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2/18, 7:10 AM (Source: TeleTrader)
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Renault's 2021 revenue up 6.3% to €46.2B

Groupe Renault said on Friday its full-year revenue increased by 6.3% in 2021 compared to the previous year to reach €46.2 billion, with net income hitting €967 million or €3.26 per share.

"Renault Group largely exceeded its 2021 financial targets despite the impact of semiconductor shortages and rising raw material prices. This reflects the sustained pace of the in-depth transformation of the Group, initiated within the framework of Renaulution," CEO Luca de Meo noted.

Commenting on the outlook, the French carmaker said that it expects its operating margin to surpass or equal 4%, with an Automotive operational free cash flow of more than €1 billion.

Baha Breaking News (BBN) / ND