Cookie Consent by Free Privacy Policy website Third quarter 2021: priority given to value over volume optimized revenues in a context strongly marked by the semiconductor crisis
ottobre 22, 2021 - Renault

Third quarter 2021: priority given to value over volume optimized revenues in a context strongly marked by the semiconductor crisis

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  • Group revenues amounted to €9 billion for the quarter, down 13.4% (-14% at constant scope and exchange rates1 ) while global sales decreased by 22.3% to 599,027 vehicles.
  • Renault Group is continuing its commercial policy initiated in the third quarter of 2020, which leads to an increase in the share of its sales on the most profitable
    channels and a positive price effect of nearly 3 points in the quarter.
  • The E-TECH2 line up accounted for 31.3% of #renault brand's passenger car sales in Europe in the quarter.
  • The renewal of the Dacia line up is a success, driven by New Sandero and New Duster. In the third quarter, Sandero is the best-selling car in Europe, Duster is the most sold SUV in Europe and these 2 models are on the podium of the most sold vehicles to retail clients in Europe (1st and 3rd respectively).
  • The Group's order portfolio in Europe at the end of September 2021 stands at a record high for 15 years and represents 2.8 months of sales.
  • The Group estimates its production loss due to the lack of components for the third quarter at around 170,000 units. Despite reduced visibility for the fourth quarter, the Group anticipates a loss close to 500,000vehicles for the year.
  • Despite the increase in estimated production losses for the year, #renault Group confirms its guidance to reach a full year Group operating margin rate of the same order as the one of the first half. The Group is also targeting to achieve a positive #automotive operational free cash flow, excluding change in working capital requirements,for the fiscal year.
  • Renault Group confirms that it is on track to meetits 2021 CAFE3 target.

"The actions taken to further lower costs and maximize the value of our production allow us to confirm our guidance for the year despite the deterioration in components availability in the third quarter and reduced visibility for the fourth quarter," said Clotilde Delbos, Chief Financial Officer of #renault Group.

Further information in the press release to download

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