Renault: significantly improved profitability in 2022

( – Renault Group claims a significant improvement in its profitability for 2022, with net income from continuing operations at 1.6 billion euros, up 1.1 billion, and an automotive operating margin at 3.3%.

At group level, the operating margin improved by 2.8 points to 5.6%, compared to a financial outlook of ‘above 5%’, for revenue growth of 11.4% at 46.4 billion.

Automotive operational free cash flow reached a record level of €2.1 billion (including €800 million of Mobilize Financial Services dividend), up €1.2 billion from 2021.

A dividend of 0.25 euro per share will be proposed at the AGM on May 11. For 2023, Renault is aiming for a group operating margin greater than or equal to 6%, as well as an automotive operating free cash flow greater than or equal to two billion euros.

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