Renault Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Renault (EPA:RNO) Full Year 2024 Results

Key Financial Results

• Revenue: €56.2b (up 7.4% from FY 2023).
• Net income: €752.0m (down 66% from FY 2023).
• Profit margin: 1.3% (down from 4.2% in FY 2023).
• EPS: €2.76 (down from €8.11 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Renault Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 54%.

The primary driver behind last 12 months revenue was the Automotive segment contributing a total revenue of €50.6b (90% of total revenue). Notably, cost of sales worth €44.5b amounted to 79% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €5.24b (48% of total expenses). Explore how RNO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Auto industry in Europe.

Performance of the market in France.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 4 warning signs for Renault (1 is concerning!) that we have uncovered.

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