Renault Reports Record Profit Margins Despite Decline in Net Income

The automaker achieved a 7.6% operating margin in 2024, driven by new vehicle launches and cost-cutting measures, but net profit fell due to a Nissan share sale.

• Renault's 2024 revenue rose 7.4% to €56.2 billion, exceeding expectations, with strong contributions from new vehicle launches like the Renault 5 electric car.
• The company achieved a record operating margin of 7.6%, surpassing its target of 7.5%, while operating profit increased 3.6% to €4.3 billion.
• Net profit dropped to €800 million, largely due to a €1.5 billion loss from selling Nissan shares; excluding this, profit would have risen 21% compared to 2023.
• Renault's board proposed a 19% higher dividend of €2.20 per share, reflecting confidence in the company's financial health.
• Tighter European emissions regulations in 2025 could reduce revenue by approximately €550 million, as Renault adjusts pricing to boost electric vehicle sales.

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