Renault Group’s Post

Renault Group just released a strong set of Q1 figures: - Group revenue: €11.7 billion, up 5.9% at constant FX - Automotive revenue: €10.4 billion, up 3.6% at constant FX - Strong orderbook in Europe at 2.5 months of forward sales reflecting the success of our products and a very good start of the year in terms of order intake even though the key product launches are scheduled throughout the rest of the year - 2024 guidance fully confirmed with an operating margin above 7.5% and free cash-flow above €2.5Bn In 2024, we will benefit from a strong momentum with our product offensive and an acceleration on cost reduction... ⚡ Renault Group opened a new chapter with strong fundamentals: performance improvement and efficient capital allocation on the one hand and flexibility on the other. ⚡ Day after day, our organization is gaining in agility and speed in execution which are clear strengths in the current environment. ⚡ Renault Group, with its 3 auto brands Renault, Dacia and Alpine, is in the starting-blocks for the upcoming product offensive!!

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/ewud_bvC 🚗♻️🔋 #Mobilize

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/dD7_UUcX 🚗♻️🔋 #Mobilize

Historical 2023 results - strong improvement of all financials for Renault Group - Exceeding 2023 FY financial guidance - Strong improvement of all financials with record levels - Strong orderbook in Europe at 2.5 months of forward sales - Renault Group back in the spotlight for its customers thanks to the successful renewal of the line-up. In 2023 and in Europe, Renault Group has 2 vehicles in the Top 3 of the best-selling cars and Renault brand has risen from 5th place to 2nd - In 2024, the product offensive with 10 launches and the acceleration of cost reductions will be the drivers for operational performance and strong cash generation. - A significantly higher dividend of €1.85 will be proposed to the vote of the Annual General Meeting on May 16, 2024 versus €0.25 per share in respect of 2022 financial year (+€1.60 per share) #renault #dacia #alpine #results # https://lnkd.in/eE8FV3ma

Renault delivered a solid Q1. Its share price managed already to do as well as Stellantis over 2 years and leaves VW in the dust. Renault also confirms to have an operating margin above 7.5% and FCF above €2.5bn in 2024. Get in touch with our analysts for a one-on-one session for a detailed outlook to fulfil your investment needs at www.alphavalue.com #automotive #Q1financialanalysis

Historic results for Renault Group   Renault Group released record results for 2023 with a strong improvement af all its financials:   ↗️ +18% growth vs 2022 at constant change ↗️ Record operating margin: 7.9%, at the top of the financial guidance and 2 points above our initial guidance (raised in June 2023) ↗️ Record free cash flow: €3bn, largely exceeding our financial guidance and €1bn above our initial guidance ↗️ Net result: +€3.0bn vs 2022 ↗️ Record ROCE: more than x2 vs. 2022, from 0% in 2021 to 28.5% in 2023 ↗️ Significant increase of the dividend: €1.85, +€1.60 vs last year     These results are the outcome of a tremendous teamwork 🤝🏼 and reflects the success of our Renaulution strategy. Renault Group is back in the spotlight thanks to the successful renewal of the line-up. In 2023 and in Europe, Renault Group has 2 vehicles in the Top 3🏅of the best-selling cars and Renault brand has risen from 5th place in Europe to 2nd.   And we will not stop there! In 2024, we will benefit from a strong momentum with 10 launches 🚘 and an acceleration on cost reduction. Renault Group will continue to improve its operational performance and generate strong free cash flow.   Press conference with Luca de Meo and Thierry Pieton today at 8.00am Paris time #Renaulution #RenaultGroup #Renault #Dacia #Alpine #Mobilize

Solid Q1 from the group in what is a really a rough market in the automotive world

Record 2023 results & strong improvement of all financial KPIs for Renault Group ↗️ +18% growth vs 2022 at constant exchange rates ↗️ Record operating margin at 7.9% ↗️ Record FCF at €3bn ↗️ Net Income: +€3.0bn vs 2022 ↗️ Record ROCE: More than x2 vs. 2022, from 0% in 2021 to 28.5% in 2023 ↗️ €1.85 dividend: +€1.60 vs last year These results are the result of a huge collective effort and highlight the success of our new vehicles, the effectiveness of our commercial policy focused on value and all the work made to reduce our breakeven point by more than 50% In 2024, we will continue to improve our operational performance and generate strong free cash flow. We will benefit from a strong momentum with 10 launches and an acceleration of cost reduction actions. Renault Group has never had such strong fundamentals, and you can count on us not to stop there ! 🏎️🏎️🏎️ #Renaulution #RenaultGroup #Renault #Dacia #Alpine #Mobilize

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/e5JBpFvc 🚗♻️🔋 #Mobilize

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/eAPCVW6X 🚗♻️🔋 #Mobilize