Renault boasts record operating profit

Renault Group reported record profitability and cash generation exceeding preliminary guidance for fiscal 2024. Group revenue was €56.2 billion, up 7.4% and 9.0% at constant exchange rates compared to 2023. This solid performance was driven by complementary automotive brands, all of which reported growth pivot meyle pret.

Renault boasts record operating profit

The Group's historical operating profit is in absolute terms EUR 4.3 billion (+EUR 146 million compared to 2023 and 15% growth excluding the effects of Horse), representing 7.6% of revenue.

The group reported a record operating profit in absolute terms of €4,263 million, €146 million more than in 2023. It represented 7.6% of revenue.

Adjusted for the impact of Horse operations, the Group's operating margin increases by 15% in absolute terms and by 0.5 points from 6.9% in 2023 to 7.4% in 2024.

The operating margin from the automotive business amounts to 5.9% of revenue from this business or 2,996 million compared to 3,051 million in 2023.

“Renault Group continues to improve its operating results, execute its strategy and achieve its objectives. 2024 was an important year with the first benefits of our unprecedented product offensive. This performance is the result of a profound transformation of the company, driven by remarkable teamwork. We have transformed Renault Group into a much more agile, efficient and productive company.

And we won’t stop there! Thanks to the solid foundations built over the past 4 years, and guided by a flexible and innovative mindset, we are now preparing the next chapter, aiming for profitable growth while investing in the future. I would like to thank our colleagues for these achievements: their passion, dedication and team spirit are the key drivers of our success,” said Luca de Meo, CEO of Renault Group.

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The Group's historical operating profit is in absolute terms EUR 4

The group reported a record operating profit in absolute terms of €4,263 million, €146 million more than in 2023