2023-04-20 05:20:04
The automaker benefited from a strong price effect over the first three months of the year.
By Le Figaro with AFP
Posted update
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The Renault group published Thursday a turnover up nearly 30% in the first quarter to 11.5 billion euros, not counting the effect of the withdrawal from Russia.
The manufacturer benefited from price increases, with good sales of hybrid, electric and C-segment vehicles with its Austral and Arkana SUVs, according to a press release from the group. The order portfolio remains well filled, at around 3.3 months of sales at the end of March, Renault said, estimating that it will remain above two months in 2023. The turnover no longer includes the activities of the group in Russia, from which Renault separated in May last year after the invasion of Ukraine, a drop of more than 800 million euros.
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The group confirmed its financial outlook for 2023, with an operating margin greater than or equal to 6% and free financial flows in the automotive sector greater than or equal to 2 billion euros. Renault had regained a foothold in 2022, offsetting sharply falling sales and the costly withdrawal from Russia with price increases, and thanks to profitable Dacia models. The annual turnover of the French manufacturer had thus jumped by 11.4% to 46.4 billion euros, with an operating margin multiplied by two to 2.6 billion euros and 5.6% of the turnover. business.
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