Renault Group Q1 Report 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%.
In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group grew its sales thanks to the dynamism of its three automotive brands.
Highlights
- Group revenue at €11.7 billion, +5.9% at constant exchange rate
- Renault Group worldwide sales amounted to 549,099 vehicles in the first quarter, up 2.6% versus 2023 Q1. In Europe, Group sales were up 4.3%.
- Group revenue at €11,707 million, +1.8% and +5.9% at constant exchange rate versus 2023 Q1.
- Automotive revenue at €10,446 million, -0.7% and +3.6% at constant exchange rate versus 2023 Q1.
- Strong orderbook in Europe at 2.5 months of forward sales reflecting the success of 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.
- Renault Group continues its commercial policy focused on value with a focus on retail channel (66% of sales), on the C‑segment & above (37% of sales), on high trim versions which represented a large majority of last launches, and on electrification with hybrid and EV offers (48% of sales).
- Renault Group confirms its 2024 financial outlook:Group operating margin ≥7.5%
- Free cash flow ≥€2.5bn
