Today’s Value at Paris Renault: Falling Volumes in 2021, but Rising Sales in Most Laudable Channels
(AOF) – Renault rose 0.95% to 33.86 euros per share on the Paris market, after taking stock of its global sales in 2021. In a context of shortage of semiconductors, the group in losange saw its sales decline 4.5% last year to around 2.7 million units. This is the third consecutive year of decline. However, the manufacturer continued its commercial policy initiated in the 3rd quarter of 2020 and which led to an increase in the share of its sales on the most commendable channels.
In the five main European countries (France, Germany, Spain, Italy, United Kingdom), the share of sales to individuals now represents 58%, up nearly 6 points compared to 2019 (pre-crisis).
At the end of December 2021, France (around 522,000 units) represented the group’s leading market, ahead of Russia (around 482,000 units), Germany (around 178,000) and Italy (around 154,000).
The group’s order portfolio in Europe doubled compared to 2020 and amounts to more than 3 months of sales, while inventories recorded an estimated drop of around 30% compared to 2020.
At the same time, the Renault group confirms that it has achieved its objectives in terms of CO2 emissions (passenger and commercial vehicles) in 2021. These results should be consolidated and formalized by the European Commission in the coming months.
The group has benefited from its E-Tech range (electric vehicles and hybrid engines) which now represents 30% of Renault passenger car sales in Europe, compared to 17% in 2020.
Renault will publish its annual results on February 18. Recall that last October, the group confirmed its 2021 objectives, namely an annual operating margin “of the same order as in the first half” (it had then reached 2.8%), but also an operating free cash flow Positive Automotive (excluding change in working capital requirement).
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