Renault: first-half 2014 financial results

Improved operating margin in a contrasted environment Increase in registrations: +4.7% at 1.36 million units, notably thanks to 1.0 point market share gain in Europe. Group revenues at €19,820 million, down 3.0% vs H1 2013 (+0.9% at constant exchange rates). Automotive operating profit: €348 million, compared to €211 million in H1 2013. Group operating profit of €729 million (3.7% of revenues), compared to €583 million (2.9% of revenues) in H1 2013. Negative Automotive operational free cash flow: -€360 million (including a negative contribution of €861 million from the working capital requirement). Carlos Ghosn, Chairman and Chief Executive Officer of Renault, said: “Thanks to the success of its recently launched models, Renault’s registrations and profit improved in the first half. These results are in line with the full-year target.”