Revoz Sales Down 19% in 2012

Business,  27 Feb 2013  / By STA, T. M.

Revoz, the Slovenian subsidiary of French car maker Renault, reported on Tuesday a 19% drop in net sales revenues, which amounted to EUR 911m, for 2012 as a result of a drop in demand on the European market. Net profit stood at EUR 12.8m, down from almost EUR 14m in 2011.

Around 131,000 vehicles were manufactured at Revoz last year, which about 20% less than the year before (Photo: Revoz)
Around 131,000 vehicles were manufactured at Revoz last year, which about 20% less than the year before (Photo: Revoz)

Around 131,000 vehicles were manufactured at Revoz last year, which about 20% less than the year before. The drop is to be ascribed to a 18% drop in sales on the European market, especially in France, the company wrote in a press release.

Revoz has adapted its shifts to the reduced production and introduced additional measures for optimising operations. The company finished the year with just over 2,000 workers, while it employed more than 2,300 in 2011.

Revoz stressed in a statement that despite the difficult situation on the market, it had invested EUR 111m into the Edison project, which secures the future production of new Renault and Smart models at the plant.

The project is estimated to be worth EUR 400m in total. Of last year's EUR 111m, EUR 40m went for the construction of the required infrastructure.
 

Tags: Slovenia, Business, economy, automotive, revoz, Renault, crisis, European market, profit, demand


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