From Barchart: 2025-02-20 02:38:45

French automaker Renault (EPA:RENA) exceeded expectations in 2024 with a 7.4% revenue increase to €56.2B and a 3.6% rise in operating profit to €4.3B. Despite a decline in net income to €752M, the company attributes this to Nissan-related write-downs from the sale of shares and impairments on its investment.

Renault’s operating margin of 7.6% surpassed its 7.5% target, and the company announced a dividend of €2.2 per share, up from €1.85 in 2023. Strong sales of electric and hybrid models like the R5, along with cost optimization efforts, drove revenue growth and margin improvement.

In a volatile industry, Renault stands out as one of the few automakers maintaining targets and strategic positioning. Investors can track Renault’s financial health and future reports through the Balance Sheet API and Earnings Calendar API. While Renault’s cost control and product lineup are strengths, its exposure to Nissan remains a potential risk moving forward.



Read more at Barchart:: Renault Beats Profit Expectations Despite Nissan-R…