Renault SA (XTER:RNL)

€ 39.66 0.42 (1.07%) Market Cap: 11.41 Bil Enterprise Value: 58.43 Bil PE Ratio: 7.88 PB Ratio: 0.38 GF Score: 69/100

Q1 2023 Renault SA Corporate Sales Call Transcript

Apr 20, 2023 / 06:00AM GMT

Release Date Price: €33.61 (-8.31%)

Transcript

Philippine de Schonen

Renault SA - VP of IR

Good morning, everyone. We are happy to start this 2023 Q1 revenue conference call. With the new Renault Espace just revealed 3 weeks ago. But now let's talk about Q1 revenue with our group CFO, Thierry Pieton

Thierry Pieton

Renault SA - Group CFO, Senior VP, Controller & Member of Management Board

Thank you, Philippine. Good morning to everyone. Thank you for joining us this morning. I'm very pleased to be with you this morning to present our revenue figures for the first quarter, during which Renault Group delivered another solid performance. The group registered 535,000 units in the quarter, a 14.1% increase over the first quarter of '22 on a pro forma basis, which means excluding Renault Russia and AVTOVAZ volume, from 2022.

Looking at Europe specifically, were up 27.3% at a market up 16.2%. The Renault brand sold 355,000 vehicles up 8.6%, while Dacia posted another outstanding performance with a 34.3% growth, delivering 172,000 units.

As you are about to see, our Q1 figures continue to

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