Group revenues amounted to
The E-TECH[2] line up accounted for 31.3% of
The renewal of the Dacia line up is a success, driven by New Sandero and New Duster. In the third quarter, Sandero is the best-selling car in
The Group's order portfolio in
The Group estimates its production loss due to the lack of components for the third quarter at around 170,000 units. Despite reduced visibility for the fourth quarter, the Group anticipates a loss close to 500,000 vehicles for the year.
Despite the increase in estimated production losses for the year,
'The actions taken to further lower costs and maximise the value of our production allow us to confirm our guidance for the year despite the deterioration in components availability in the third quarter and reduced visibility for the fourth quarter,' said
Boulogne-Billancourt, 2021/10/22 -
COMMERCIAL RESULTS: THIRD QUARTER HIGHLIGHTS
In a context strongly disrupted by the semiconductor crisis and production shutdowns,
The Group's sales in
The decline in revenues, limited to -13.4%, confirms the positive impact of the Group's commercial policy oriented towards better value from sales.
The Renault brand sold 365,934 vehicles worldwide, down 24.4% compared to the third quarter of 2020. In the five main European countries (
In
Sales of light commercial vehicles worldwide were up 1.4%, in a market down 11.2%, thanks to the performance of Master and Trafic.
Dacia and
The Dacia brand sold 138,375 vehicles, a decrease of 11.2%. However, Dacia has
outperformed the market thanks to the success of New Sandero, the best-selling vehicle in
Dacia presented its brand-new family and versatile 7-seater model, Jogger, whose order take will begin at the end of the year.
The Lada brand retains the leadership of the Russian market despite a 27.8% drop in sales. LADA Vesta and LADA Granta remain the best-selling vehicles in this market.
THIRD QUARTER REVENUES BY OPERATING SECTOR
In the third quarter of 2021, Group revenues reached
Automotive sales excluding
This variation is primarily explained by a decrease in volumes (-20 points). This volume effect is mainly due to the shortage of semiconductors and strict commercial policy.
Currency effects were positive at 0.3 points due to the revaluation of some currencies (Brazilian Real, Pound Sterling, Russian Ruble).
The price effect, positive by 2.9 points, reflected the continuation of our value over volume policy. However, it is impacted by a high Q3 2020 comparison basis and by lower price increases in emerging markets in the absence of negative exchange rate effects.
The impact of sales to partners was negative by -1.2 points. It is mainly the result of lower sales of diesel engines to our partners, who were also impacted by the lack of components.
The product mix effect of +1.6 points reflected the success of the Arkana model launched at the beginning of the year and the good performance of light commercial vehicles.
The geographical mix effect of -1.4 points came from a lower decline in international sales than that in
The 'other' effect showed a positive contribution of 3.7 points largely related to the restatement of sales with buy back commitment, which were down compared to the third quarter of 2020.
Mobility Services contributed
Sales Financing (
As of
OUTLOOK 2021
Despite the increase in estimated production losses for the year,
The Group is also targeting to achieve a positive Automotive operational free cash flow, excluding changes in working capital requirements, for the fiscal year.
Read full report at:
https://en.media.renaultgroup.com/news/third-quarter-2021-priority-given-to-value-over-volume-optimized-revenues-in-a-context-strongly-marked-by-the-semiconductor-crisis-434b-989c5.html
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