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H Renault ανακοίνωσε τα οικονομικά της στοιχεία για το 2012 όπου είδε τα καθαρά της κέρδη να ανέρχονται σε 1,73 δις ευρώ, συμπεριλαμβανομένων και των 924 εκατ. ευρω, από την πώληση των υπολοίπων μετοχών της Volvo.

Τα έσοδα φέτος ανήλθαν σε 41,27 δις (-3,2%) ενώ το λειτουργικό περιθώριο ανήλθε στα 729 εκατ, (1,8% των εσόδων). Τα λειτουργικά έσοδα ανήλθαν σε μόλις 122 εκατ. ευρώ, σε σχέση με τα 1,24 δις ευρώ του 2011. Οι καθαρές ταμειακές ροές ανέρχονται στα 597 εκατ. ευρώ ενώ χρωστά σε δάνεια 299 εκατ. ευρώ.

Παράλληλα η Renault ανακοίνωσε συνεργασία με την Unicredit στη Ρωσία ώστε η δεύτερη να προσφέρει ένα ευρύ φάσμα χρηματοοικονομικών υπηρεσιών στους πελάτες των Renault, Nissan και Infiniti. Αναλυτικότερες λεπτομέρειες μπορείς να βρεις στο δελτίο τύπου που ακολουθεί.

[Πηγή: Renault]

Δελτίο Τύπου

Renault Financial Results 2012

Despite a challenging European environment, the Renault group reinforced its balance sheet, pursued its global growth strategy and achieved a positive net income of €1,735 million.

  • Group revenues of €41,270 million, down 3.2% on 2011.
  • Group operating margin of €729 million, or 1.8% of revenues, compared with €1,091 million and 2.6% in 2011.
  • Group operating income of €122 million, compared with €1,244 million in 2011.
  • Contribution of associated companies of €1,504 million, compared with €1,524 million in 2011.
  • Net income of €1,735 million (including a capital gain of €924 million from the disposal of remaining AB Volvo shares).
  • Positive Automotive operational free cash flow [1] of €597 million, mainly resulting from efficient management of the working capital requirement.
  • The Group moved from a net debt position of €299 million at December 31, 2011 to a net cash position of €1,492 million mainly due to the disposal of AB Volvo A shares for €1,476 million.

Commenting, Carlos Ghosn, Chairman and Chief Executive Officer of Renault, said: “In a contrasted global automotive market, Renault benefited from the growth of markets outside Europe, which account for over half of its sales. In the difficult environment in Europe, and especially in France, the Group led a rigorous sales policy and began the renewal of its range with the launch of Clio IV. Thanks to the commitments of all its employees, the Renault group is pursuing its strategy of global growth while strengthening its financial situation and delivering a positive Automotive free cash flow”.

Group revenues came to €41,270 million, down 3.2%. With the strong increase in sales outside Europe (+9.1%) failing to offset the decrease in sales in Europe (-18.0%), The Automotive division contributed €39,156 to revenues, down 3.7% on 2011.

Group operating margin fell €362 million in 2012 to €729 million (1.8% of revenues) compared with €1,091 million in 2011 (2.6% of revenues).

The Automotive division posted a slightly negative operating margin (- €25 million or -0.1% of its revenues) compared with a positive €330 million in 2011 (0.8% of its revenues). The positive impact from cost reductions for €528 million and the good control of G&A expenses did not offset the sharply negative volume impact (- €501 million) or the increased competition in Europe (mix/price/enrichment effect of – €242 million).

The contribution of Sales Financing to Group operating margin came to €754 million, compared with €761 million in 2011. The cost of risk totaled 0.38% of the outstandings (up 0.15 points), after reaching a low point last year. However, it remains below its historic average, reflecting the continued good quality of the portfolio, despite the worsening economic environment in Europe.

Operating income was €122 million, after recognizing other negative operating income and expense items, which totaled €607 million, mainly du to impairment charges of several vehicles lines, the devaluation of the Iranian currency, and restructuring costs.

The contribution of associated companies came to €1,504 million in 2012 [2] (of which €1,234 million for Nissan), down from €1,524 million in 2011.

Net income came to €1,735 million, compared with €2,139 million in 2011. The total includes a capital gain of €924 million from the disposal of A shares in AB Volvo in December. Net income, group share, was €1,772 million (€6.51 per share).

For the fourth consecutive year, Automotive operational free cash flow was positive. Despite the negative impact from sales and operating income, full-year free cash flow came to €597 million, mainly resulting from the rigorous management of the working capital requirement. The Group was able to increase its annual investments reaching 8.1% of revenues.

This performance, along with the disposal of AB Volvo A shares in December 2012 for €1,476 million, enabled the Group to eliminate its net debt. For the first time since the beginning of the Alliance with Nissan in 1999, Renault is reporting a positive Automotive net cash position of €1,492 million at December 31, 2012, compared with net debt of €299 million at end-December 2011. At the same time, the Automotive division reported a strong liquidity position of €13.6 billion, compared to €11.4 billion at end-2011.

In line with the dividends policy announced in the “Renault 2016 – Drive the Change” plan, a dividend of €1.72 per share, strictly representing the dividends received by the Group in 2012 for its shares in listed companies, will be submitted for approval at the next Shareholders’ General Meeting.

2013 OUTLOOK

In 2013, the European market remains uncertain and is expected to contract by at least 3% with a French market down 3 to 5%. The global automotive market (PC+LCV) is expected to grow 3% year on year. This growth will be fueled by positive momentum expected in China, North America, India (+11%) Russia (+5%), and Brazil (+1.5%).

In this context, Renault will pursue its strategy of international development. In Europe, the Group is targeting market share growth with new product launches (Captur, ZOE, Clio Estate, New Logan) and the full impact of the products launched at the end of 2012 (Clio IV and New Sandero) with a sustainable pricing policy.

Renault Group is targeting for 2013 (provided European and French markets are not significantly worse than expected):

  • units sales growth,
  • positive Automotive operating margin,
  • positive Automotive operational free cash flow.

CONSOLIDATED GROUP RESULTS

€ million

2012

2011

Revenues

41,270

42,628

Operating margin

729

1,091

% of revenues

1.8%

2.6%

o/w Automotive

-25

330

% of revenues in sector

-0.1%

0.8%

o/w Sales Financing (RCI Banque)

754

761

Operating income

122

1,244

Net financial income

-266

-121

Capital gain from disposal of AB Volvo A shares

924

Contribution from associated companies

1,504

1,524

o/w Nissan

1,234

1,332

o/w Volvo

80

136

o/w AVTOVAZ

186

49

Current and deferred taxes

-549

-508

Net income

1,735

2,139

Net income group share

1,772

2,092

ADDITIONAL INFORMATION

The consolidated financial statements of the Renault group at December 31, 2012 were approved by the Board of Directors on February 13, 2013. The Group’s statutory auditors have conducted a limited review of these financial statements and their report will be issued shortly. The financial report, with a complete analysis of the financial results in 2012, is available for download in the Finance section of www.renault.com

Renault-Nissan Alliance and Unicredit to launch a sales finance joint venture in Russia

MOSCOW (Feb. 14, 2013) – Renault-Nissan Alliance (“Alliance”) and UniCredit have agreed to establish a dedicated automotive bank offering a wide range of financial services to Renault, Nissan and Infiniti brand customers and dealers in Russia.

The joint venture will be controlled by the Alliance which will have a 60% stake. UniCredit will participate as a qualified minority investor with a 40% stake.

The establishment of a directly controlled financing platform is aimed at further strengthening the Alliance’s competitive positioning in the Russian car market which is forecast to continue to grow rapidly over the next decade.

Russia is a key market for the Alliance. In 2012, more than a record 2.9 million new vehicles were sold in Russia. Over the same period, the Alliance posted record sales of 352,808 units (189,852 units for Renault, 153,747 units for Nissan and 9,209 units for Infiniti) corresponding to a market share of 12%.

Russia is also a core market for UniCredit where it operates through a fully owned subsidiary present on the market since 1989. Leveraging its participation in the joint venture, UniCredit plans to foster the growth of its retail banking activities in Russia.

The joint venture will further develop the successful and long standing cooperation between the Alliance and UniCredit which, in the Russian market, has been in place since 2007 in the form of a commercial agreement. The Alliance and UniCredit are partners also in other Central and Eastern European countries such as Czech Republic, Slovakia, Croatia and Hungary.

This project requires approvals from regulatory authorities for which filing is in process. The joint venture is expected to be operational by the end of 2013.

ABOUT THE RENAULT-NISSAN ALLIANCE

The Renault-Nissan Alliance is a strategic partnership between Paris, France-based Renault and Yokohama, Japan-based Nissan, which together sell one in 10 cars worldwide. The companies, which have been strategic partners since 1999, sold 8.1 million cars in nearly 200 countries in 2012. In addition to AVTOVAZ in Russia, the Alliance operates strategic collaborations with automakers including Germany’s Daimler, China’s Dong Feng, and India’s Ashok Leyland.

ABOUT UNICREDIT

UniCredit is one of Europe’s leading commercial bank with strong roots in 22 European countries. Our network, which is present in roughly 50 markets, includes about 9,400 branches and more than 157,000 employees as of 30 September 2012. In the CEE region, UniCredit operates the largest international banking network with nearly 3,800 branches.

The Group operates in the following countries: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Italy, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine and Hungary.