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.

Free Trial

Step 1 of 2

This field is for validation purposes and should be left unchanged.
Name(Required)

By pressing “Send” you agree to the Privacy Policy of this site

No Credit Card needed, after filling up the form you will receive your Free-Trial login information in 24 to 48 hours by e-mail.

ImprintPrivacy Policy

All Rights Reserved © aicorite.com