Renault recorded revenues of 52.4 billion in 2023, up 13.1% (+17.9% at constant exchange rates) on 2022 and a record operating margin of 4.1 billion, equal to 7.9% of revenues, 1, 5 billion more than the previous year with a record operating margin in cars: 3.1 billion equal to 6.3% of revenues, 1.6 billion more than 2022. The car manufacturer recorded a net profit of 2.3 billion (3 billion more from the red in 2022) and can thus distribute a growing dividend of 1.85 euros per share (it was 0.25 euros the previous year).
"Today the Renault group records record results. These results are the fruit of enormous team work and reflect the success of our Renaulution strategy. Our fundamentals have never been stronger and we will not stop here. In 2024 we will benefit from a number of unprecedented vehicle launches, which will showcase the renewal of the Renault Group, while continuing to optimize our cost structure. At the same time, we are advancing the Group's profound transformation at incredible speed, with important steps forward made for our major projects and an acceleration of our EV and software strategy. Our organization offers flexibility and increases performance. This is a strength in a challenging environment! I would like to thank the teams for these results. All together, we are creating a new Renault group much more efficient and performing, which is creating value for all stakeholders", declared Luca de Meo, CEO of the French group.
For further information ANSA Renault Agency: De Meo, "company size is not enough" anymore - Industry and Analysis - Ansa.it "In the car industry, size (of a manufacturer, ed.) is a condition that remains necessary, but I'm not sure that today is enough" to be successful: this was stated by Renault's number one, Luca De Meo, interviewed by the newspaper Le Figaro.
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For further information ANSA De Meo Agency, "merger succeeds only when there is a will on both sides" - Mondo Motori - Ansa.it Do you rule out the possibility of a merger with other car manufacturers?
"On paper - replies Renault's number one, Luca De Meo, interviewed by the newspaper Le Figaro - Tesla could buy Volkswagen or Stellantis: it has the means to do so. (ANSA)
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