Renault H1 operating margin beats expecations

Newswire

PARIS, July 27 (Reuters) - Europe's fourth-largest car group, Renault of France, reported a 2.7 percent operating margin for the first half of 2006 on Thursday, beating expectations of a margin of 2.5 percent. Citing strong headwinds and higher raw material costs, Renault stuck to its full-year target of an operating margin of 2.5 percent but raised the expected cost impact of higher raw materials to 350 million euros ($446 million) from 250 million. Sales were up 0.4 percent at 21.55 ...

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