Press release
Press release

Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

17 October 2019  18:10

Boulogne-Billancourt, October 17, 2019

Due to an economic environment less favorable than expected and in a regulatory context requiring ever-increasing costs, Groupe Renault revises its guidance for FY2019.

  • Published Group revenues should decline between -3% and -4% (previous guidance:  close to last year level at constant exchange rates and perimeter).
  • Group operating margin should be around 5% (previous guidance: around 6%).
  • The Automotive operating free cash flow should be positive in H2 while not guaranteed for the full year (previous guidance: positive FY Automotive operational free cash flow).

Besides, the new management team is reassessing the “Drive the Future” mid-term plan targets.

Groupe Renault’s Q3 2019 revenues stood at 11.3 billion euros versus 11.5 billion euros in Q3 2018, down -1.6%. At constant exchange rates and perimeter1, the decline would have been -1.4%.

Automotive excluding Avtovaz revenues amounted to 9.7 billion euros in Q3 2019, down -3.9% versus Q3 2018 (-3.2% at constant exchange rates and perimeter [1]).

The details of these revenues will be published as planned on the 25th of October.

An analysts conference will be held in English today at 6:45 pm (CET) with Clotilde Delbos, Chief Executive Officer of Renault SA for an interim period. The link to follow the analysts conference is available here, without the possibility to ask questions.

[1] In order to analyze the change in consolidated revenues at constant perimeter and exchange rates, Groupe Renault recalculates revenues for the current year by applying the average annual exchange rates of the previous year, and excluding significant changes in perimeter that occurred during the year.

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Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

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Astrid De Latude

Astrid De Latude

Corporate Press Officer, Governance & Finance

Frédéric Texier

Frédéric Texier

VP Renault Group Communications

Renault Group is at the forefront of a mobility that is reinventing itself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in electrification, Renault Group comprises 4 complementary brands - Renault, Dacia, Alpine and Mobilize - offering sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group has sold 2.7 million vehicles in 2021. It employs nearly 111,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, Renault Group is committed to an ambitious transformation that will generate value. This is centred on the development of new technologies and services, and a new range of even more competitive, balanced and electrified vehicles. In line with environmental challenges, the Group’s ambition is to achieve carbon neutrality in Europe by 2040. https://www.renaultgroup.com/en/



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Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues
Groupe Renault revises its guidance for FY2019 and pre-announces its Q3 revenues

Renault Group is at the forefront of a mobility that is reinventing itself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in electrification, Renault Group comprises 4 complementary brands - Renault, Dacia, Alpine and Mobilize - offering sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group has sold 2.7 million vehicles in 2021. It employs nearly 111,000 people who embody its Purpose every day, so that mobility brings people closer. Ready to pursue challenges both on the road and in competition, Renault Group is committed to an ambitious transformation that will generate value. This is centred on the development of new technologies and services, and a new range of even more competitive, balanced and electrified vehicles. In line with environmental challenges, the Group’s ambition is to achieve carbon neutrality in Europe by 2040. https://www.renaultgroup.com/en/