trending Market Intelligence /marketintelligence/en/news-insights/trending/MP0jP504l8Hsyt5rZH9KBg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Renault Q3'19 revenue dips 1.6% amid auto market downturn, Iran sanctions

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Renault Q3'19 revenue dips 1.6% amid auto market downturn, Iran sanctions

French automaker Renault SA on Oct. 25 reported a 1.6% year-over-year fall in revenue for the third quarter of 2019 as the loss of the Iranian market due to international sanctions and the global slowdown in automobile sales took a toll.

Sales income fell to €11.30 billion from €11.48 billion in the year-ago period, below the S&P Global Market Intelligence mean consensus estimate of 11.96 billion, with five analysts reporting.

The results came a week after the company issued preliminary sales figures for the quarter and lowered its full-year guidance, forecasting a 3% to 4% decline in revenue and a group operating margin of about 5%.

Group vehicle sales, including budget brand Dacia and Russian brand Lada, fell 4.4% to 852,198. Renault said the global market fell 3.2% over the same period and attributed its performance largely to the loss of the Iranian market.

Renault said that when stripping out Iran, it outperformed the market in all geographies except Europe, where it posted a 3.4% decline in sales in a market that was up 2.4%. It cited a high comparison basis related to the introduction of the WLTP emissions testing standard and less-than-full availability of its new Clio model.

The group's passenger car sales fell 6% while light commercial vehicle sales rose 4%.

Renault said it now anticipates the global automotive market to shrink by 4% in 2019 versus its earlier guidance of 3%, based on revised expectations of sales in Europe, Russia and Brazil.

The company is hunting for new leadership after CEO Thierry Bollore was sacked after less than a year in the job. Analysts say the move was aimed at bringing in fresh blood to the group to patch up fragile relations with its industry alliance partner Nissan Motor Co. Ltd.

In morning trading in Paris, shares of Renault were down 0.5% at 48.74.