Renault, turnover +1.8% within the first quarter. Objectives for 2024 confirmed | EUROtoday

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Renault Group's turnover grew to 11,707 million euros, i.e. +1.8% and +5.9% at fixed trade rates1 in comparison with the primary quarter of 2023. Worldwide gross sales elevated by 2.6% to 549,099 items, European ones grew by 4.3%. Revenue on the automotive division fell 0.7% to 10.45 billion euros, primarily because of the devaluation of the Argentine peso and the Turkish lira, Renault mentioned. The firm confirmed its monetary outlook for 2024: group working margin higher than or equal to 7.5% and free money circulation higher than or equal to 2.5 billion euros.

«The revenues of the primary quarter – acknowledged the monetary director, Thierry Pieton – proceed to show the rigorous utility of our business coverage targeted on worth. The sturdy order e book on the finish of March and our upcoming launches will present a sequential acceleration of the enterprise. Together with elevated price discount, they’ll drive our monetary efficiency. Day after day, our group is gaining agility and pace of execution, that are clear strengths within the present context.”

The order book in Europe is equivalent to 2.5 months of sales, a figure which, according to the transalpine company, «reflects the success of the products and the excellent start of the year in terms of order collection, even if the launches of the main products are expected for the rest of the year.”

As for electrified automobiles, they reached 48% of the gross sales combine, with a rise of 8 factors in comparison with the primary quarter of 2023. Fully electrical automobiles, however, represented 10.5% of the gross sales combine and their gross sales are anticipated to develop with the upcoming launches.

Launches in 2024

In 2024 there will probably be 7 launches for the model Renault: 2 new electrical autos with Scenic E-Tech Electric and Renault 5 E-Tech Electric; 2 new hybrid autos in Europe: Rafale E-Tech and Symbioz; new Renault Master (in thermal and electrical variations); 2 new autos on non-European markets: Kardian and a Renault Korea Motors car (D-Suv). Furthermore, the Renault model may even be capable to rely on the renewal of the Captur and the launch of the Renault Duster on worldwide markets.