Renault has posted first-quarter Group revenue up 0.2% to EUR13.2bn (US$16bn), with worldwide registrations increasing 4.8% to 935,041 vehicles.
Market share is now 4% (+0.1 points compared to 2017). Renault and Dacia brands each set a new sales record for a first quarter.
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In Europe, Group registrations increased by 2.8% in a market up 0.6%, due to sales of New Duster and Koleos.
Outside Europe, the Group recorded sales up 22.1% in Eurasia and 21.3% in the Americas, but is facing a slowdown in the Africa Middle-East India (-5.3%) and Asia-Pacific (-18.6%) regions.
Automotive, excluding Avtovaz revenues, amounted to EUR11.6bn, down 2.5%. The decrease was mainly explained by a negative currency effect of 4.8 points, due to the strong devaluation of the Group’s main currencies (Argentine peso, Brazilian real, Turkish lira, US dollar).
Avtovaz’s contribution to the Group’s revenues totalled EUR716m in the quarter, up 25.8%, due to strong growth in Lada sales and despite a negative exchange rate effect of EUR85m.
Outlook 2018:
In 2018, the global market is expected to grow 2.5% compared to 2017. The European market is forecast to expand 1% with an increase of 1% for France.
At international level, Russia is expected to grow by close to 10%. Brazil, as well as China, are predicted to grow by more than 5% and India by 6%.
Within this context, Groupe Renault confirms its guidance:
- Increase Group revenues, at constant exchange rates and perimeter
- Maintain Group operating margin above 6%
- Generate a positive Automotive operational free cash flow
