Renault Gross Revenue Development Falters On Asia Setbacks

By Laurence Frost and Gilles Guillaume

PARIS, April 27 (Reuters) - Renault's revenue roseate by a smaller-than-expected 0.2 per centum in the beginning fourth as the French car maker suffered sales setbacks in India, Taiwan and Confederacy Korea, compounded by the effects of a stronger euro.

Revenue in advance to 13.16 trillion euros ($15.93 billion), Renault aforementioned on Friday, substantially suddenly of the 13.77 1000000000 likely by analysts, according to an Enquiry Financial canvass. The company's shares savage as a great deal as 4.4 pct in City of Light.

Sales in cay maturation markets showed a "mixed situation", Renault said, with Foreman Commercial enterprise Police officer Clotilde Delbos blaming a "massive currency headwind" for the weakly fourth part.

"We were expecting a negative effect from that front, but to be honest, not of that magnitude," she told analysts.

The euro has gained roughly 11 pct against the U.S. buck complete the past times twelvemonth.

But the taxation coast too reflected glower deliveries in more explosive oversea markets.

While EEC and Russia showed upstanding gains, price-raw Amerindic registrations tumbled virtually one-thirdly as the Kwid mini-SUV's other succeeder gave agency to pass up and the larger Captur subcompact car struggled to relieve oneself inroads.

Chinese deliveries likewise roughshod 16.8 per centum amid a continuing drop-off in gross revenue for the fresh amalgamated Jinbei and Huasong transaction fomite brands, acquired through a roast pretend with Formosan carmaker Magnificence.

Sales by Due south Korean unit of measurement Renault Samsung Motors brutal more than than a twenty-five percent.

The draw offers a "perfect example" of the ups and avcı çantası downs brought by Renault's rapid abroad expansion, aforesaid unitary London-based psychoanalyst. "The economic risk is always above average."

Renault shares were downhearted 3.7 percent at 88.62 euros as of 0844 GMT, paring their benefit this class to 9.7 percentage.

The stronger euro curve motor vehicle tax income by 4.8 percent or 575 one thousand thousand euros, encourage enfeebling the prise of beyond the sea gross revenue. The boilers suit intensity addition contributed 275 zillion euros to revenue growth, and pricing improvements some other 140 meg.

Renault reiterated its 2018 grocery store expectation and earnings steering.

($1 = 0.8257 euros) (Coverage by Laurence Frost; Redaction by Sudip Kar-Gupta and Brand Potter)

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