Renault Group exceeds its financial target in 2021

The Renault Group’s achievements announced this morning are enough to make you smile. With an operating margin of 3.6% in 2021, Renaulution’s goal of an operating margin of over 3% was achieved two years earlier than planned. The same applies to the € 2 billion fixed cost savings plan, which was implemented a year earlier than planned.

Group sales were € 46.2 billion, up 6.3% from 2020, and net income was € 966 million, confirming the good financial condition of the Renault Group in 2021 and future projects. To integrate.

In 2022, in a market still affected by the semiconductor crisis (total loss from production in 2022 is estimated to be 300,000 units), the Renault Group will have a product mix with the launch of Renault Megane E-Tech, Austral and Dacia. Will be integrated. jogger.

In the long run, the Renault Group will be in Europe by 2040 by reducing carbon emissions throughout the vehicle’s life cycle, including purchased materials and components, production sites, road vehicle emissions, and second life. We aim to achieve carbon neutrality in the world by 2050. Not only recycling. Over the last decade, the Renault Group and the Alliance have already invested more than € 10 billion in electrification. This movement is accelerating. The Alliance plans to invest € 23 billion over the next five years. Thanks to five popular electric platforms covering most segments, the Renault brand aims to be 100% electric by 2030 in European passenger cars.

The Renault Group also launched the ReFactory project over a year ago, transforming the Flins site (Evelyn, France) into the first European factory dedicated to the circular economy of mobility. “Vehicles Factory”, the first factory specializing in reconditioning used cars on an industrial scale, RE-ENERGY, which contributes to the development of applications centered on the second life of batteries and new energy, recycling activities, and re-parts RE-START, a utilization, materials, and innovation and training center project, brings together three entities: an innovation center servicing industry 4.0, a training campus, and an incubator dedicated to research and innovation in the circular economy. ..
A site that aims to repair 45,000 vehicles a year by 2023, repair 20,000 batteries a year by 2030, and hire 3,000 people by 2030.

Great prospects for the future of the Renault Group.

“”The Renault Group is significantly above its 2021 financial target, despite the impact of semiconductor shortages and rising raw material prices. This reflects the sustained pace of ongoing transformation of the Group, initiated within the framework of Renaulution. Thanks to the team’s constant commitment and leveraging alliances, we are accelerating the development of strategic ambitions to position the group as a competitive, technical and responsible benchmark player. “ Lucademeo, CEO of the Renault Group, talked about the group’s performance in 2021.

“These 2021 results have taken the Renault Group a decisive step towards recovery. This performance is linked to the first success of the Group’s strategy of prioritizing value over quantity and its strict financial discipline. The Group is further accelerating the implementation of strategic projects with the sole purpose of creating value for all stakeholders. “, Crotilde Delbos, Chief Financial Officer of the Renault Group, said.