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.
Key Financial Highlights (2024)
? Operating Profit: €4.3B (+3.6% YoY) vs. €4.2B expected? Revenue: €56.2B (+7.4%) vs. €54.5B expected? Operating Margin: 7.6% (above the 7.5% target)? Net Income (Group Share): €752M (vs. €2.2B in 2023)
? Reason for Net Income Decline:

Sale of Nissan shares
Partial impairment on its Nissan investment

? Dividend: €2.2 per share (vs. €1.85 in 2023)
Growth Drivers
? Strong EV & Hybrid Sales: Renault’s electric R5 and new hybrid models fueled revenue growth.? Cost Optimization: Continued efficiency improvements boosted margins.
Outlook & Market Position
Renault remains one of the few automakers to maintain targets amid a volatile industry.
Track Renault’s Performance
? Balance Sheet API – Assess Renault’s financial health.? 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.