24m-euro profit for Renault and Peugeot

Renault Romania and Trust Motors, Renault and Peugeot importers, posted a cumulated net profit worth almost 24 million euros last year. Booming sales for imported cars were reflected in the accounts of the importers of French brands, which during the last few years left the German ones behind in terms of sales. Trust Motors, the Peugeot importer on the local market, reported a net profit worth 14.7 million euros last year, an almost 50% increase against the previous year. As a matter of fact, the Peugeot importer last year witnessed one of the most significant rises in profit in the industry, with Porsche Romania, the biggest importer on the market, being the only one to top it. Renault Romania, the importer of the French group Renault, also increased its business and profit last year. However, whereas for the Peugeot importer, the profit growth outpaced the turnover growth, the reverse happened for Renault. Renault Romania posted a net profit worth 8.6 million euros last year, almost 20% more than in the previous year, while turnover went up by over 76%. ZF