Showing posts with label twingo. Show all posts
Showing posts with label twingo. Show all posts
Monday, August 24, 2015
Renault Group announces full year results, with lots of new metal coming it can only get better.
Renault meets its full-year guidance
- New registrations up 3.2% to 2.7 million units • Group revenues: €41,055 million (+0.3%). Excluding foreign exchange rate effect, +3.1%
- Group operating profit: €1,609 million, or 3.9% of revenues, compared to €1,242 million and 3.0% in 2013
- Automotive operating profit: €858 million, compared to €495 million in 2013 (2.2% vs 1.3%)
- Group operating income: €1,105 million versus minus €34 million
- Net income: €1,998 million versus €695 million in 2013 • Positive Automotive operational free cash flow: €1,083 million
“We met all the objectives announced for 2014. This milestone positions us on track to achieve our strategic plan, "Renault Drive the Change". 2015 should allow us to take a new step forward, thanks to an unprecedented product offensive in the history of Renault”, said Carlos Ghosn, Chairman and Chief Executive Officer of Renault.
In 2014, Group revenues came to €41,055 million, an increase of 0.3% compared to 2013. At constant exchange rates, revenues grew by 3.1%. The contribution of the Automotive division to revenues amounted to €38,874 million, up 0.3% vs 2013.
The Group offset negative currency variations by increasing prices outside Europe and by the strong growth of sales to partners. The Group's operating profit reached €1,609 million, compared to €1,242 million in 2013 (3.9% of revenues vs 3.0% in 2013). The Automotive operating profit rose by €363 million to €858 million, representing 2.2% of revenues.
This performance results from cost reductions and from growth in sales while unfavorable foreign exchange rates and the enrichment of some end-of-life models impacted negatively. Sales Financing contributed to €751 million to Group operating profit compared to €747 million in 2013. The drop in net banking income was offset by an increase in average loans outstanding and by growth in services.
The cost of risk remained stable at 0.43%. Other operating income and expense items were negative by €504 million, mostly due to restructuring costs of €305 million and the impairment of assets for €153 million. Group operating income came to €1,105 million compared to -€34 million in 2013. This improvement results from the increase in operating profit and the reduction in other operating expenses of €772 million.
The contribution of associated companies, mainly Nissan, was €1,362 million, compared to €1,444 million in 2013, including the negative contribution of AVTOVAZ for -€182 million. Net income came to €1,998 million and net income, Group share, to €1,890 million (€6.92 per share compared to €2.15 per share in 2013).
Automotive operational free cash flow was positive at €1,083 million, due to the increase in profitability, as well as a positive change of €596 million in the working capital requirement over the period. A dividend of €1.90 per share, vs €1.72 last year, will be submitted for approval at the next Shareholders’ Annual General Meeting.
2015 OUTLOOK
In spite of the uncertainties surrounding numerous economies, global car demand should continue to grow this year (+2 %). The European market should also show a slight positive growth (+2 %) while we continue to expect high volatility in our main emerging markets:
In this context, Renault Group aims to:
- increase further its registrations and revenues (at constant exchange rates),
- continue to improve the Group’s operating margin and that of the Automotive division,
- generate positive Automotive operating free cash flow.
RENAULT CONSOLIDATED RESULTS
ADDITIONAL INFORMATION The consolidated financial statements of the Renault group at December 31, 2014 were approved by the Board of Directors on February 11, 2015. The Group’s statutory auditors have conducted a limited review of these financial statements and their report will be issued shortly. The earnings report, with a complete analysis of the financial results in 2014, is available at www.renault.com in the Finance section.
Renault Group announces Quarter 1 figures, it's looking real good for the French Giant.
- Renault group revenue increased 13.7 per cent in the first quarter, supported by a recovery in Europe.
- Renault group registrations increased 0.8 per cent during the first quarter of 2015, reaching 641,588 vehicles in a worldwide automotive market up 1.7 per cent.
- Market growth and the success of new models in Europe compensated for the downturns in the Russian and Brazilian markets.
- During the first quarter of 2015, Renault group registered 641,588 units (+0.8 per cent), posting a stable worldwide market share at 3.0 per cent.
- In Europe, where the market increased by 8.9 per cent, Group registrations were up 9.9 per cent, driven by the success of Clio, Captur and Twingo.
- International registrations dropped by 11.3 per cent, primarily due to the downturns in the Brazilian and Russian markets.
- Group revenue reached €9,388 million for the quarter, a year-on-year increase of 13.7 per cent, thanks in part to higher sales to partners.
- As a result of a stronger quarter than expected, the Renault group revised its 2015 outlook for the European automotive market and now forecasts a full-year growth of 5 per cent.
- The Group confirms its objectives for the year.
COMMERCIAL RESULTS: Q1 2015 HIGHLIGHTS
In a global automotive market up 1.7 per cent, Renault group registrations increased 0.8 per cent to 641,588 units.
In Europe, Group registrations increased 9.9 per cent in a market up 8.9 per cent, taking a market share of 9.8 per cent. The Renault brand grew 11.8 per cent, supported by Clio 4, Captur and Twingo, up 17 per cent, 27 per cent and 40 per cent respectively.
The Dacia brand recorded a 4.3 per cent growth in sales, thanks to the continued success of Duster and Dokker.
In France, the Group’s biggest market, registrations increased by 3.1 per cent in the period, to 150,179 vehicles, Renault brand sales, up 7.1 per cent, contributing to this growth. Dacia brand sales, however, decreased 12.6 per cent due to the high 2014 Q1 basis of comparison, that followed the launch of Duster Phase 2 at the end of 2013.
Southern Europe recovered strongly, particularly in Spain, where registrations increased 44.9 per cent, with a market share reaching 11.9 per cent. Sandero remained market leader for vehicles sold to private customers. In Italy, the Group's third market, registrations increased by 28.3 per cent to 41,752 units in a market up 12.6 per cent. Clio was the best-selling imported vehicle in Italy.
In Great Britain, the Group continued to gain market share, posting an increase of 18.0 per cent in registrations, in a market up 8.4 per cent.
Outside Europe, emerging markets continued to experience turbulence during the first quarter: registrations decreased from 43 per cent of total sales in Q1 2014 to 38 per cent in Q1 2015.
In the Americas, Brazil, second biggest market in registrations, fell by 16.1 per cent. However, the Group’s market share increased by 0.1 points to 6.8 per cent, despite a 15.3 per cent decrease in registrations.
In Argentina, the market continued declining, posting a 27.6 per cent drop. Renault’s registrations fell 52.7 per cent, as a decision to limit the Group's financial exposure to the Argentinean Peso. To prepare the future, a USD 100 million investment plan was announced, with the intention to produce Logan and Sandero locally and to improve financial flexibility.
In Eurasia, the Group’s two major markets moved in opposite directions. In Russia, Group registrations fell by 40.7 per cent against a market decline of 36.3 per cent. This decline was the result of a decision to preserve profitability, leading to production cuts during several weeks.
By contrast, registrations in Turkey increased by 28.2 per cent, benefiting from a market up 50.3 per cent.
In the Africa, Middle East, India Region, strong sales momentum continued benefiting to the Group in the Maghreb area, as registrations were up 12.6 per cent in a market that dropped 6.2 per cent. Logan is the leading selling car in Algeria and Morocco.
In India, in a market that grew by 4.5 per cent, Renault recorded an 11.4 per cent decrease in registrations, pending the launch of Lodgy and A-Entry.
In Asia-Pacific, Renault group registrations were up 13.7 per cent in Korea, thanks to the success of QM3 in the B-segment.
REVENUES BY OPERATING SECTOR
First quarter 2015 Group revenue reached €9,388 million, an increase of 13.7 per cent compared to the same period last year (+12.5 per cent, excluding foreign exchange rate effects).
Automotive revenue came to €8,829 million (+14.3 per cent), due to an increase in invoices (+3.3 points) and sales to partners (+6.7 points). The weakness of the Euro versus a basket of currencies (Korean Won, Indian Rupee, British Pound, Argentinean Peso…) had a favourable impact of 1.3 points. The price effect contributed positively by 2.1 points, as a result of price increases decided at the end of 2014 in emerging countries, in order to compensate for the currency declines (notably in Russia and South America).
Sales financing (RCI Banque) revenues came to €559 million, an increase of 5.5 per cent compared to 2014. New financing contracts increased by 14.2 per cent and totalled 320,200. Outstanding loans increased by 10.4 per cent to €27.3 billion.
2015 OUTLOOK
Global car demand should continue to grow in 2015 (+2 per cent). The European market, which was better than expected during the first quarter, should increase by 5 per cent (compared to +2 per cent initially forecasted). By contrast, the Brazilian and Russian markets should experience a sharper decrease than expected.
Within this context, the Renault group aims to:
- Increase further its registrations and revenues (at constant exchange rates),
- Continue to improve the Group’s operating margin and that of the Automotive division,
- Generate positive Automotive operational free cash flow.
OTHER ITEMS
Renault initially envisaged a global consolidation of AVTOVAZ by the end of 2014. This consolidation was not possible and will occur when conditions for full control will be met.
Renault group consolidated revenues
| (in € million) | |||
| 1st quarter | 2015 | 2014 | Change 2015/2014 |
| Automotive | 8,829 | 7,727 | +14.3 per cent |
| Sales financing | 559 | 530 | +5.5 per cent |
| Total | 9,388 | 8,257 | +13.7 per cent |
RENAULT - Passion for life, the new ethos for Brand Renault, and it looks like it will work well.
- Renault has released a new brand signature: ‘RENAULT - Passion for life’.
- This signature is illustrative of the fresh approach to vehicle design that the brand took in 2012. It also underlines the brand’s promise to produce quality, attractive vehicles that make everyday life easier for customers.
- Renault’s new brand identity is deployed from mid - April 2015.
REVITALISING THE RENAULT BRAND’S DNA
Renault’s long tradition for making ‘Voitures à Vivre’ has seen it design innovative, ingenious, modular, comfortable cars ever since the company’s origins. Since 2012, this integral part of the brand’s DNA has combined with a determination to engage once more with its customers in an emotional way, as well.
This called for a revitalised approach to vehicle design and the tangible signs of this commitment today are the sensuous, appealing and athletic lines of the Clio, Captur, Twingo and the imminent Kadjar.
The slogan ‘RENAULT - Passion for life’ also underlines the ongoing efforts made by Renault’s engineers and design teams to observe customers and their everyday lives in order to propose quality vehicles that pack ingenious innovations and services conceived to facilitate day-to-day life.
Examples include the R-LINK2® multimedia system, a long list of driver aids and the Kadjar’s automatic folding seat system.
“Our new brand signature – ‘RENAULT - Passion for life’ – reflects the in-depth transformation that is under way at Renault and which began with the new Clio,” says Michael van der Sande, Senior Vice-President, Global Marketing.
“More than the words themselves, the slogan is a pledge to our customers that Renault will continue its metamorphosis that will result in an entirely renewed range.
In addition to being designed with passion by our engineering and design teams, our new models must make the lives of our customers easier and more pleasant every day.”
A new graphic identity for Renault group
Along with Renault’s new brand signature, the brand’s graphic identity has been reviewed and redesigned, too, by in-house teams working out of its Corporate Design Department. This evolution concerns all the company’s advertising, both audio and visual (TV, print, posters, radio, etc.), as well as websites, exhibition stands, special events, merchandising, clothing, etc.
Meanwhile, the Renault diamond has been made bolder and has been freed from the confinement of its surrounding outline. It features the same more generous, higher-status, brighter logo that adorns the front of the brand’s latest models.
The brand block has changed, as well. Although it draws its DNA from Renault’s past, it stands out as more modern and more assertive. It also features a new, specially developed typeface designed to add a distinctive touch to the brand’s communication.
The Renault yellow, which has been made brighter and warmer, is visible as a vertical strip to the logo’s right.
The result is a refined graphic identity that elegantly expresses the value of the brand’s products. This more creative and emotive approach is in line with the mission that was given to Laurens van den Acker, Senior Vice-President, Corporate Design.
“When I arrived in 2009, my mission was to reforge the emotional bond between the Renault brand and its customers,” notes Laurens van den Acker. “My response was to ask my teams to rekindle Renault’s Latin roots by designing colourful, personalisable cars with sensuous, muscular lines that spark emotions and make everyday life more pleasant.”
The Groupe Renault’s new corporate identity, which will cover the Renault, Dacia and Renault Samsung Motors brands, will be revealed at the Groupe Renault’s next General Meeting at the end of April 2015.
Renault climbs into the TOP TEN for the 2015 Auto Express Driver Power Awards.
- Renault rises eight places to finish seventh overall
- Second consecutive year Renault has improved in owner survey
- ZOE dubbed “Best EV” after 5th place overall debut
Renault has continued to rise up the ranks in the Auto Express Driver Power 2015 survey rising eight places to seventh overall out of 32 brands, ahead of many premium manufacturers, and building on last year’s six place rise.
Renault’s score of 87.08 per cent was attributed in the survey to finishing fourth overall for running costs, seventh for in-car technology and eighth for ride quality. Customer satisfaction with reliability and build quality has also improved.
The 100% electric Renault ZOE supermini finished an impressive fifth overall out of 200 vehicles and rated as the best electric vehicle to own. ZOE was also rated the number one vehicle in this year’s survey for low running costs as well as second overall for ease of driving.
Auto Express said in summary of Renault’s performance: “Last year it scored 15th overall with 85.88 per cent, helped by the new Captur. Now, though, it’s jumped a further eight places and catapulted itself into the top 10. It really is quite an impressive performance in such a competitive field.”
Commenting on Renault’s performance in the survey, Ken Ramirez, Managing Director, Renault UK, said: “We’re delighted that our commitment and focus on quality has been recognised again in this year’s survey with the Renault brand’s eight place improvement to seventh rank overall, particularly following a six place jump last year – improving a total of fourteen places in just two years.
"Product and Service Quality are fundamental parts of our GO5+ mid-term plan objectives and it is therefore highly encouraging to see that real customer feedback place both our brands, Renault and Dacia, amongst the Top10 in the industry,” added Ramirez.
The Auto Express Driver Power survey had its largest response ever in 2015 with 61,113 car owners, up 20 per cent on 2014, completing the comprehensive survey about their vehicle ownership experience.
Renault UK car sales in the first quarter of 2015 were up 16.6 per cent on 2014 with 20,593 cars registered. 2014 full-year sales stood at 66,334, up 43.7 per cent.
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