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Renault Group 2025 Q3 revenue up +6.8% - 2025 financial outlook confirmed
Globenewswire· 2025-10-23 05:00
Core Insights - Renault Group reported a 6.8% increase in Q3 2025 revenue, confirming its financial outlook for the year [1][23][27] Financial Performance - Q3 2025 Group revenue reached €11.4 billion, up 6.8% compared to Q3 2024, with an 8.5% increase at constant exchange rates [23][27] - Automotive revenue for Q3 2025 was €9.8 billion, a 5.0% increase from Q3 2024, with a 6.8% rise at constant exchange rates [24][27] - For the first nine months of 2025, Group revenue totaled €39.1 billion, reflecting a 3.7% increase compared to the same period in 2024 [6][27] Sales Performance - In Q3 2025, Renault Group sold 529,486 vehicles, marking a 9.8% increase year-on-year, with international sales up 14.9% and European sales up 7.5% [5][6][27] - The Renault brand sold 1,169,806 vehicles in the first nine months of 2025, a 3.8% increase compared to the same period in 2024 [12][27] - Dacia brand sales increased by 4.1% in the first nine months of 2025, with a notable 16.2% growth in Q3 [19][20][27] Electrification and Hybrid Sales - Renault Group's electrified vehicle sales rose by 58.6% in the first nine months of 2025, representing 43.9% of total sales [9][10] - In Q3 2025, the share of electric vehicles (EVs) reached 13.5% of total sales, with a 122.1% increase compared to Q3 2024 [10][16] - Hybrid vehicle sales grew by 25.0% in Q3 2025, with a total share of 30.4% for the first nine months [11][21] Strategic Focus - The company is committed to a value-over-volume strategy while focusing on cost reduction and maintaining a target operating margin of around 6.5% [3][29] - Renault Group is actively shaping its mid-term plan to accelerate transformation and unlock future opportunities [4][29] Market Performance - The Renault brand achieved significant growth in strategic regions, with notable increases in Latin America (+17.3%), South Korea (+213.7%), and Morocco (+46.3%) [7][14] - Dacia's retail sales accounted for 58.4% of total sales in the five main European countries, significantly above the market average [18][19] Future Outlook - The company anticipates a strong order intake in Q4 2025, with an order book standing at 1.6 months at the end of September [26][29] - Upcoming launches include the Renault Boreal (C-SUV), Renault Kwid E-Tech, and Alpine A390 [6][20]
Katrin Adt appointed DACIA brand CEO
Globenewswire· 2025-09-01 08:00
Core Insights - Katrin Adt has been appointed as the new CEO of the Dacia brand, succeeding Denis Le Vot, effective September 1, 2025 [2][3] - Adt brings nearly 26 years of experience in the automotive industry, having held various senior positions at Daimler and Mercedes-Benz, including CEO of Mercedes-Benz in Luxembourg and CEO of the Smart brand [6] - The Dacia brand is recognized for its affordable mobility solutions and is currently expanding with the launch of its new C-segment SUV, BIGSTER [5][12] Company Leadership - François Provost, CEO of Renault Group, expressed gratitude to Denis Le Vot for his contributions and welcomed Katrin Adt, highlighting her experience as a key asset for Dacia [3] - Fabrice Cambolive, Chief Growth Officer of Renault Group, emphasized Adt's expertise in business development and the importance of electrifying Dacia's product range [4] Brand Positioning and Strategy - Dacia is positioned as a specialist brand for affordable mobility, aiming to establish itself as a benchmark in electrified vehicles [4][12] - The brand has seen significant success, with models like Sandero and Duster becoming best-sellers in their respective categories in Europe [12] - Adt aims to continue Dacia's momentum and address the challenges of electrification while maintaining the brand's commitment to accessible mobility [7]