Renault reports 2006 net income of €2.9 billion and 2.56% operating margin

By From autoindustry| Feb 09 2007
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Renault's global sales decreased 4% last year, although growth outside Europe continued, accounting for 30% of total sales. Renault achieved its 2006 operating margin target, generating net income of €2,943 million - a slight 0.8% dip in revenues. The company ended 2006 with a ratio of net debt to shareholders' equity of 11.4%.

The Group reported revenues of €41,528 million, down 0.8% on 2005 on a consistent basis.

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