2022 third quarter: 20.5% increase in revenue & success of new launches
• Group revenue up 20.5% compared to 2021 Q3 at €9.8 billion
• Automotive revenue reached €9 billion, up 21.7%1; Group worldwide sales for the period amounted to 481,000 vehicles
• Renault Group is further accelerating its value-focused commercial policy initiated in 2020 Q3:
• Positive price effect of 12.8 points over the quarter, best historic performance
• Strong mix evolution on the most profitable channels: 70% of sales on the retail channel
(+6 points vs 2021 Q3) in our five main countries in Europe
• Marked improvement in the C and above segments mix: +5 points to 41% of Group sales
• Further optimization of the commercial discount policy
• This commercial policy is reinforced by the success of the new products, which enables Renault Group to consolidate its leadership in hybrid and electric mobility:
• Renault Megane E-tech Electric is experiencing a promising start with more than 37,000 orders since its launch in Q2, including 75% on the higher versions and 85% on the most powerful engine
• Renault Arkana recorded more than 60,000 orders in 2022, of which 60% were in E-tech version and 60% in the retail channel
• Renault Austral, whose sales just begin, signs the return of the brand to the C-SUV segment
• Dacia Jogger records more than 65,000 orders in 2022 and a mix of 60% on the higher versions in Europe and more than 50% in LPG version and in 7-seater version
• Dacia Sandero remains the best-selling vehicle to retail customers in Europe
• With more than 45,000 orders in Europe in 2022, Dacia Spring 100% electric is the
3rd best-selling electric vehicle to retail customers in Europe
• The E-tech range (electric and hybrid) accounted for 38% of Renault passenger car sales in Europe over the first 9 months, up 12 points compared to the first 9 months of 2021
• The Group's order book in Europe remains at a historic level: at the end of September, it was stable in volume compared to the end of June
• Renault Group confirms its 2022 financial outlook
• Renault Group will present, at its Capital Market Day on November 8th 2022, the chapter 2 of its Renaulution strategy as well as the update of its mid-term financial outlook
“Renault Group is progressing quarter after quarter. The growth of the activity in the 3rd quarter continues to reflect our commercial policy focused on value, set up for 2 years now: improvement of the pricing policy, optimization of commercial discounts and priority to the most profitable channels. The Group is also beginning to benefit from the renewal of the range with the promising start of Renault Megane E-tech Electric and the successful launch of Dacia Jogger. Renault Austral, which is currently being launched, reinforces the Group's return to the C segment. These are all levers that improve the Group's competitiveness and will enable us to achieve our 2022 objectives while waiting to unveil new mid-term ambition during our Capital Market Day on November 8th."
said Thierry Piéton, Chief Financial Officer of Renault Group.
More information to be find in the attached document.