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Renault Group exceeds its 2021 targets and accelerates its Renaulution strategy

• 2021 financial outlook largely exceeded: • 2021 operating margin: 3.6% (vs. operating margin outlook of the same order as H1 2021 ie 2.8%) reaching, 2 years ahead of schedule, the Renaulution objective of an operating margin above 3% in 2023 • Automotive operational free cash flow (FCF) before change in working capital requirement: €1.6bn (vs the positive Automotive operational FCF outlook)

•Renaulution objectives achieved in advance, acceleration of the Group's strategy:

•Cash fixed cost reduction plan of €2bn compared to 2019 carried out one year ahead of schedule

•Reduction of breakeven point by 40% compared to 2019, achieved 2 years in advance (initial reduction target of more than 30% by the end of 2023)

•Efficiency of the Renaulution commercial policy, which favors value over volumes (price effect at +5.7 points in 2021) and which will continue in 2022

•Group orderbook in Europe with more than 3 months of sales, supported by the attractiveness of the Renault E-TECH offer, Arkana, light commercial vehicles, Dacia Sandero and Dacia Spring 100% EV

•Continued improvement in 2022 in the product mix and enrichment of vehicles in particular with the launch of Renault Megane E-TECH and Austral, Dacia Jogger


More information in the attached document.


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