Half Year 2026 Renault SA Earnings Call Transcript

Jul 30, 2026 / 06:00AM GMT

Release Date Price: €28.05 (+0.04%)

Transcript

Key Points

Positve

Renault SA (RNLSY) reported a strong 10% revenue growth in H1 2026, driven by successful new product launches like the Twingo and Nucleo.
The company achieved a 5.2% operating margin and over EUR600 million in automotive free cash flow, remaining on track for full-year guidance.
Renault's EV strategy is gaining traction, with the Renault brand becoming the number two EV retail brand in Europe and LCV EV sales surging 48%.
Mobilize Financial Services (MFS) delivered a robust EUR753 million profit, contributing 50% of group operating margin and supporting customer loyalty.
The company is making significant progress on cost reduction, with a EUR400 per vehicle annual target and a 40% decrease in supplier entry ticket costs.

Negative

Renault SA (RNLSY) faces headwinds from raw material inflation, with ROMAT and inflation expected to have a EUR600 million negative impact for the full year.
Pricing pressure in Europe is expected to continue, negatively affecting the price/mix/enrichment component in the margin bridge.
Dacia sales declined 8% in H1, though orders improved 4%, indicating some commercial resilience but ongoing volume challenges.
The company experienced negative currency effects, particularly from the Turkish lira, UK pound, and Argentinian peso, impacting revenue and margins.
Geographical mix was a negative factor due to increased sales in lower-margin international markets like India and Turkey.

Florent Chaix

Renault SA - Head - Investor Relations

Good morning, everyone. Apologies for this technical issue. So we will have a restart. That was the formation lap, we would say. So welcome to this Renault Group H1 2026 conference call. This call is broadcast live and will be available in replay on the Group's website.

We are today with Renault Group's leadership team, Francois Provost, Group CEO, Duncan Minto, Group CFO. Fabrice Cambolive, Chief Growth Officer and Renault Brand CEO, Katrin Adt, Dacia CEO and Philippe Krieff, Alpine CEO.

The presentation will be followed by a Q&A session. Please send me your question either by e-mail, either through the Teams and I will read it to the management. Thank you. Francois, the floor is yours.

Francois Provost

Renault SA - Chief Executive Officer, Director, Member of the Executive Committee

Thank you, Florent. Hello everyone or hello again. I am very pleased to be with you today. It is exactly one year after my appointment as CEO of Renault Group. I am also very fright because not only

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