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).

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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.

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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