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Renault is reaping the first fruits of its recovery plan

2021-07-30T16:00:46.778Z

The manufacturer, which returned to profit in the first half of the year, now has the means to finance its “Renaulution” transformation plan.



Running out of fuel in 2020, Renault refueled and picked up speed, reaping the first fruits of its strategic plan, dubbed “Renaulution”.

This despite the Covid-19 crisis, the sluggishness of the automotive market, tensions on raw materials and shortages of electronic chips.

The half-year results presented this Friday by the French manufacturer show it.

All indicators are green again.

Read also:

Renault: how the manufacturer wants to bounce back after a black year

The group posted a net profit of 368 million euros in the first half of 2021, against a loss of 7.39 billion a year earlier.

The turnover increased by 26.8%, to 23.4 billion, compared to the same period 2020. The operating margin became positive again (2.8%).

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Despite the shortages of electronic components, which could lead to a loss of production of 200,000 vehicles in 2021, and the increase in the price of raw materials, which will have an impact of 500 to 600 million euros in the second half of the year, we are ahead

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Source: lefigaro

All business articles on 2021-07-30

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