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Renault Sales Jump 7.3% on Partner Deals, Dacia Hit
23 Apr
Summary
- Renault's first-quarter sales increased by 7.3% from the previous year.
- Sales to partners, including Nissan and Geely, significantly boosted revenue.
- Production disruptions impacted Dacia brand sales, causing a 16.3% drop.
Renault's first-quarter sales experienced a notable surge of 7.3% compared to the previous year, exceeding market expectations. The company achieved sales of 12.53 billion euros, a significant increase driven by enhanced collaboration with partners such as Nissan and Geely. These partnerships contributed 5.9 percentage points to the overall growth.
The core automotive business revenue rose by 6.5%, reaching 10.8 billion euros, bolstered by strong performance from new models like the Clio 6. However, external factors presented challenges, including weather-related disruptions affecting shipping routes. This led to a 16.3% decrease in sales volume for the Dacia brand, while the Renault brand saw a modest 2.2% increase.
Looking ahead, Renault reaffirmed its 2026 financial objectives. The company anticipates an operating margin of approximately 5.5% and automotive free cash flow of about 1 billion euros. Renault also indicated plans to implement additional measures to counteract potential cost increases related to raw materials, energy, and logistics, stemming from global geopolitical events.
