Renault (RNO) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue rose 6.8% year-over-year to €11.4 billion, with global unit sales up 9.8% to 529,000 and strong growth across Renault, Dacia, and Alpine brands.

• Electrified vehicle mix reached 44% of sales, with EV sales up 122.1% and hybrids up 25% year-over-year.

• International sales grew 14.9%, European sales up 7.5%, and retail sales in key European markets were 20 points above the market average.

• Value-over-volume strategy maintained, focusing on retail sales and high residual values.

• Alpine sales up 275% in Q3, with new model orders opening soon.

Financial highlights

• Automotive revenue for Q3 was €9.8 billion, up 5.0% year-over-year (+6.8% at constant FX), with a negative forex impact of 1.8 points.

• Mobility Services revenue increased 64% to €23 million; Mobilize Financial Services revenue up 18.4% to €1.59 billion.

• Inventory at end of September stood at 538,000 units, up 8,000 units from June, with a year-over-year reduction in independent dealer stock.

• Nine-month 2025 group revenue reached €39.1 billion, up 3.7% year-over-year (+5.1% at constant FX).

• Mobilize Financial Services average performing assets rose 5.3% to €59.5 billion.

Outlook and guidance

• Full-year 2025 guidance confirmed: operating margin around 6.5% and free cash flow between €1.0–1.5 billion.

• Order intake in Europe grew at a high single-digit rate in Q3, with orderbook at 1.6 months and strong Q4 sales expected.

• Inventory target for year-end set at 525,000 to 550,000 units.

• Focus remains on value over volume, maintaining healthy inventories and high utilization rates.

• Q4 launches include Renault Boreal, Kwid E-Tech, Alpine A390, and Clio 6 (first deliveries in Q1 2026).