Therefore,
Renault red nissan, provost confident:
FILE PHOTO: Launch of the new Renault Triber in Mumbai
by Gilles Guillaume
RENAULT RENA.PA reported on Thursday of a net loss, part of the group, of 11.18 billion euros in the first half, consequence in particular of an exceptional loss of 9.3 billion on its participation in Nissan whose accounting method he modified. Therefore,
The diamond group. Similarly, who appointed the evening before the evening François Provost New Director General to replace Luca de Meo, who left to direct the Luxury Kering group, also announced that by excluding the impacts related to Nissan – the exceptional loss and the negative contribution to the results, which will no longer renault red nissan, provost confident affect the result the following exercises – its net profit, part of the group, reveals a benefit of 461 million euros over the first six months of the first six months of the first six months of the first six months of the first six months of The year. Therefore,
This figure was nevertheless divided by three over one year. Similarly, in particular reflecting the degradation observed on the market for utility vehicles, costs associated with the rise of electric vehicles and commercial pressures in a more competitive environment. However,
In the first half, the turnover of the French car manufacturer increased by 2.5% to 27.6 billion euros while its operating margin fell from 2.1 points to 6%, half due to utility vehicles. Meanwhile,
“I am convinced that Renault Group is in good position to create value. Moreover, at the best and sustainable way, renault red nissan, provost confident for the coming years,” said François Provost quoted in a press release, saying confident in the group’s fundamentals. Similarly, “Renault Group’s profitability remains a reference in our industry, and we are determined to maintain this standard.”
During a teleconference with financial analysts. the new managing director added that he would apply a vision based on products, on partnerships and multicultural and not only European.
“Fast. peaceful” transition
His appointment, after a transition, including Renault president Jean-Dominique Senard said that it had been as “fast, calm and peaceful” as possible, intervenes in a context of degradation of the group’s performance.
Following a deterioration of market conditions in June. especially in vans and vans, a very profitable market where the diamond brand is the leader, Renault had lowered its annual forecasts, which it had so far always maintained unlike several other manufacturers.
renault red nissan, provost confident The group, whose sales in volume slowed down at +1.3% in the first half, now says to expect an operating margin around 6.5% in 2025, against at least 7% previously targeted, and a free cash flow between 1.0 billion and 1.5 billion euros, compared to at least 2 billion euros previously anticipated.
During a press teleconference. the financial director Duncan Minto said they plan a rebound in the operational margin in the second half, which should come out close to the level of the same era of last year (7.1%), in particular thanks to an inversion of the negative effect of the deconstation of thermal and hybrid engine activity.
Renault welcomed new investors to this entity – Geely and Aramco – to share costs and gain agility.
“The first semester will be the crossing point. we will benefit from the second half of less renault red nissan, provost confident strong costs than those we had when we made the engines ourselves,” added Duncan Minto.
The financial details already published this month confirm that “the profits in terms of price have now reached a peak. that growth outside Europe has diluted the mix”, comment Jefferies analysts in a note.
If international development should reduce dependence on a gloomy European market. the models sold out of Europe often display lower prices and the geographic mix in the first half has weighed up to 1.1 points on the growth of turnover.
“The internal experience of the new director general François Provost should help respond to the challenges that are both operational. strategic,” add Jefferies analysts.
On the Paris Stock Exchange, the Renault action fell 2.3% in the first exchanges, when the CAC was practically stable at the same time.
(Written by Gilles renault red nissan, provost confident Guillaume, edited by Blandine Hénault)
Renault red nissan, provost confident
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