Renault Full-Year Report 2023
Highlights
- Strong improvement of all financials with record levels:
- Group revenue: €52.4bn, +13.1% and +17.9% at constant exchange rates vs 2022
- Record Group operating margin: €4.1bn or 7.9% of revenue (+2.4 pts vs 2022), up €1.5bn vs 2022
- Record Auto operating margin: €3.1bn or 6.3% of revenue (+3.0 pts vs 2022), up €1.6bn vs 2022
- Net income: €2.3bn, up €3.0bn vs 2022
- Record free cash flow: €3.0bn, up €0.9bn vs 2022
- Automotive net cash financial position at highest levels: €3.7bn at December 31, 2023 (up €3.2bn vs December 31, 2022)
- More than doubled ROCE: 28.5% in 2023 vs 12.6% in 2022