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Press releaseOctober 21, 2022
Third quarter 2022: 20. 5% increase in profits and successful new launches
RG_2022T3 Ingresos_PR_GB
Group profit increased by 20. 5%1 to the third quarter of 2021 to EUR 9800 million
Automotive profit reached 9,000 million euros, up 21. 7%1; The group’s international sales amounted to 481,000 vehicles
Groupe Renault is accelerating its value-oriented advertising policy initiated in the third quarter of 2020:
Positive value effect of 12. 8 issues during the quarter, historical performance
Strong performance of the combine in the most successful channels: 70% of sales in the distribution channel (-6 issues in Q3 2021) in our five most sensitive countries in Europe2
Clear improvement in segments C and above: five issues at 41% of Group sales
Additional optimization of the advertising policy
This advertising policy is reinforced by the good fortune of the new products, which Groupe Renault consolidates its leadership in hybrid and electric mobility:
Renault Megane E-tech Electric has made a promising start with more than 37,000 orders since its launch in the second quarter, adding 75% in the top versions and 85% in the toughest engine.
Renault Arkana recorded more than 60,000 orders in 2022, 60% of which in the E-tech edition and 60% in distribution
Renault Austral, whose sales have just begun, marks the brand’s return to the C-SUV segment
Dacia Jogger registers more than 65,000 orders in 2022 and a combined 60% in the superior versions in Europe and more than 50% in the GPL3 and 7-seater versions
Dacia Sandero remains the best-selling vehicle to Americans in Europe
With more than 45,000 orders in Europe by 2022, the one hundred percent electric Dacia Spring is the 3rd best-selling electric vehicle to Americans in Europe
E-tech diversity (electric and hybrid) accounted for 38% of Renault’s passenger car sales in Europe during the first nine months, 12 numbers more than the first nine months of 2021.
The Group’s order book in Europe remains at an all-time high: at the end of September, solid in volume compared to the end of June
Groupe Renault confirms its monetary outlook for 2022
Groupe Renault will present, at its Capital Market Day on November 8, 2022, Chapter 2 of its Renaulution strategy as an update of its medium-term monetary outlook
“Groupe Renault is developing quarter after quarter. The expansion of the business in the third quarter continues to reflect our value-focused advertising policy, which has been in position for 2 years: improving the pricing policy, optimizing advertising discounts and prioritizing the most successful channels. The Group is also beginning to capitalize on the renewal of diversity with the promising start of the Renault Mégane E-tech Electric and the successful launch of the Dacia Jogger. The Renault Austral, recently released, reinforces the Group’s return to the C segment. These are all levers that drive the Group’s competitiveness and will enable us to achieve our 2022 targets as we look forward to unveiling new medium-term ambitions at our Capital Market Day on November 8,” said Thierry Piéton, Chief Financial Officer of Groupe Renault.
Boulogne-Billancourt, 21 October 2022
Business Results: Third Quarter Highlights
Groupe Renault, in a context still affected by the semiconductor crisis, sold 481,000 cars in the third quarter of 2022, 2. 4% less than the third quarter of 2021.
Groupe Renault continues its value-oriented advertising policy, which is reflected in an increase in its sales mix in the most successful channels. Among the five most sensitive European countries (France, Germany, Spain, Italy, United Kingdom), the percentage of sales to retail consumers represents 70% in the third quarter of 2022 (compared to 64% in 2021).
The Renault logo is strengthening its position in Europe in the electrified market with E-tech diversity, which accounts for 38% of its passenger car sales in the first nine months of the year, up to 12 issues until 2021, in a market that has 28% electrified. Mégane E-tech Electric has already recorded more than 37,000 orders since its launch in the second quarter, 75% of which are for the top versions and 85% for the maximum hardness engine. Hybrid diversity (HEV and PHEV), consisting of Renault Clio, Renault Captur, Renault Arkana and Renault Megane, grew by 34% through the third quarter of 2021. Renault thus confirms its position as a leading player in electric and hybrid mobility. Hybrid diversity will be strengthened until the end of the year, with the launch of Austral in Spain and France, and in early 2023 in other European countries. Internationally, the logo continues its policy of price creation and electrification, specifically with the launch of the Renault E-tech diversity at Lat. in America in the first part of 2023.
Dacia continues to enjoy strong good fortune driven by its more productive sales to Americans in Europe. Sandero remains the most productive vehicle in sales to Americans in Europe and Duster has achieved 2 million sales since its launch. The all-electric Dacia Spring has more than 45,000 orders in Europe by 2022 and is the most productive electric vehicle sold to Americans in France and the third most productive electric vehicle sold to Americans in Europe. Dacia Jogger is a good fortune with more than 65,000 orders in 2022 and a combine of more than 60% in the top versions. All models, ordered from June 16, 2022, feature the new identity logo presented to the public at the Paris Motor Show. The A110 Jean Rédélé games and the first 110 A110 R games (for Radicale) were booked in less than 2 hours.
The Group’s order book in Europe remains at an all-time high: at the end of September, solid in volume compared to the end of June.
Third Quarter Revenue
Following agreements to sell one hundred percent of Groupe Renault’s shares in Renault Russia to the City of Moscow and its 67. 69% stake in AVTOVAZ to NAMI (Central Institute for Automotive and Engine Research and Development) announced on May 16, 2022, the Russian activities were deconsolidated in Groupe Renault’s accounts and treated as discontinued operations under IFRS five with retroactive effect to the January 1, 2022.
The third quarter 2022 profit from ongoing operations no longer includes Russian business activities. The group’s profit for the third quarter of 2021 was adjusted according to this new scope of activity (impacts: AVTOVAZ – 537 million euros and Renault Russia – 330 million euros).
Group profit for the third quarter of 2022 9800 million euros, 20. 5% more than in the third quarter of 2021. With constant scope and exchange rates5, the group’s profit increased by 19. 4%.
Automotive profit reached 9,000 million euros, 21. 7% more than in Q3 2021. This strong improvement is basically due to:
A volume effect of 12. 5 issues basically due to a decrease in the liquidation of stocks of the corridor network in the third quarter of 2022 compared to the third quarter of 2021, more impacted by the EC crisis.
A positive value effect of 12. 8 emissions, after the first quarter with 5. 6 emissions and the second quarter with 8. 4 emissions. This effect reflects the continuation of value-oriented industrial policy, the optimization of industry discounts, and value increases to offset rate and currency inflation.
A combined product effect of 1. 7 issues resulting from the successful launch of Mégane E-tech Electrique in the second quarter of 2022.
An effect on sales to partners of -2. 3 points, basically similar to the fall in the production of diesel engines and cars for our partners (end of Opel Movano and Fiat Talento contracts at the end of 2021).
An “Other” effect of -3. 0 points, related to the lower contribution of network sales after firm disposals and the decrease in used car sales. The latter is explained by the relief of the fleet of cars with a buyback commitment, the return of which feeds the used vehicle fleet.
Mobility Services contributed €9 million to earnings for the third quarter of 2022 to €6 million in the third quarter of 2021.
Mobilize Financial Services (formerly RCI Bank and Services) generated a profit of €823 million in the third quarter of 2022, up 8. 4% from the third quarter of 2021. Average active assets (€45 billion) increased by 1. 4% in the same period in 2021. Average operating assets were supported by the consumer retail business, which recorded a 1. 9% accumulation in new financing. Records
As of September 30, 2022, total inventories (including the independent network) represented 421,000 cars compared to 340,000 cars at the end of September 2021. Inventories on the independent network remain at a low point of 184,000 cars. The Group’s inventories of 237,000 cars reflect the peak of summer production to meet demand in the fourth quarter.
Perspectives
Groupe Renault confirms its monetary outlook for fiscal year 2022 with:
Group margin greater than 5%
Automotive operating loose money of more than 1,500 million euros.
On its Capital Market Day on November 8, 2022, Groupe Renault will provide Chapter 2 of its Renaulution strategy as the update of its medium-term monetary outlook.
Consolidated Renault Group
(million euro)
2021 1
2022
Change 2022/2021
3rd trimester
Automotive
7 355
8 950
21,7%
Mobility Services
6
9
50,0 %
Sales Finance
759
823
8,4%
Total
8 120
9 782
20,5%
1 The effects presented correspond to ongoing transactions (excluding Avtovaz and Renault Russia, whose disposals were announced on May 16, 2022).
Groupe Renault’s 15 smartest markets by the end of September 2022
Year-to-date September 2022
Volumes 1
Vice President of Light Commercial Vehicles
(in units)
Market share
(in %)
1
francia
344 761
25. 2
2
Germany
106 921
5. 3
3
Italy
104 425
9. 5
4
Turkey
90 426
17. 4
5
Brasil
90 244
6. 4
6
Spain
72 706
10. 6
Seven
india
66 889
2. 0
8
united kingdom
54 620
3. 8
9
Morroco
48 342
40,0
Dix
South Korea
39 487
3. 3
11
colombia
37 350
21. 1
12
Belgium Luxembourg
36 095
9. 9
13
Poland
35 692
9. 9
14
Romania
35 618
33,6
15
Argentina
33 537
11. 2
1 Sales Twizy
Groupe Renault’s total light commercial vehicle sales through the brand
Third quarter
2021 1
2022 2
Change %
RENAULT
personal computer
256 423
241 865
-5,7
Inasmuch
81 183
79 538
-2. 0
VP VU
337 606
321 403
-4. 8
RENAULT KOREA ENGINES
personal computer
13 174
13 102
-0,5
DACIA
personal computer
130 051
143 636
10,4
Inasmuch
8 276
968
-88,3
VP VU
138 327
144 604
4,5
ALPINE
personal computer
664
784
18,1
JINBEI
personal computer
17
–
Inasmuch
2 282
–
VP VU
2 299
–
EASY
personal computer
872
1 369
57,0
MOBILIZE
personal computer
1
–
RENAULT GROUP
personal computer
401 201
400 757
-0,1
Inasmuch
91 741
80 506
-12. 2
VP VU
492 942
481 263
-2,4
1 2021 to proforma 2022 (excluding Renault Russia and AVTOVAZ). For information: Sales of 106 Kunits Renault Russia and AVTOVAZ in 2021 Q32 Preliminary figures
About Groupe Renault
Groupe Renault is at the forefront of mobility that reinvents itself. With its alliance with Nissan and Mitsubishi Motors, and its exclusive know-how in electrification, Groupe Renault includes four complementary brands – Renault, Dacia, Alpine and Mobilize – providing sustainable solutions and cutting-edge mobility responds to its customers. Present in more than 130 countries, the Group sold 2. 7 million cars in 2021. It employs about 111,000 more people who have their raison d’être every day, that mobility brings together other people. Ready to face demanding situations both on the road and in competition, Groupe Renault is committed to an ambitious and value-creating transformation. It revolves around the progression of new technologies and services, and a new diversity of even more competitive cars. , balanced and electrified. In relation to environmental issues, the Group’s ambition is to achieve carbon neutrality in Europe through 20four0. https://www. renaultgroup. com/fr/
RENAULT GROUP INVESTOR RELATIONS
Philippine de Schonen 33 6 thirteen forty-five 68 39philippine. de-schonen@renault. com
RENAULT GROUP PRESS RELATIONS
Frederic Texier 33 6 10 49 20frederic. texier@renault. com
Astrid de Latude 33 6 25 22 08astrid. de-latude@renault. com
1 2021 restated by divestments of AVTOVAZ and Renault Russia
2 France, Germany, Spain, Italy, United Kingdom3 LPG: liquefied petroleum gas4 2021 restated by the disposals of AVTOVAZ and Renault Russia
5 In order to analyse the evolution of consolidated earnings in a consistent scope and exchange rates, Groupe Renault recalculates the gain of the existing monetary year by applying the average exchange rates of the past era and significant adjustments in the scope of the era.
Attachment
RG_2022T3 Ingresos_PR_GB