Renault Outperforms Peugeot on Car-Sales Growth Outside Europe

Renault SA, France’s second-biggest carmaker, reported earnings and cash flow for 2011 that outperformed larger competitor PSA Peugeot Citroen on sales growth in Brazil and Russia.

Renault’s earnings before interest, taxes and one-time items fell 0.7 percent last year, the carmaker said in a statement today. That was less than the 27 percent operating profit drop posted by Peugeot. Free cash flow from Renault’s car-manufacturing unit was 1.08 billion euros ($1.4 billion) versus negative cash flow of 1.65 billion euros at Peugeot.