- Renault SA (OTC:RNSDF): Q3 Revenue of €8.99B (-13.3% Y/Y)
- Global sales decreased by 22.3% to 599,027 vehicles
- Automotive sales excluding AVTOVAZ were €7,685M, down 14.1%.
- Press Release
- The Group estimates its production loss due to the lack of components for the third quarter at around 170,000 units.
- Despite reduced visibility for the fourth quarter, the Group anticipates a loss close to 500,000 vehicles for the year.
- Despite the increase in estimated production losses for the year, Renault Group confirms its guidance to reach a full year Group operating margin rate of the same order as the one of the first half.
- The Group is also targeting to achieve a positive Automotive operational free cash flow, excluding change in working capital requirements, for the fiscal year.
- Renault Group confirms that it is on track to meet its 2021 CAFE3 target.