logo
  

Renault Q1 Revenue Down 2.7%

French automaker Groupe Renault (RNT.L) reported that its first quarter revenue was 9.7 billion euros, down 2.7% from last year. At constant scope and exchange rates, the decrease was 0.7%.

Excluding the activities of AVTOVAZ and Renault Russia, the Group's revenue was 8.9 billion euros, down 1.1% and Automotive revenue was 8.1 billion euros, down 1.0% from the previous year.

Renault Group, in a context disrupted by the semiconductor crisis and the conflict in Ukraine, sold 552,000 vehicles in the first quarter of 2022, down 17.1% from the first quarter of 2021.

The Group's order book in Europe at the end of March was at a 15-year high and represented 3.9 months of sales.

Renault Group confirmed its financial outlook as announced on March 23, 2022. The Group confirmed a total 2022 production loss estimated at 300,000 vehicles, mainly in the first half of the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Factory Orders, Job Openings, and Labor Turnover Survey might be the major highlights on Tuesday. Fed speeches also will get attention. Early signs from the U.S. Futures Index suggest that Wall Street might open higher. Asian shares finished broadly up and European shares are progressing. As... North Korea fired a long-range ballistic missile over Japan, evoking international condemnation. The unprovoked surprise launch Tuesday morning did not cause any harm, and the missile fell into the Pacific Ocean, reports said. The missile reportedly covered 4,600 kilometers - a distance enough to target the American island of Guam in the Pacific. This marks Pyongyang's first missile launch over Hospitality company Hilton has teamed with connected fitness platform Peloton Interactive, Inc. to feature Peloton Bikes across its entire U.S. hotel portfolio. In an industry-first partnership, Hilton's nearly all 5,400 U.S. Hilton-branded hotels will feature at least one Peloton Bike in every fitness center by the end of the year.
RELATED NEWS
Follow RTT