PRESS RELEASE

#RenaultResults                                                                           

1st QUARTER 2019

Revenues of €12.5 billion in the first quarter of 2019

  • Group sales decreased by 5.6% to 908,348 vehicles in a global market down 7.2%.
  • Group revenues amounted to €12,527 million in the quarter (-4.8%). At constant exchange rates and perimeter[1], the decrease would have been 2.7%.
  • The Group confirms its guidance for the year.

Boulogne-Billancourt, 04/26/2019

COMMERCIAL RESULTS: FIRST QUARTER HIGHLIGHTS

Groupe Renault worldwide sales (passenger cars PC + light commercial vehicles LCV) dropped by 5.6% in the first quarter, in a market down 7.2%. The market share shows resilience at 4.1% (+0.1 points compared to Q1 2018).

In Europe, Group sales increased by 2.0% in a market down 2.4%, thanks to the strong performance of Clio, New Duster, Zoe and LCVs.

In Brazil, Groupe Renault sales were up 29.4% with a record market share at 8.9%. Kwid confirmed its success in the region.
In Russia, the market and Group's sales were almost flat versus 2018 with a market share at 28.5%. Lada Granta is the best-seller in this market.
In Argentina and Turkey, Groupe Renault continues to gain market share with sales down 47% and 42% respectively, in markets down 49% and 44%.
In Iran, the application of US sanctions led to the cessation of sales for the Group since August 2018.

New product launches are in preparation, with the upcoming to be launched New Clio in Europe, Arkana in Russia, Triber in India and City K-ZE in China.

FIRST QUARTER REVENUES BY OPERATING SECTOR

In the first quarter of 2019, Group revenues came to €12,527 million (-4.8%). At constant exchange rates and perimeter1, the decrease would have been 2.7%.

Automotive excluding AVTOVAZ revenues amounted to €10,916 million, down 6.3%. This decrease was mainly explained by the negative volume impact (-4.7 points) and decreasing sales to partners (-3.1 points). The currency effect impacted negatively for 1.5 points, due to the devaluation of the Argentine peso, the Brazilian real, the Russian ruble and the Turkish lira. The price effect was positive by 0.3 points and mix effects by 1 point.

Sales Financing (RCI Banque) generated revenues of €844 million in the first quarter, up 6.4% compared to 2018. The number of new financing contracts decreased by 2.7% reflecting lower activity in Turkey and Argentina. Average performing assets rose 8.2% to €46.5 billion.

AVTOVAZ contribution to the Group's revenues totalled €767 million in the quarter, up 7.1%, thanks to Lada sales growth, and despite a negative exchange rate effect of €67 million.

OUTLOOK 2019

In 2019, the global market is expected to decrease about 1.6%.
The European market is expected flat providing that there is no hard Brexit.
Outside Europe, the Russian market is expected to grow about 3% (versus above 3% previously) and the Brazilian market should be up 10%.

Within this context, Groupe Renault confirms its guidance:   

  • Increase Group revenues (at constant exchange rates and perimeter1)
  • Achieve Group operating margin around 6.0%
  • Generate a positive Automotive operational free cash flow

[1]  In order to analyze the change in consolidated revenues at constant perimeter and exchange rates, Groupe Renault recalculates revenues for the current year by applying the average annual exchange rates of the previous year, and excluding significant changes in perimeter that occurred during the year.

Groupe Renault consolidated revenues

 (€ million) 2019 2018 Change
2019/2018
Q1      
Automotive excluding AVTOVAZ 10,916 11,646 -6.3%
AVTOVAZ 767 716 +7.1%
Sales Financing 844 793 +6.4%
Total 12,527 13,155 -4.8%

Total Group sales PC+ LCV by region

  Year-to-date March
  2019 2018 % Change
France 178,057 177,722 +0.2%
Europe (1) (excluding France) 324,920 315,230 +3.1%
Total France + Europe 502,977 492,952 +2.0%
Africa Middle-East India 83,811 120,536 -30.5%
Eurasia 158,487 165,720 -4.4%
Americas 97,917 103,402 -5.3%
Asia-Pacific 65,156 79,515 -18.1%
Total excluding France + Europe 405,371 469,173 -13.6%
TOTAL 908,348 962,125 -5.6%

(1) Europe = European Union, Iceland, Norway & Switzerland

Total Group sales PC+ LCV by brand

  Year-to-date March
  2019 2018 % change
RENAULT      
PC 471,378 544,033 -13.4%
LCV 105,504 104,764 +0.7%
PC+LCV 576,882 648,797 -11.1%
RENAULT SAMSUNG MOTORS      
PC 15,690 19,105 -17.9%
DACIA      
PC 171,458 160,869 +6.6%
LCV 12,584 10,776 +16.8%
PC+LCV 184,042 171,645 +7.2%
LADA      
PC 91,005 82,415 +10.4%
LCV 2,581 3,687 -30.0%
PC+LCV 93,586 86,102 +8.7%
ALPINE      
PC 1,406 39 +++
JINBEI&HUASONG      
PC 1,908 4,196 -54.5%
LCV 34,834 32,241 +8.0%
PC+LCV 36,742 36,437 +0.8%
GROUPE RENAULT      
PC 752,845 810,657 -7.1%
LCV 155,503 151,468 +2.7%
PC+LCV 908,348 962,125 -5.6%

Groupe Renault's Top 15 markets year to date March 2019

   Year-to-date 03 2019 Volumes (1) 
(units)
PC+LCV
Market Share

(in % )
1 France 178,057 26.38
2 Russia 111,712 28.52
3 Germany 59,714 6.26
4 Italy 58,688 10.10
5 Brazil 51,266 8.86
6 Spain + Canary Islands 47,219 12.71
7 China 42,687 0.72
8 United Kingdom 36,007 4.47
9 Belgium + Luxembourg 23,980 12.31
10 Argentina 20,637 15.33
11 India 19,193 1.90
12 Algeria 18,528 48.25
13 Poland 17,866 11.41
14 Morocco 17,647 43.42
15 Turkey 16,891 19.09

(1) Sales excluding Twizy

About Groupe Renault
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.9 million vehicles in 134 countries in 2018, with 36 manufacturing sites, 12,700 points of sales and employing more than 180,000 people.
To address the major technological challenges of the future, while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motorsports, a real vector for innovation and awareness.

For further information, please contact:

Astrid de-Latude
astrid.de-latude@renault.com
Press Officer
+33 1 76 83 18 84 / +33 6 25 63 22 08

Delphine Dumonceau-Costes
Delphine.dumonceau-costes@renault.com 
Press Officer
+33 1 76 84 36 71 / +33 6 09 36 40 53




[1]  In order to analyze the change in consolidated revenues at constant perimeter and exchange rates, Groupe Renault recalculates revenues for the current year by applying the average annual exchange rates of the previous year, and excluding significant changes in perimeter that occurred during the year.


Attachment