Mobilize Financial Services’ Post

Solid Q1 from the group in what is a really a rough market in the automotive world

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/dD7_UUcX 🚗♻️🔋 #Mobilize

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/e5JBpFvc 🚗♻️🔋 #Mobilize

Renault Group Q1 financial results are in. We are proud to contribute to these remarkable results in the first quarter, as part of Mobilize! In a transitional first quarter ahead of the commercial launches of 10 models between now and the end of 2024, Renault Group recorded 549,099 sales in 2024 Q1, up 2.6% versus 2023 Q1. In Europe, the Group maintained its third position with 391,490 units sold, up 4.3%. Mobilize Financial Services posted revenue of €1,246 million in 2024 Q1, up 27.9% compared to 2023 Q1, due to higher interest rates and to the increase of average performing assets (at €54.2 billion) which increased by 9.8% compare to 2023 Q1. Beyond this financial contribution, Mobilize is ready to support the growth of Renault Group’s automotive brands and the decarbonation of mobility worldwide. Learn more about Renault Group’s Q1 financial results: https://lnkd.in/eAPCVW6X 🚗♻️🔋 #Mobilize

2024 first half results: Renault Group breaks new records and continues to improve its performance New record profitability in 2024 H1: - Group revenue: €27.0bn, +0.4% and +3.7% vs. 2023 H1 at constant exchange rates - Automotive revenue: €24.4bn, -1.9% and +1.2% vs. 2023 H1 at constant exchange rates - Record profitability: Group operating margin: 8.1% of revenue (+0.5 points vs. 2023 H1), up €0.1bn vs. 2023 H1 - Automotive operating margin: 6.6% of revenue (+0.4 points vs. 2023 H1) Net income: €1.4bn (including €440m of capital loss on the disposal of Nissan shares) - Solid free cash flow: €1.3bn driven by a strong operational performance. It included €600m of Mobilize Financial Services dividend and a negative variation of working capital requirement of €209m - Record automotive net cash financial position: €4.9bn at June 30, 2024 (+€1.1bn vs December 31, 2023) Complementary and growing automotive brands: - Renault brand #3 in Europe, #1 in France and leader in LCVs - Dacia in the top 10 best-selling brands in Europe, with Sandero best-selling car across all channels - Alpine strong double-digit growth before new launches Strong orderbook in Europe at 2.6 months of forward sales, reflecting the strong order intake Very healthy level of total inventories at 500ku at June 30, 2024 (down 69ku yoy) Renault Group confirms its 2024 financial outlook: - A Group operating margin ≥7.5% - A free cash flow ≥€2.5bn #renault, #dacia, #alpine #mobilize #results https://lnkd.in/dmnEjPq3

Renault Group just released a strong set of Q1 figures: - Group revenue: €11.7 billion, up 5.9% at constant FX - Automotive revenue: €10.4 billion, up 3.6% at constant FX - Strong orderbook in Europe at 2.5 months of forward sales reflecting the success of our products and a very good start of the year in terms of order intake even though the key product launches are scheduled throughout the rest of the year - 2024 guidance fully confirmed with an operating margin above 7.5% and free cash-flow above €2.5Bn In 2024, we will benefit from a strong momentum with our product offensive and an acceleration on cost reduction... ⚡ Renault Group opened a new chapter with strong fundamentals: performance improvement and efficient capital allocation on the one hand and flexibility on the other. ⚡ Day after day, our organization is gaining in agility and speed in execution which are clear strengths in the current environment. ⚡ Renault Group, with its 3 auto brands Renault, Dacia and Alpine, is in the starting-blocks for the upcoming product offensive!!

Renault Stock Analysis (6-12 Months): Strong revenue & net income growth in Q1 2024. Upward trend in operating margin. 2024 targets confirmed, promising future. Strategic partnerships & exciting new projects underway. Launch of new electric vehicles - a step towards green mobility! ⚡️ Investment focus on software & automotive services for a tech-driven future. ⚙️ Share price on a positive trajectory. Solid financial position for stability. Overall, the outlook for Renault is positive for the next 6-12 months. However, remember to do your own research before making any investment decisions. #Renault #investment #stockmarket #stockanalysis #electricvehicle #innovation

Renault Group just released its 2024 Q3 revenue: our global product offensive starts to be reflected in our commercial and financial performance ⚡️Group revenue at €10.7bn, +5% vs Q3 23 at constant exchange rates ⚡️Auto revenue at €9.3bn, +2.6% vs Q3 23 at constant exchange rates, with a strong improvement in product mix ⚡️Solid orderbook at around 2 months, reflecting the sound order intake with supportive launches and with a strong Q4 to come ⚡️A very disciplined inventory management at 528k units ⚡️Commercial policy focused on value: - 68% retail sales: more than 23 points above the market - Positive evolution of our residual values to increase the competitiveness of our vehicles ⚡️2024 FY guidance confirmed with an operating margin above 7.5% and a free cash-flow above €2.5bn Thank you to all our teams, who are fully committed to accelerate our in-depth transformation and build our next chapter! #RenaultGroup #Renaulution

Renault Group 2024 Q3 revenue: +5.0% at constant exchange rates - FY 2024 financial outlook confirmed -2024 9-months:Group revenue at €37.7 billion, +0.8% vs 2023 9m, +3.7% at constant exchange rates - Auto revenue at €33.7 billion, -1.5% vs 2023 9m, +1.1% at constant exchange rates - 2024 Q3:Group revenue at €10.7 billion, +1.8% vs 2023 Q3, +5.0% at constant exchange rates - Auto revenue at €9.3 billion, -0.5% vs 2023 Q3, +2.6% at constant exchange rates - Continuous improvement in the product mix effect at +3.8 points #financial #results #q3 #revenue https://lnkd.in/d3tmXsXw

Renault is bringing the fire back 🔥 Starting with a new series of daily business news to keep you guys updated. Very excited to see the growth in profit margin and market share of Renault in FY 2025. #businessnews #renault #automobileindustry #every #evcars #business #strategy #2025