Renault closes 2022 in the red, due to the closure of activities in Russia, but with positive prospects for 2023. Last year, the net result was a negative 700 million euros (with a profit of 1.62 billion for the activities carried forward and a loss of 2.32 billion for discontinued operations) and the net result attributable to the group was equal to -338 million. However, revenue was up 11.4% to $46.4 billion and the operating margin was 5.6% of revenues, compared to a financial perspective of more than 5%, an increase of $1.4 billion. euros compared to 2021. The forecast is to reach 6% this year.
With the return to a positive net financial position of 549 million euros as at 31 December 2022 (an improvement of 1.6 billion euros compared to 2021), Renault has also returned to proposing the payment of a dividend for the first time since 2019 , equal to 0.25 euro per share. “2022 has more than kept its promises: with results that have exceeded the initial objectives and market expectations, we conclude the ‘Resurrection’ phase three years early. – commented the CEO Luca De Meo – This performance reflects all the energy and commitment of the Renault group teams, even though we have had to face strong headwinds from the divestment of the Russian business, the semiconductor crisis and cost inflation. we will not go back. Our 2023 financial outlook and dividend reset demonstrate this. We have also achieved our goal of reducing our carbon footprint by 25% worldwide since 2010.”
Source: Ansa
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