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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Renault    RNO   FR0000131906

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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 2018 60 801 M
EBIT 2018 3 979 M
Net income 2018 4 380 M
Finance 2018 4 078 M
Yield 2018 4,64%
P/E ratio 2018 5,28
P/E ratio 2019 5,01
EV / Sales 2018 0,34x
EV / Sales 2019 0,32x
Capitalization 24 805 M
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Average target price 104 €
Spread / Average Target 24%
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