Renault (RNO) Trading update summary
Event summary combining transcript, slides, and related documents.
Trading update summary
20 Jan, 2026Executive summary
Achieved third consecutive year of global growth, selling 2,336,807 vehicles in 2025, up 3.2% year-over-year, outpacing the global market growth of 1.6%.
All three brands—Renault, Dacia, and Alpine—grew faster than the market, with Alpine more than doubling registrations.
International sales and electrification initiatives were key growth drivers, with significant gains in Latin America, South Korea, and Morocco.
Financial highlights
Renault brand sold 1,628,030 vehicles (+3.2% vs. 2024), Dacia 697,408 (+3.1%), and Alpine 10,970 (+139.2%).
Passenger car sales in Europe grew 5.9%, more than twice the market rate; Renault became the top automotive group in France.
Light commercial vehicle sales showed sequential recovery in 2025, with H2 decline (-10.6%) less severe than H1 (-29.6%).
Outlook and guidance
Plans to renew and expand both internal combustion and electric offerings in Europe, including new models across all brands.
International growth to accelerate with new launches in Latin America, Turkey, India, South Korea, and other overseas markets.
Continued focus on electrification and hybridization, with new EV and hybrid models slated for 2026.
Latest events from Renault
- Targets 36 new models, 5–7% margin, electrification, and carbon neutrality by 2050.RNO
Strategy Day 202610 Mar 2026 - Revenue up 3% to €57.9B, but net income -€10.9B after Nissan-related non-cash losses.RNO
Q4 202519 Feb 2026 - Record margin, strong cash, and electrification drive robust 2024 outlook.RNO
Q2 202410 Feb 2026 - Q3 revenue up 1.8% to €10.7bn, strong mix and electrified sales, outlook reaffirmed.RNO
Q3 202419 Jan 2026 - Record margin, cash, and growth in 2024; 2025 targets ≥7% margin despite regulatory headwinds.RNO
Q4 20248 Jan 2026 - Q1 2025 revenue stable at €11.7bn, electrified sales and Alpine growth support strong outlook.RNO
Q1 202521 Dec 2025 - Margin and cash flow guidance cut as LCV and retail markets weaken, cost cuts intensified.RNO
Q2 2025 TU7 Nov 2025 - Net income fell €11.1bn on Nissan loss; H2 to rebound with new models and cost cuts.RNO
Q2 20256 Nov 2025 - Q3 2025 revenue up 6.8% to €11.4B, electrified vehicles at 44%, and guidance reaffirmed.RNO
Q3 202523 Oct 2025