GROUPE RENAULT : Quarterly information - September 30, 2019
PRESS
RELEASE#RenaultResults
REVENUES OF €11.3 BILLION IN THE THIRD QUARTER OF
2019
- Group revenues reached €11,296 million (-1.6%) in the
quarter. At constant exchange rates and
perimeter1, the decrease would have been
-1.4%.
- The Group sold 852,198 vehicles in the quarter, down
-4.4% in a global market down -3.2%2. Excluding
Iran, the decrease would have been -1.8% in a market down
-2.3%.
- The Group is pursuing its pricing policy in the third
quarter.
Boulogne-Billancourt, 10/25/2019
COMMERCIAL RESULTS: THIRD QUARTER
HIGHLIGHTS
In the third quarter, Groupe Renault sold
852,198 vehicles, down -4.4% in a market that fell by -3.2%.
Excluding Iran, the decrease would have been -1.8% in a market down
-2.3%.
In Europe, the Group recorded a
-3.4% decline in sales in a market up +2.4%. This decrease is
partly due to a high comparison basis related to the introduction
of the WLTP3 for passenger cars in September 2018 and the awaiting
of the full availability of New Clio in Europe.
In regions outside Europe, the
Group over-performed the market. In a market down -6.2%, the Group
recorded a -5.4% decrease in sales, mainly due to the decline in
markets in Turkey (-21.7%), Argentina (-30.0%), and the end of
sales in Iran since August 2018 (23,649 vehicles sold in the third
quarter 2018). Excluding Iran, sales would have been down
-0.3%.
In Eurasia, market share
increased by +1.8 points. Group sales increased by +5.1% despite
the fall of the Turkish market. Sales volume increased in
Russia (+6.1%) in a market down -1.2%, thanks in
particular to the launch of Arkana and the continuing success of
Lada products.
In Americas, market share was
up +0.2 points. Brazil saw its volumes increase by
+5.6% but Argentina recorded a fall of -37.7%.
In Africa, Middle East, India and
Pacific region, excluding Iran, market share was up +0.1
points. Sales volumes in the region are impacted by the decline of
its main markets. In India, market share increased
by +0.5 points, thanks to the successful launch of Triber. Sales
fell by -7.8% in a market down -27.4%. In South
Korea, the Group recorded a sales increase of +11.5% in a
market down -1.7% thanks to the success of QM6.
In the China region, Group's
volumes were down -15.5% in a market down -5.0% awaiting the launch
of New Captur and Renault City K-ZE, the new electric city car.
THIRD QUARTER REVENUES BY OPERATING
SECTOR
In the third quarter of 2019, Group
revenues reached €11,296 million (-1.6%). At constant
exchange rates and perimeter4, Group revenues would have decreased
by -1.4%.
Automotive excluding AVTOVAZ
revenues amounted to €9,662 million, down -3.9%. Sales to partners
dropped by -5.5 points due to lower production for Nissan and
Daimler, the closure of the Iranian market since August 2018 and
the decline in demand for diesel engines in Europe.The negative
-0.7 points currency effect was mainly due to the devaluation of
the Argentinian Peso. The volume effect weighed -0.8 points, mainly
due to the fall in the Argentinian, Indian, Turkish markets and a
high comparison basis in 2018 in Europe. This decrease was
partially offset by a favorable impact of the change in
inventories. The price effect was positive by +2.1 points. It
reflects the effects of the Group's pricing policy in Europe as
well as efforts to offset the devaluation of the Argentinian
Peso.
Sales Financing (RCI Banque)
posted revenues of €843 million in the third quarter, up +5.4%
compared to 2018. The number of new financing contracts fell -0.8%,
mainly due to lower activity in Argentina and in Turkey. Average
performing assets increased by +5.1% to €47.6 billion.
AVTOVAZ contribution to Group
revenues amounted to €791 million in the quarter, up +26.2%, after
taking into account a positive exchange rate effect of €59 million.
At constant exchange rates, revenues would have been up +16.7%.
OUTLOOK 2019
In 2019, the Global Automotive market5 is
expected to decline by around -4% compared to 2018 (versus around
-3% previously anticipated).
The European market is expected to be between 0%
to -1% (versus stable previously), the Russian market to be down by
around -3% (versus -2% to -3% previously) and the Brazilian market
to grow around +7% (versus around +8% previously).
On October 17, 2019, Groupe Renault revised its
guidance:
- Published Group revenues should decline between -3% and
-4%
- Group operating margin should be around 5%
- The Automotive operating free cash flow should be positive in
H2 while not guaranteed for the full year.
GROUPE RENAULT CONSOLIDATED
REVENUES
(€ million) |
2019 |
2018 |
Change2019/2018 |
Q1 |
|
|
|
Automotive excluding AVTOVAZ |
10,916 |
11,646 |
-6.3% |
Sales Financing |
844 |
793 |
+6.4% |
AVTOVAZ |
767 |
716 |
+7.1% |
Total |
12,527 |
13,155 |
-4.8% |
Q2 |
|
|
|
Automotive excluding AVTOVAZ |
13,875 |
15,221 |
-8.8% |
Sales Financing |
859 |
820 |
+4.8% |
AVTOVAZ |
790 |
761 |
+3.8% |
Total |
15,524 |
16,802 |
-7.6% |
Q3 |
|
|
|
Automotive excluding AVTOVAZ |
9,662 |
10,057 |
-3.9% |
Sales Financing |
843 |
800 |
+5.4% |
AVTOVAZ |
791 |
627 |
+26.2% |
Total |
11,296 |
11,484 |
-1.6% |
9 months YTD |
|
|
|
Automotive excluding AVTOVAZ |
34,453 |
36,924 |
-6.7% |
Sales Financing |
2,546 |
2,413 |
+5.5% |
AVTOVAZ |
2,348 |
2,104 |
+11.6% |
Total |
39,347 |
41,441 |
-5.1% |
TOTAL GROUP’S SALES PC+LCV BY
REGION
|
Q3 |
Ytd end of September |
Regions |
2019 |
2018 |
% var. |
2019 |
2018 |
% var. |
France |
136,645 |
142,320 |
-4.0% |
516,099 |
531,536 |
-2.9% |
Europe* (Excl France) |
280,722 |
289,548 |
-3.0% |
972,440 |
971,386 |
+0.1% |
France + Europe Total |
417,367 |
431,868 |
-3.4% |
1,488,539 |
1,502,922 |
-1.0% |
Africa Middle East India Pacific |
99,392 |
124,205 |
-20.0% |
319,205 |
428,201 |
-25.5% |
Eurasia |
183,507 |
174,664 |
+5.1% |
536,112 |
546,428 |
-1.9% |
Americas |
109,543 |
110,709 |
-1.1% |
315,284 |
324,854 |
-2.9% |
China |
42,389 |
50,138 |
-15.5% |
132,138 |
167,849 |
-21.3% |
Total Excl France + Europe |
434,831 |
459,716 |
-5.4% |
1,302,739 |
1,467,332 |
-11.2% |
World |
852,198 |
891,584 |
-4.4% |
2,791,278 |
2,970,254 |
-6.0% |
* Europe = European Union (exclude France & Romania),
Island, Norway, Switzerland, Serbia and Balkan states
TOTAL SALES BY BRAND
|
Q3 |
Ytd end of September |
|
2019 |
2018 |
% var |
2019 |
2018 |
% var |
RENAULT |
|
|
|
|
|
|
PC |
425,786 |
491,797 |
-13.4% |
1,437,709 |
1,666,697 |
-13.7% |
LCV |
93,036 |
87,020 |
+6.9% |
309,338 |
301,673 |
+2.5% |
PC+LCV |
518,822 |
578,817 |
-10.4% |
1,747,047 |
1,968,370 |
-11.2% |
RENAULT SAMSUNG MOTORS |
|
|
|
|
|
|
PC |
21,621 |
20,218 |
+6.9% |
55,084 |
58,798 |
-6.3% |
DACIA |
|
|
|
|
|
|
PC |
156,194 |
141,484 |
+10.4% |
527,977 |
496,431 |
+6.4% |
LCV |
9,982 |
10,574 |
-5.6% |
35,291 |
33,777 |
+4.5% |
PC+LCV |
166,176 |
152,058 |
+9.3% |
563,268 |
530,208 |
+6.2% |
LADA |
|
|
|
|
|
|
PC |
100,803 |
97,050 |
+3.9% |
294,136 |
276,800 |
+6.3% |
LCV |
3,416 |
3,184 |
+7.3% |
9,166 |
9,918 |
-7.6% |
PC+LCV |
104,219 |
100,234 |
+4.0% |
303,302 |
286,718 |
+5.8% |
ALPINE |
|
|
|
|
|
|
PC |
1,103 |
749 |
+47.3% |
3,949 |
1,385 |
+185.1% |
JINBEI&HUASONG |
|
|
|
|
|
|
PC |
2,838 |
1,958 |
+44.9% |
7,253 |
10,615 |
-31.7% |
LCV |
37,419 |
37,550 |
-0.3% |
111,375 |
114,160 |
-2.4% |
PC+LCV |
40,257 |
39,508 |
+1.9% |
118,628 |
124,775 |
-4.9% |
GROUPE RENAULT |
|
|
|
|
|
|
PC |
708,345 |
753,256 |
-6.0% |
2,326,108 |
2,510,726 |
-7.4% |
LCV |
143,853 |
138,328 |
+4.0% |
465,170 |
459,528 |
+1.2% |
PC+LCV |
852,198 |
891,584 |
-4.4% |
2,791,278 |
2,970,254 |
-6.0% |
GROUPE RENAULT’S TOP 15 MARKETS YEAR-TO-DATE SEPTEMBER
2019
Year-to-date 09-2019 |
Volumes* |
PC+LCV market share |
|
|
(units) |
(in %) |
1 |
FRANCE |
516,099 |
25.8 |
2 |
RUSSIA |
367,679 |
28.9 |
3 |
GERMANY |
191,852 |
6.5 |
4 |
BRAZIL |
174,478 |
9.0 |
5 |
ITALY |
170,646 |
10.7 |
6 |
SPAIN+CANARY
ISLANDS |
144,293 |
12.8 |
7 |
CHINA |
132,078 |
0.8 |
8 |
UNITED
KINGDOM |
89,659 |
4.2 |
9 |
BELGIUM+LUXEMBOURG |
71,685 |
13.0 |
10 |
SOUTH KOREA |
60,402 |
4.8 |
11 |
INDIA |
54,507 |
2.1 |
12 |
POLAND |
53,608 |
11.7 |
13 |
ARGENTINA |
53,353 |
14.6 |
14 |
TURKEY |
53,037 |
18.9 |
15 |
ROMANIA |
52,871 |
37.6 |
* Sales, excluding Twizy
About Groupe RenaultGroupe
Renault has manufactured cars since 1898. Today it is an
international multi-brand Group, selling close to 3.9 million
vehicles in 134 countries in 2018, with 36 manufacturing sites,
12,700 points of sales and employing more than 180,000 people. To
address the major technological challenges of the future, while
continuing to pursue its profitable growth strategy, Groupe Renault
is focusing on international expansion. To this end, it is drawing
on the synergies of its five brands (Renault, Dacia, Renault
Samsung Motors, Alpine and LADA), electric vehicles, and its unique
alliance with Nissan and Mitsubishi Motors. With a 100% Renault
owned team committed to the Formula 1 World Championship since
2016, the brand is involved in motorsports, a real vector for
innovation and awareness.
FOR MORE INFORMATION, PLEASE CONTACT:
Frédéric
Texierfrederic.texier@renault.comDirector of Corporate
Communications+33 1 76 84 33 67 +33 6 10 78 49 20
Delphine
Dumonceaudelphine.dumonceau-costes@renault.comPress
officer+33 1 76 84 36 71+33 6 09 36 40 53
Renault Press: + 33 1 76 84 63 36Website:
Grouperenault.comFollow us: @Groupe_Renault
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.
2 The evolution of the Global Automotive market
for all brands also called Total Industry Volume (TIV) indicates
the annual variation in sales* volumes of passenger cars and light
commercial vehicles** in the main countries including USA &
Canada, provided by official authorities or statistical agencies in
each country, and consolidated by Groupe Renault to constitute this
world market (TIV). *Sales: registrations or deliveries or invoices
according to the data available in each consolidated
country.**Light commercial vehicles of less than 5.1 tons.
3 WLTP : Worldwide harmonized Light vehicles Test Procedures
4 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.
5 The evolution of the Global Automotive market
for all brands also called Total Industry Volume (TIV) indicates
the annual variation in sales* volumes of passenger cars and light
commercial vehicles** in the main countries including USA &
Canada, provided by official authorities or statistical agencies in
each country, and consolidated by Groupe Renault to constitute this
world market (TIV). *Sales: registrations or deliveries or invoices
according to the data available in each consolidated
country.**Light commercial vehicles of less than 5.1 tons.
- 20191025_PR_Q3_GROUPE RENAULT VDEF
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