In a time of crisis like the current one, where the shortage of elements and products has been the discordant note of a sector that has not finished recovering, little by little we find companies that have recovered their growth forecasts in a year in which the greatest automotive crisis in recent years was expected. Under this premise, Renault has found a significant improvement in profitability with 4.7% of operating margin and a net reduction in debt to €426 million.
The French group that is in a moment of reconversion, has improved its profitability, offering a qualitative leap in all sectorss. Renault indicates a Group turnover of 21.1 billion euros, stable compared to the 1st half of 2021, despite the 11.9% drop in the Group’s global sales in the period, in a market environment still affected.
On the other hand, they have a net business result of 657 million euros, 458 million euros more than in the same period of 2021. For its part, net debt is reduced by €1200 million compared to December 31, 2021, which correspond to 522 million of the transfer of activity in Russia.
Its success throughout the European continent lies mainly in the orders for the new Renault Arkana, which has more than 100,000 orders. In the case of the new Renault Megane E-Tech 100% electric, it has a launch of more than 25,000 reserved units, of which 75% is at the top of the range.
Renault has indicated that the semiconductor crisis has affected around more than 300,000 vehicles, but that has not meant a major crisis in the group, which foresees a financial perspective with an operating margin of more than 5% and a free cash flow of more than 1,500 million euros. The Group’s turnover reached 21,121 million euros, 0.3% more than in the 1st half of 2021. At constant exchange rates, it increases by 1.1% (negative exchange rate effect mainly related to the devaluation of the Turkish Lira).