GROUPE RENAULT: 3RD QUARTER 2021 INFORMATION
PRESS RELEASEOCTOBER 22,
2021 |
Third quarter 2021: priority given to value over
volume optimized revenues in a context strongly marked by the
semiconductor crisis
- Group
revenues amounted to
€9 billion for the
quarter, down 13.4%
(-14% at constant scope and
exchange
rates1)
while global
sales decreased by 22.3% to 599,027
vehicles.
- Renault
Group is continuing its
commercial policy initiated in
the third quarter of 2020,
which leads to an
increase in the share
of its sales on the most
profitable channels and
a positive price effect
of nearly 3
points in the
quarter.
-
The E-TECH2
line up accounted for 31.3% of
Renault brand's passenger car
sales in Europe in the
quarter.
- The renewal
of the Dacia line up is a
success, driven by New
Sandero and New
Duster. In the third
quarter, Sandero is
the best-selling car
in Europe,
Duster is the most sold
SUV in Europe and these
2 models are on the podium of the most sold vehicles
to retail clients
in Europe (1st
and 3rd
respectively).
- The Group's
order portfolio in Europe at the end of September 2021
stands at a record high for 15
years and represents
2.8 months of sales.
- The Group
estimates its production loss due to the lack of components for the
third quarter at around 170,000
units. Despite reduced visibility for the fourth quarter,
the Group anticipates a loss close to
500,000 vehicles for the
year.
- Despite the
increase in estimated
production losses for the year,
Renault Group
confirms its guidance to
reach a full year
Group operating margin
rate of the same order as the one of the first
half. The Group is also targeting
to achieve a
positive Automotive operational
free cash flow, excluding change in working
capital requirements, for
the fiscal
year.
- Renault
Group confirms that it is on track to
meet its 2021
CAFE3 target.
"The actions taken to
further lower costs and maximize
the value of our
production allow us to confirm
our guidance for the year despite the deterioration in
components availability in the
third quarter and reduced visibility for the fourth
quarter," said
Clotilde
Delbos, Chief
Financial Officer of Renault Group.
Boulogne-Billancourt, 2021/10/22 –
COMMERCIAL RESULTS:
THIRD QUARTER HIGHLIGHTS
In a context strongly disrupted by the
semiconductor crisis and production shutdowns, Renault Group sold
599,027 vehicles in the third quarter of 2021, a decrease of 22.3%
compared to 2020.The Group's sales in Europe (53% of total sales)
were down 26.3%. International sales fell by 17.3%.
The decline in revenues, limited to -13.4%,
confirms the positive impact of the Group's commercial policy
oriented towards better value from sales.
Renault brand The Renault brand sold 365,934
vehicles worldwide, down 24.4% compared to the third quarter of
2020. In the five main European countries (France, Germany, Spain,
Italy and the United Kingdom), the brand is growing on the
most profitable sales channels:
the share of retail sales is up 6 points compared to the third
quarter of 2019, pre-crisis period.
In Europe, sales of E-TECH4
passenger cars are up 29% and represent 31.3% of sales in the
quarter thanks to the success of the launch of Arkana, which marks
the successful return of the Renault brand in the C segment with
more than 40,000 orders in 9 months, 56% of which are E-TECH
hybrid.
Sales of light commercial vehicles worldwide
were up 1.4%, in a market down 11.2%, thanks to the performance of
Master and Trafic.
Dacia and Lada brands
The Dacia brand sold 138,375 vehicles, a
decrease of 11.2%. However, Dacia hasoutperformed the market thanks
to the success of New Sandero, the best-selling vehicle in Europe
in the quarter and New Duster which is leader in its segment in
Europe in the quarter. These 2 models are on the podium of the most
sold vehicles to retail clients in Europe (1st and 3rd
respectively).
Dacia Spring, the most affordable electric
vehicle on the European market, has recorded more than 30,000
orders since its recent start of sales to retail customers.Dacia
presented its brand-new family and versatile 7-seater model,
Jogger, whose order take will begin at the end of the year.
The Lada brand retains the leadership of the
Russian market despite a 27.8% drop in sales. LADA Vesta and LADA
Granta remain the best-selling vehicles in this market.
THIRD QUARTER REVENUES BY OPERATING
SECTOR
In the third quarter of 2021,
Group revenues
reached €8,987 million, down 13.4% compared to last year. At
constant scope and exchange rates5, the decrease would have been
14%.
Automotive sales excluding
AVTOVAZ were €7,685 million, down 14.1%.
This variation is primarily explained by a
decrease in volumes (-20 points). This volume effect is mainly due
to the shortage of semiconductors and strict commercial policy.
Currency effects were positive at 0.3 points due
to the revaluation of some currencies (Brazilian Real, Pound
Sterling, Russian Ruble).
The price effect, positive by 2.9 points,
reflected the continuation of our value over volume policy.
However, it is impacted by a high Q3 2020 comparison basis and by
lower price increases in emerging markets in the absence of
negative exchange rate effects.
The impact of sales to partners was negative by
-1.2 points. It is mainly the result of lower sales of diesel
engines to our partners, who were also impacted by the lack of
components.
The product mix effect of +1.6 points reflected
the success of the Arkana model launched at the beginning of the
year and the good performance of light commercial vehicles.
The geographical mix effect of -1.4 points came
from a lower decline in international sales than that in
Europe.
The "other" effect showed a positive
contribution of 3.7 points largely related to the restatement of
sales with buy back commitment, which were down compared to the
third quarter of 2020.
AVTOVAZ's contribution to Group
revenues, down 19.0%, was €537 million for the quarter. At constant
exchange rates, AVTOVAZ's contribution would have been down
23.9%.
Mobility Services contributed
€6 million to revenues for the third quarter of 2021.
Sales Financing (RCI Bank and
Services) posted revenues of €759 million in the third quarter,
stable compared to the third quarter of 2020.
As of September 30, 2021, total
inventories (including the independent network) represent
340,000 vehicles compared to 470,000 at the end of September
2020.
OUTLOOK
2021
Despite the increase in estimated production
losses for the year, Renault Group confirms its guidance to reach a
full year Group operating margin rate of the same order as the one
of the first half.
The Group is also targeting to achieve a
positive Automotive operational free cash flow, excluding change in
working capital requirements, for the fiscal year.
Renault Group's consolidated revenues
(EUR million) |
2020 |
2021 |
Variation 2021/2020 |
1st quarter |
|
|
|
Automotive excluding AVTOVAZ |
8,591 |
8,566 |
-0.3% |
AVTOVAZ |
701 |
685 |
-2.3% |
Mobility services |
6 |
5 |
-16.7% |
Sales financing |
827 |
759 |
-8.2% |
Total |
10,125 |
10,015 |
-1.1% |
2nd quarter |
|
|
|
Automotive excluding AVTOVAZ |
7,136 |
11,773 |
+65.0% |
AVTOVAZ |
388 |
800 |
+106.2% |
Mobility services |
3 |
6 |
+77.8% |
Sales financing |
773 |
763 |
-1.3% |
Total |
8,300 |
13,342 |
+60.7% |
3rd quarter |
|
|
|
Automotive excluding AVTOVAZ |
8,948 |
7,685 |
-14.1% |
AVTOVAZ |
663 |
537 |
-19.0% |
Mobility services |
5 |
6 |
+20.0% |
Sales financing |
758 |
759 |
+0.1% |
Total |
10,374 |
8,987 |
-13.4% |
9 months cumulated |
|
|
|
Automotive excluding AVTOVAZ |
24,675 |
28,024 |
+13.6% |
AVTOVAZ |
1,752 |
2,022 |
+15.4% |
Mobility services |
14 |
17 |
+21.4% |
Sales financing |
2,358 |
2,281 |
-3.3% |
Total |
28,799 |
32,344 |
+12.3% |
Total PC+LCV Group sales by brand
|
3rd quarter |
Cumulative at the end of September |
|
2020 |
2021 |
% change |
2020 |
2021 |
% change |
RENAULT |
|
|
|
|
|
|
PC |
403,534 |
284,569 |
-29.5 |
1,027,490 |
988,761 |
-3.8 |
LCV |
80,260 |
81,365 |
+1.4 |
216,783 |
278,947 |
+28.7 |
PC+LCV |
483,794 |
365,934 |
-24.4 |
1,244,273 |
1,267,708 |
+1.9 |
RENAULT SAMSUNG MOTORS |
|
|
|
|
|
|
PC |
16,373 |
13,174 |
-19.5 |
69,515 |
40,082 |
-42.3 |
DACIA |
|
|
|
|
|
|
PC |
147,235 |
130,131 |
-11.6 |
343,159 |
369,542 |
+7.7 |
LCV |
8,600 |
8,244 |
-4.1 |
23,696 |
31,602 |
+33.4 |
PC+LCV |
155,835 |
138,375 |
-11.2 |
366,855 |
401,144 |
+9.3 |
LADA |
|
|
|
|
|
|
PC |
101,819 |
75,138 |
-26.2 |
249,677 |
283,345 |
+13.5 |
LCV |
4,616 |
2,494 |
-46.0 |
9,501 |
9,820 |
+3.4 |
PC+LCV |
106,435 |
77,632 |
-27.1 |
259,178 |
293,165 |
+13.1 |
AVTOVAZ |
|
|
|
|
|
|
PC |
997 |
1 |
--- |
9,517 |
183 |
--- |
ALPINE |
|
|
|
|
|
|
PC |
348 |
668 |
+92.0 |
1,047 |
1,669 |
+59.4 |
JINBEI&HUASONG |
|
|
|
|
|
|
PC |
313 |
17 |
-94.6 |
1,519 |
39 |
-97.4 |
LCV |
6,981 |
2,282 |
-67.3 |
17,910 |
15,669 |
-12.5 |
PC+LCV |
7,294 |
2,299 |
-68.5 |
19,429 |
15,708 |
-19.2 |
EVEASY |
|
|
|
|
|
|
PC |
0 |
944 |
--- |
0 |
2,281 |
--- |
RENAULT GROUP |
|
|
|
|
|
|
PC |
670,619 |
504,642 |
-24.7 |
1,701,924, |
1,685,902 |
-0.9 |
LCV |
100,457 |
94,385 |
-6.0 |
267,890 |
336,038 |
+25.4 |
PC+LCV |
771,076 |
599,027 |
-22.3 |
1,969,814 |
2,021,940 |
+2.6 |
The Group's 15 main markets at the end of
September 2021
|
|
Volumes YTD
Sept. 2021 |
Market
sharePC+LCV |
Market shareChange vs
2020 |
SALES |
|
(in units) |
(in % ) |
(in points) |
1 |
France |
391,483 |
24.6 |
-1.8 |
2 |
Russia |
367,348 |
29.2 |
-0.5 |
3 |
Germany |
128,996 |
5.8 |
-0.4 |
4 |
Italy |
117,227 |
9.0 |
-1.0 |
5 |
Brazil |
95,920 |
6.6 |
-0.4 |
6 |
Turkey |
86,894 |
15.6 |
-2.0 |
7 |
Spain |
84,785 |
11.0 |
-1.2 |
8 |
India |
75,786 |
2.8 |
0.0 |
9 |
Morocco |
52,125 |
39.6 |
-1.5 |
10 |
United
Kingdom |
51,186 |
3.2 |
-0.9 |
11 |
South
Korea |
42,803 |
3.4 |
-2.0 |
12 |
Belgium+Luxembourg |
38,716 |
9.3 |
-2.4 |
13 |
Poland |
38,287 |
9.6 |
-0.9 |
14 |
Colombia |
35,878 |
22.1 |
-0.4 |
15 |
Romania |
33,957 |
33.3 |
-6.9 |
About Renault
Group
Renault Group is at
the forefront of a mobility that is reinventing itself.
Strengthened by its alliance with Nissan and Mitsubishi Motors, and
its unique expertise in electrification, Renault Group comprises 5
complementary brands - Renault, Dacia, LADA, Alpine and Mobilize -
offering sustainable and innovative mobility solutions to its
customers. Established in more than 130 countries, the Group has
sold 2.9 million vehicles in 2020. It employs more than 170,000
people who embody its Purpose every day, so that mobility brings
people closer. Ready to pursue challenges both on the road and in
competition, Renault Group is committed to an ambitious
transformation that will generate value. This is centred on the
development of new technologies and services, and a new range of
even more competitive, balanced and electrified vehicles. In line
with environmental challenges, the Group’s ambition is to achieve
carbon neutrality in Europe by 2040.
https://www.renaultgroup.com/en/
Press
contacts
Rié YAMANE+33 (0) 6 03 16 35
20rie.yamane@renault.com
Astrid DE LATUDE+33 6 25 63 22
08astrid.de-latude@renault.com
1 In order to analyze the change in consolidated
revenues at constant perimeter and exchange rates, Renault Group
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.2
E-TECH line = full Electric vehicles + Hybrids + Plug-in hybrids3
CAFE : Corporate Average Fuel Economy4 E-TECH line = full
Electric vehicles + Hybrids + Plug-in hybrids
5 In order to analyze the change in consolidated
revenues at constant perimeter and exchange rates, Renault Group
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.
- Renault Group Press Release Q3 2021 VDEF
Renault (TG:RNL)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Renault (TG:RNL)
Historical Stock Chart
Von Apr 2023 bis Apr 2024