Overview

• Renault’s preliminary first-half revenue rose 2.5% to €27.6 billion while its operating margin fell to 6.0% and free cash flow reached just €47 million.
• The group now expects a 2025 operating margin of about 6.5% and free cash flow between €1 billion and €1.5 billion, down from prior targets of 7% margin and €2 billion cash flow.
• Shares plunged roughly 18.5% on the Paris stock exchange after the profit warning and guidance revision.
• CFO Duncan Minto was appointed interim CEO following Luca de Meo’s departure as the company advances its search for a permanent successor.
• Renault plans to accelerate structural cost-reduction measures to protect profitability amid a contracting European retail market.