The year has got off to a difficult start for Renault, as the group prepares for severe turbulence in the coming months. The group posted a net loss of 141 million euros in 2019, after ten years in the green. It saw its sales fall by 3.4%, to 3.75 million vehicles. As for turnover, it decreased by 3.3% last year, to 55.53 billion euros. The operating margin fell from 6.3% to 4.8%, losing 950 million euros. Nissan (in which Renault is the largest shareholder with 43%), which had given it a dividend of 1.5 billion euros in 2018, offered it in 2019 only 242 million.
Interim CEO Clotilde Delbos highlighted the decline in sales in many markets, and admitted that Renault was also going through “ internal difficulties ”: the consequences of the Ghosn affair within the group and especially on the alliance with Nissan and Mitsubishi.
Read also: Renault: major challenges to relaunch both the manufacturer and the Alliance
But 2020 could prove even more trying: Renault is exposed to coronavirus risk,
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