.  . .
.. . . . Related Topics: The cars:
Related Topics
© 1998 - 2005 Copyright
& |
.
Renault: Results1999 by Divisions
For the Year 1999 Renault Revenues Rose by 5.2%(1) to FRF 246.6 Billion (37.6 Billion Euros) Renault revenues totaled FRF 246,589 million (37,592 million euros) in 1999, compared with FRF 243,934 million (37,187 million euros) in 1998, an increase of 5.2% on a consistent basis. Revenues generated outside France accounted for 63.5% of the total, compared with 61.4% in 1998. Revenues of the Automobile Division were FRF 195,068 million (29,738 million euros) in 1999, up 4.2% from 1998, on a consistent basis. Renault unit sales hit a historic record in 1999, at 2.29 million vehicles, (1.99 million passenger cars and 300,000 light commercial vehicles), which put its worldwide market share at 4.3%. In Western Europe, where it had a market share of 11.3%, Renault strengthened its position as the number one brand in passenger cars and light commercial vehicles. Renault sales, at 1,910,000 units, expanded more rapidly than the market as a whole (8.5% vs. 5.3%). Despite negative economic conditions, Renault also reinforced its first place positions in Argentina and Turkey, which are its traditionally strong markets outside Europe. On other markets, Renault sales continued to move ahead at a steady pace, with a particularly sharp gain in Brazil. The Clio, which was the top-selling small car on the European market, was the brand's principal growth engine, while the Megane and the Kangoo continued to score strong gains internationally. Revenues of the Commercial Vehicles Division were FRF 42,470 million (6,474 million euros), an increase of 10% over the 1998 level, on a consistent basis. This rise was due to higher unit sales which, as in the case of the Automobile Division, were at a record high with 93,230 trucks sold in 1999 (including 5,790 Master vans sold in the Renault V.I. dealer network), against 86,850 in 1998, on a consistent basis. This performance was primarily attributable to Mack Trucks, whose sales registered a steep 15.8% gain, to 40,135 units. Thus in the United States, on a historically strong market for Class 8 trucks (over 16 tonnes), Mack continued its expansion, for the seventh consecutive year, and improved its market share, to 13.1% (from 12.8% in 1998). In Europe, Renault V.I. maintained its positions, with a market share in trucks over five tonnes of 10.7% in 1999 (10.8% in 1998). Irisbus, in its first year of operation, sold 8,780 vehicles and confirmed its leadership positions on the French, Italian, Spanish and Czech markets. Its market share on the five principal European markets (Germany, Spain, France, the United Kingdom and Italy) was 26.4%. Revenues of the Finance Division - essentially consisting of interest income from sales financing activities - were FRF 9,051 million (1,380 million euros), up 3.3% over the 1998 figure, on a consistent basis. This growth was due to a significant increase in credits outstanding, which more than offset the impact of lower interest rates. Revenues of the Nissan financial subsidiaries were FRF 823 million (125 million euros). (1) On a consistent basis Source: Renault
|
