(AOF) – Renault (+3.7% to 49.29 euros) continues its rally and ranks among the strongest increases in the CAC 40 this Thursday. The French manufacturer has published increasing sales figures in 2024 for the second year in a row. Its activity held up well last year in a difficult market context for the sector: the stock gained 40% over one year while that of its competitor Stellantis lost more than 37%. Renault is also one of the rare behemoths in the sector not to have issued a profit warning.
Renault Group’s sales increased by 1.3% to 2.264 million vehicles worldwide in 2024. The car manufacturer specifies that it has grown twice as much as the market in Europe, with sales up 3.5%. The group shows 34.7% of electrified sales in Europe, and sales of hybrid vehicles up 45%, or 25.5% of group sales, which represents an increase of 7.5 points compared to 2023.
Renault recorded a second consecutive year in the green after returning to the path of growth in volumes in 2023 (9% increase in its sales globally over one year), thus putting an end to 4 years of decline. The group posted a decline of 5.9% in 2022 compared to 2021, citing “a context of supply constraints”.
A “value-centered” sales policy
Renault Group emphasizes that it maintains its commercial policy focused on value: sales to individual customers in Europe represent more than 63% of those of the group and sales in segments C and above in Europe represent 30% of those of the group. Sales amounted to 1.577 million for the Renault brand, up 1.8% and to 676,340 vehicles for Dacia, up 2.7%.
Regarding its prospects, the French company specifies that the order portfolio in Europe represents approximately 2 months of forecast sales at the end of December 2024. In 2025, the group will launch 7 vehicles.
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