Renault– 1H09: no cash burn despite 16.5% sales slump

Renault announced a ‘significantly positive FCF’ for 1H09, despite an expected loss. European performance remains greatly disappointing. 1H09 sales decline -16.5%; rate of decline halved qoq to 11.0% in 2Q09.

071709 CGI Renault 1H09 sales-CF