Renault Group Achieves Record 2024 Financial Results and Strong Outlook

Renault Group posts record 2024 revenue, operating profit, and free cash flow. Dividend rises 19%. Strategy shifts focus to full hybrids and EVs. Learn more.

Renault Group closed 2024 with impressive financial results, exceeding its own forecasts and strengthening its position amid challenging market conditions. The company’s annual revenue reached €56.2 billion, up 7.4% year-on-year. Notably, the operating profit rose to a record €4.3 billion, accounting for 7.6% of revenue.

The Group reported a net profit of €891 million. However, when excluding exceptional losses related to Nissan – including a €1.5 billion loss from the sale of Nissan shares and a €694 million impairment of its stake – the adjusted net profit reached €2.8 billion, up from €2.3 billion in 2023.

Renault’s free cash flow confidently exceeded forecasts, reaching €2.9 billion. Strong financial performance enabled the company to propose a dividend increase to €2.20 per share, up 19% from the previous year. The final decision will be made by shareholders in April 2025.

On the commercial side, Renault strengthened its position in Europe, ranking among the top three for passenger and light commercial vehicle sales. Dacia continued its growth momentum, with the Sandero once again becoming the best-selling model across all distribution channels in the region. Alpine also saw a 5.9% increase in sales.

Electrification remains a cornerstone of Renault's strategy. In 2024, electrified models accounted for 33% of sales in Europe, with nearly half of the Renault brand’s European sales coming from hybrid and electric vehicles. The Group also fully met the strict CO₂ targets set by the European CAFE regulation.

A key milestone was Aramco’s acquisition of a 10% stake in the Horse Powertrain joint venture. This move strengthened Renault’s financial position and opened up new prospects in synthetic fuel technologies.

In response to tightening environmental regulations, Renault adjusted its product strategy by scaling back the expansion of its plug-in hybrid (PHEV) offerings, shifting focus instead to full hybrid models as a more practical transition toward cleaner mobility.

The outlook for 2025 remains optimistic. The Group aims to maintain an operating margin of at least 7%, despite potential regulatory pressures. Additionally, Renault is actively investing in its electric vehicle segment, including the launch of a new R&D center in China and plans to release the affordable Twingo E-Tech model.

Source: media.renaultgroup.com