Renault announced a net profit for 2008 of 599 million euros for the 2008 financial year. This was a 78% drop in profits from the 2007 financial year. European sales fell 4% and worldwide sales 7%, forcing Renault to abandon their 2009 growth targets. This however made Renault one of the few car makers to return a profit. Renault consistently struggled to return profits in the 1990s.
