Renault keeps 05 margin goal despite Q1 sales drop

Newswire

Paris, April 22 (Reuters) - French carmaker Renault said on Friday it kept its full-year 2005 guidance for a profit margin higher than 4 percent of revenues, despite posting a fall in first-quarter sales. "Compared to what we were expecting the first-quarter was a little bumpier in some areas, and a little better in others....We are in line with what we said for our margin guidance for the full-year", Alain Dassas, head of financial services, told an analysts' conference call.

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