PRESS RELEASE
#RenaultResults
Revenues of €10,374 million in the third quarter of 2020
- Group revenues reached €10,374 million (-8.2%) in the quarter. At constant exchange rates and perimeter1, the decrease would have been -3.2%.
- The Group sold 806,320 vehicles in the third quarter, down 6.1%.
- September showed a positive momentum, particularly marked in
Europe , where Group’s sales were up 8% in a market up 3%. - With ZOE sales up more than 150% in the third quarter, the Group is on track to meet its CAFE2 targets for 2020.
- High level order book at
September 30, 2020 , up 60% while inventories are at a low point after a 22% decline compared toSeptember 30, 2019 .
Boulogne-Billancourt,
COMMERCIAL RESULTS: THIRD QUARTER HIGHLIGHTS
The third quarter of 2020 is marked by a recovery in the trend of the global automobile market, with a 4.0% drop compared with a 28% decline in the first half of the year.
In
In a European market down 5.0%, the Group maintained its good momentum, with 405,223 units sold in the third quarter (-2.9%). Market share increased by 0.2 points to 10.3%.
Sales of the Renault brand rose 0.8% thanks to the success of Clio, Captur and ZOE, which are each leaders in their respective categories.
Sales of the Dacia brand were down 9.9% mainly due to a high comparison base in the third quarter of 2019.
Electric vehicles: ZOE leader in a growing market
The Renault brand is the European leader in electric vehicles in a market up 107.2%. ZOE is the best-selling electric vehicle, with sales up 157.4% to more than 27,000 units over the quarter.
The good level of orders taken for the hybrid and full electric vehicles reinforce the Group's ability to meet its CAFE3 targets for 2020.
Outside
Group sales were down 9.0%, mainly impacted by a 50.9% drop of sales in
In
In
THIRD QUARTER REVENUES BY OPERATING SECTOR
In the third quarter of 2020, Group revenues reached €10,374 million (-8.2% compared to last year).
At constant exchange rates and perimeter4, Group revenues would have decreased by 3.2%.
Automotive excluding AVTOVAZ revenues amounted to €8,948 million, down 7.4%. This decrease is mainly explained by a drop in volumes (-6.8 points), partly due to inventory adjustments.
Sales to partners dropped by 3.3 points explained by lower vehicles and components production for our partners.
The currency effect was negative 4.2 points stemming from the Group’s exposure to emerging markets.
The price effect, positive +5.5 points, came from increases to cover currency devaluations and our pricing discipline policy.
The product mix effect was positive 1.1 points and mainly reflected the increase in ZOE sales.
The "other" effect had a positive contribution of 0.3 points.
AVTOVAZ contribution to Group revenues amounted to €663 million in the quarter, down 16.2%, after taking into account a negative exchange rate effect of €153 million. At constant exchange rates, AVTOVAZ contribution would have been up 3.2%.
Mobility Services contributed €5 million to third-quarter 2020 revenues.
Sales Financing (
The Automotive activity at
GROUPE RENAULT CONSOLIDATED REVENUES
(€ million) | 2020 | 2019 | Change 2020/2019 |
Q1 | |||
Automotive excluding AVTOVAZ | 8,591 | 10,916 | -21.3 % |
AVTOVAZ | 701 | 767 | -8.6 % |
Mobility Services | 6 | - | +++ |
Sales Financing | 827 | 844 | -2.0 % |
Total | 10,125 | 12,527 | -19.2 % |
Q2 | |||
Automotive excluding AVTOVAZ | 7,136 | 13,875 | -48.6 % |
AVTOVAZ | 388 | 790 | -50.9 % |
Mobility Services | 3 | - | +++ |
Sales Financing | 773 | 858 | -9.9 % |
Total | 8,300 | 15,523 | -46.5 % |
Q3 | |||
Automotive excluding AVTOVAZ | 8,948 | 9,662 | -7.4 % |
AVTOVAZ | 663 | 791 | -16.2 % |
Mobility Services | 5 | - | +++ |
Sales Financing | 758 | 843 | -10.1 % |
Total | 10,374 | 11,296 | -8.2 % |
9 months YTD | |||
Automotive excluding AVTOVAZ | 24,675 | 34,453 | -28.4 % |
AVTOVAZ | 1,752 | 2,348 | -25.4 % |
Mobility Services | 14 | - | +++ |
Sales Financing | 2,358 | 2,545 | -7.3 % |
Total | 28,799 | 39,346 | -26.8 % |
GROUPE RENAULT’S TOP 15 MARKETS YEAR-TO-DATE SEPTEMBER 2020
Year-to-date 09-2020 | Volumes* | PC+LCV market share | |
(in %) | (in %) | ||
1 | 382,916 | 26.4 | |
2 | 324,526 | 29.6 | |
3 | 137,973 | 6.2 | |
4 | 113,483 | 0.7 | |
5 | 107,050 | 10.0 | |
6 | 90,202 | 7.0 | |
7 | 86,859 | 17.6 | |
8 | SPAIN+CANARY ISLANDS | 86,146 | 12.2 |
9 | 73,581 | 5.4 | |
10 | 60,083 | 4.1 | |
11 | BELGIUM+LUXEMBOURG | 50,045 | 11.7 |
12 | 49,532 | 2.8 | |
13 | 40,237 | 40.2 | |
14 | 35,308 | 41.1 | |
15 | 35,064 | 10.5 |
* 2020 Q3 (sales), excl Twizy
TOTAL GROUP’S SALES PC+LCV BY REGION
Q3 | Ytd end of September | |||||
Regions | 2020 | 2019 | Change % | 2020 | 2019 | Change % |
140,382 | 136,645 | +2.7 | 382,916 | 516,099 | -25.8 | |
264,841 | 280,818 | -5.7 | 646,505 | 972,653 | -33.5 | |
405,223 | 417,463 | -2.9 | 1,029,421 | 1,488,752 | -30.9 | |
Africa Middle East India Pacific | 87,573 | 99,376 | -11.9 | 238,330 | 317,353 | -24.9 |
Eurasia | 207,309 | 189,758 | +9.2 | 504,776 | 536,030 | -5.8 |
63,464 | 109,342 | -42.0 | 177,291 | 315,109 | -43.7 | |
42,751 | 42,389 | +0.9 | 113,540 | 132,138 | -14.1 | |
Total Excl France + | 401,097 | 440,865 | -9.0 | 1,033,937 | 1,300,630 | -20.5 |
World | 806,320 | 858,328 | -6.1 | 2,063,358 | 2,789,382 | -26.0 |
*
TOTAL SALES BY BRAND
Q3 | Ytd end of September | |||||
2020 | 2019 | Change % | 2020 | 2019 | Change % | |
RENAULT | ||||||
PC | 403,420 | 428,120 | -5.8 | 1,027,513 | 1,436,733 | -28.5 |
LCV | 80,160 | 93,198 | -14.0 | 216,683 | 309,635 | -30.0 |
PC+LCV | 483,580 | 521,318 | -7.2 | 1,244,196 | 1,746,368 | -28.8 |
PC | 16,373 | 21,621 | -24.3 | 69,515 | 55,084 | +26.2 |
DACIA | ||||||
PC | 147,194 | 159,612 | -7.8 | 342,964 | 526,474 | -34.9 |
LCV | 8,084 | 10,335 | -21.8 | 23,506 | 35,716 | -34.2 |
PC+LCV | 155,278 | 169,947 | -8.6 | 366,470 | 562,190 | -34.8 |
LADA | ||||||
PC | 101,863 | 100,867 | +1.0 | 249,704 | 294,192 | -15.1 |
LCV | 4,580 | 3,433 | +33.4 | 9,463 | 9,190 | +3.0 |
PC+LCV | 106,443 | 104,300 | +2.1 | 259,167 | 303,382 | -14.6 |
ALPINE | ||||||
PC | 351 | 1,101 | -68.1 | 1,050 | 3,948 | -73.4 |
JINBEI&HUASONG | ||||||
PC | 347 | 2,622 | -86.8 | 1,587 | 7,037 | -77.4 |
LCV | 42,951 | 37,419 | +14.8 | 111,856 | 111,373 | +0.4 |
PC+LCV | 43,298 | 40,041 | +8.1 | 113,443 | 118,410 | -4.2 |
PC | 670,545 | 713,943 | -6.1 | 1,701,850 | 2,323,468 | -26.8 |
LCV | 135,775 | 144,385 | -6.0 | 361,508 | 465,914 | -22.4 |
PC+LCV | 806,320 | 858,328 | -6.1 | 2,063,358 | 2,789,382 | -26.0 |
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1 In order to analyze the change in consolidated revenues at constant perimeter and exchange rates,
2 CAFE : Corporate Average Fuel Economy
3 CAFE : Corporate Average Fuel Economy
4 In order to analyze the change in consolidated revenues at constant perimeter and exchange rates,
Attachment
- GB-2020-10-23 -
Groupe Renault - PR Q3 2020 VDEF
© OMX, source