Renault Group Reports €11.7 Billion Revenue in Q1 2024, Growing 5.9% at Constant Exchange Rate
Renault Group has shown a promising start in 2024, recording a revenue of €11.7 billion, marking a 5.9% increase at a constant exchange rate. The company’s proactive approach to its commercial policy focused on value has been highlighted as a key factor in driving this positive performance.
Commercial Success in the First Quarter
Renault Group witnessed a 2.6% increase in sales in Q1 2024 compared to the same period last year. The European market, in particular, saw significant growth with 391,490 units sold, up by 4.3%. Notably, the Renault brand globally achieved a 3.1% sales increase, with a strong focus on value in its commercial strategy.
Renault Brand Highlights
Renault’s innovative lineup, including electric and hybrid models, contributed to its success in the market:
– More than half of the sales were under the retail channel.
– The C-segment and above vehicles constituted 37% of the sales, with high trim versions being popular.
– Electrified passenger car sales surged to 48% of the mix, driven by E-TECH Hybrid engines.
– The brand also strengthened its leadership in Light Commercial Vehicles (LCVs) in Europe.
The Renault brand is set to launch seven new models in 2024, including electric and hybrid vehicles, promising a groundbreaking year ahead.
Dacia and Alpine Performance
Dacia’s sales in Europe increased by 3.6%, with the Sandero becoming the top-selling car across all channels. Alpine experienced an 88.8% growth in registrations, with a successful run of the A110.
Financial Insights for Q1 2024
In terms of financial performance, Group revenue reached €11,707 million, up by 1.8% from Q1 2023. Automotive revenue stood at €10,446 million, showcasing a 3.6% increase at a constant exchange rate. Factors influencing this growth included pricing strategies, product mix, and geographic performance.
Renault Group aims for an operating margin of at least 7.5% and a free cash flow exceeding €2.5 billion for the full year 2024, bolstered by an upcoming product offensive and rigorous cost reduction measures.
Conclusion
Renault Group’s strong start in 2024 sets the stage for a promising year ahead. With an array of new vehicle launches and a focus on financial performance, the company is well-positioned to achieve its targets and continue its growth trajectory in the competitive automotive industry.
FAQ
1. What were Renault Group’s revenue figures for Q1 2024?
In Q1 2024, Renault Group reported a revenue of €11.7 billion, marking a 5.9% increase at a constant exchange rate.
2. How did Renault’s sales perform in Europe in the first quarter of 2024?
Renault Group achieved a 4.3% sales increase in Europe in Q1 2024, with 391,490 units sold.
3. What are Renault’s financial goals for the full year 2024?
Renault Group aims for an operating margin of 7.5% or higher and a free cash flow of over €2.5 billion for 2024.# Article
Renault Group Reports Strong Operational Performance and Cash Generation in 2024
Renault Group had a remarkable year in 2024 with the launch of 10 new vehicles, including 7 under the Renault brand, 2 under the Dacia brand, and 1 under the Alpine brand. The company significantly improved cost reduction measures and time-to-market strategies for both thermal and electric vehicles, setting a continuous trajectory for growth.
Renault Group’s Consolidated Revenue
According to the latest report, Renault Group’s consolidated revenue showed impressive growth in 2024. The chart below illustrates the revenue trend for the group:
Top Markets and Sales Performance
At the end of March 2024, Renault Group’s top 15 markets were identified. The chart presents a detailed overview of the performance in various markets:
Moreover, the total sales of passenger cars (PC) and light commercial vehicles (LCV) by brand were analyzed, giving insights into the brand-wise sales distribution:
In conclusion, Renault Group’s focus on innovation, cost-efficiency, and market expansion has led to a robust operational performance and significant cash generation in 2024.
Conclusion
Renault Group’s strategic initiatives in 2024, including new vehicle launches and improved cost reduction strategies, have contributed to its strong operational performance and cash generation. The company’s commitment to innovation and market presence reflects positively in its revenue growth and market performance.
FAQs
Q: How many new vehicles did Renault Group launch in 2024?
A: Renault Group launched a total of 10 new vehicles in 2024, including 7 under the Renault brand, 2 under the Dacia brand, and 1 under the Alpine brand.
Q: What contributed to Renault Group’s strong operational performance in 2024?
A: Faster cost reduction measures and improved time-to-market strategies for both thermal and electric vehicles played a vital role in Renault Group’s strong operational performance in 2024.
Q: Which were Renault Group’s top markets at the end of March 2024?
A: Renault Group’s top markets at the end of March 2024 varied, with the company analyzing performance in different regions to assess market dynamics effectively.
SOURCE: Renault Group
