Pressiteade
Against the backdrop of theCovid-19 pandemic in the first quarter of 2020, the Global Automotive marketexperienced a decline of -24.6% compared to the first quarter of 2019. In orderto protect its employees, and in compliance with the measures taken by thevarious governments, Groupe Renault suspended its commercial and productionactivities in most countries during the month of March and saw its globalsales drop by -25.9%, to 672,962 units in the first quarter of 2020,compared to the previous year.
In Europe, in amarket down by -26.2%, Groupe Renault’s sales fell by -36.0% to 321,756 units,with a sharp acceleration of this decline at the end of the quarter due to theshutdown of most of the Group’s industrial and commercial activities.
The Dacia brand, sellingmainly to retail customers on a sharply declining channel, particularly inFrance (-41.7%), was strongly impacted and recorded a decline of -44.5% in itsregistrations. The Renault brand, meanwhile, fell by -32.3%.
In the electric vehiclesegment in Europe, the Renault brand sold 22,810 vehicles in the firstquarter with a market share of 17.3% mainly thanks to New ZOE.
In regions outside Europe, Group sales were down -13.4% in the firstquarter.
In this crisis context, thenew models launched in the second half of 2019 are delivering good performancesin some countries. In Russia, the Renault brand recorded an increase insales of +9.2% thanks to the success of Arkana, in a market up by +1.8%. In India,Triber enabled the Group to increase its sales by +3.5% despite a market downby -22.8%. In South Korea, Group sales increased by +20.1% thanks to thesuccess of XM3 launched in February 2020, in a market down by -6.8%.
FIRST QUARTER REVENUES BY OPERATING SECTOR
In the first quarter of 2020, Group revenues amounted to €10,125million (-19.2%).
At constant exchange rates and perimeter[1], Grouprevenues would have decreased by -18.3%.
Automotiveexcluding AVTOVAZ revenuesamounted to €8,591 million, down -21.3%.
This variation was mainly due to a decreasein volumes (-14.1 points).
Sales to partners had a negative impact of -6.1points due to the sharp decline in the production of vehicles and components forNissan, Daimler and Opel.
The negative -1.4 points currency effect wasmainly due to the devaluation of the Argentinian Peso and Brazilian Real.
The price effect was positive by +2.8 pointsas a result of price increases to coverdevaluations and product enrichment.
Mix effect andthe others effect weighed respectively for -1.0 point and -1.5 points.
AVTOVAZ’s contribution to Group revenues amounted to €701 millionin the quarter, down -8.6% after taking into account a positive currency effectof €14 million.
MobilityServices are now presented in a specific business segment and posted revenues of€6 million in the first quarter of 2020.
Sales Financing(RCI Banque) revenues amounted to €827 million inthe first quarter, down -2.0%compared to 2019, mainly due to a negative currency impact of -€19 millionrelated to the Argentinian Peso and the Brazilian Real. The number of newfinancing contracts fell by -10.4% as a result of sales drop. Given the averageduration of the financing contracts in the portfolio of more than three yearsand the good commercial performance in 2019, average performing assets havecontinued to increase (+6.1% compared to the first quarter of 2019) and reached€49.3 billion at the end of March 2020.
TheAutomotive activity at March 31, 2020 held €10.3 billion of liquidityreserves (€15.8 billion at December 31, 2019).
In the current contextlinked to the Covid-19 pandemic and in a spirit of responsibility towards allof the Group’s stakeholders who are making efforts or are experiencing theeffects of an unprecedented crisis, Renault’s Board of Directors has decided, onApril 9, 2020, to no longer propose the distribution of a dividend atthe Annual General Meeting of June 19, 2020.
OUTLOOK 2020
As stated on March 20, 2020 in the publication of theUniversal Registration Document, the Group suspended its 2020 guidance due tothe uncertainties related to the Covid-19 pandemic and the closure of plantsand commercial establishments in many countries. The Group undertakes torestart commercial and production activities in countries where safety andregulatory conditions permit and will implement all necessary measures torespond effectively to commercial demand.
To date, theimpact that this pandemic will have on the Group's results is still impossibleto assess. Groupe Renault will communicate a new guidance as soon as itconsiders that it is in a position to do so.
[1]In order to analyze the change in consolidated revenues at constantperimeter and exchange rates, Groupe Renault recalculates revenues for thecurrent year by applying the average annual exchange rates of the previous yearand excluding significant changes in perimeter that occurred during the year.
Kõik sellel veebilehel olevad materjalid (sealhulgas, kuid mitte ainult: tekstid, fotod, graafika, helifailid, animatsioonifailid, videofailid ja nende paigutus veebilehel) on Renault SASi ja/või selle sidusettevõtete või kolmandate isikute omand, kes on volitanud Renault SASi nende piiratud kasutamiseks, ning on kaitstud autoriõiguse ja muude intellektuaalomandi kohta kehtivate õigusnormidega. Eespool nimetatud materjalide kasutamine muudel kui toimetuslikel eesmärkidel, eelkõige turundus- või reklaamieesmärkidel, on rangelt keelatud.
