Renault beats revenue and operating margin forecast, said it expects an headwind of 1% or €500 million on operating margin from the CO2 regulation
- Renault 2024 revenue rose 7.4% to 56.2 billion euros, exceeding management guidance of 54.5 billion euros, driven by product launches such as the popular R5 and new hybrids while operating return on sales of 7.6%, met their target of 7.5%.
- For 2025, Renault expect operating return on sales to drop to 7%, noting that the CO2 regulation would have a 1% headwind on its margin, equivalent to around 500 million euros of operating profit.
- Renault remains “hopeful” that the CO2 rules will be relaxed but ruled out pooling with other car makers, nothing that it expects to sale EVs on discounts while raising prices for combustion engine vehicles.