
Finance 2017 4 100 M
Yield 2017 4,00%
P/E ratio 2017 5,49
P/E ratio 2018 5,42
EV / Sales 2017 0,36x
EV / Sales 2018 0,34x
Capitalization 25 352 M
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 98,1 €
Spread / Average Target 14%
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Managers
NameTitle
Carlos Ghosn Bichara Chairman, President & Chief Executive Officer
Clotilde Delbos Chief Financial Officer
Franck Riboud Independent Director
Philippe Lagayette Lead Independent Director
Dominique Payen de la Garanderie Independent Director
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