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2022 first half results_Renault Group upgrades its 2022 financial outlook and accelerates its transformation

• 2022 H1 results, a new step in the Group's turnaround: • Significant improvement in profitability: 4.7% operating margin • Strong free cash flow generation: €956 million • Strengthening of the financial structure: net debt reduced by €1.2 billion to -€426 million • Acceleration of the strategy focused on value and success of new vehicles • 2022 FY financial outlook upgraded • Capital Market Day in the fall to present the 2nd step of the Renaulution strategy and the update of the Group's mid-term financial outlook

"Renault Group is resolutely pursuing its in-depth transformation and turnaround of its activities. These first half results are a proof of this: despite all the headwinds related to the stop of the activity in Russia, the semiconductor crisis and cost inflation, the Group continues to improve its operating performance and is beginning to benefit from the success of new launches.

Having more than compensated for the loss of its Russian activities and continuing its high-speed transformation, Renault Group is upgrading its 2022 full-year financial outlook. In the fall, new mid-term financial outlook and the accelerated roll-out of Renaulution will be presented during its Capital Market Day. All our energies are mobilized to transform Renault Group into a competitive, tech and sustainable player." said Luca de Meo, CEO of Renault Group.


More information to be found in the attached document.

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