French automaker Renault (EPA:RENA) posted stronger-than-expected 2024 results, driven by cost reductions and successful new launches, despite a decline in net income due to Nissan-related write-downs.
\ud83d\udd39 Operating Profit: €4.3B (+3.6% YoY) vs. €4.2B expected
\ud83d\udd39 Revenue: €56.2B (+7.4%) vs. €54.5B expected
\ud83d\udd39 Operating Margin: 7.6% (above the 7.5% target)
\ud83d\udd39 Net Income (Group Share): €752M (vs. €2.2B in 2023)
\ud83d\udc49 Reason for Net Income Decline:
\ud83d\udcc8 Dividend: €2.2 per share (vs. €1.85 in 2023)
\u2705 Strong EV & Hybrid Sales: Renault's electric R5 and new hybrid models fueled revenue growth.
\u2705 Cost Optimization: Continued efficiency improvements boosted margins.
Renault remains one of the few automakers to maintain targets amid a volatile industry.
\ud83d\udcca Balance Sheet API – Assess Renault’s financial health.
\ud83d\udcc5 Earnings Calendar API – Stay updated on Renault’s future reports.
Renault’s cost control & strong product lineup position it well, but Nissan exposure remains a risk.
