Collapse in the stock market above 4% after presenting its 2019 results
Crashing Fall of Renault on the stock market this Friday at CAC 40 from Paris after some results of 2019 that are not liking the market. This is the first year with losses for the French automaker since 2009, and has also included a reduction in forecasts and expectations for 2020.
Renault stock shares fell 4.48% only half an hour after the opening of the Paris market and were the value of the selective index that, by far, more was losing at that time when the CAC-40 was down 0.09%.
The French automotive group lost 141 million euros in 2019, which is a notable worsening after earning 3,302 million 2018 and its operating margin decreased to 4.8% of its turnover, 1.5 percentage points less, reports Efe.
In addition, by 2020 the interim management – the new CEO, Luca de Meo, will take the reins in July – still expects lower operating profitability, with a margin between 3 and 4% of turnover.