Renault Q3 Report 2023
• 2023 Q3:
o Group revenue at €10.5 billion, +7.6% vs 2022 Q3, +13.8% at constant exchange rates
o Auto revenue at €9.4 billion, +5.0% vs 2022 Q3, +11.3% at constant exchange rates
o Group registrations up 6.1% globally and 15.3% in Europe
o Continued strong price effect at 7.5 points over the quarter
Group revenue for 2023 Q3 amounted to €10.5 billion, up 7.6% compared to 2022 Q3. At constant exchange rates, Group revenue was up 13.8%.
Automotive revenue reached €9.4 billion, up 5.0% compared to 2022 Q3, or +11.3% at constant exchange rates. The negative exchange rates effect of -6.3 points is mostly linked to the Argentinean peso devaluation and to a lesser extentto the Turkish lira. The rest of the variation is explained by the following:
• A volume effect of -1.6 points. The 6% growth in registrations was offset by higher destocking in the independent dealers’ network in 2023 Q3 compared to 2022 Q3 and coming back to normal seasonal evolutions.
• A geographic mix of +3.1 points benefiting from a higher mix of European sales.
• A still strong price effect of +7.5 points,reflecting the continuation of the commercial policy focused on value, price increases to offset currency effect along with an optimization of commercial discounts.