Groupe Renault’s revenues in the first quarter of 2020
• The Group sold 672,962 vehicles in the quarter, down -25.9% in a global market down -24.6% .
• Group revenues reached €10,125 million (-19.2%) in the quarter. At constant exchange rates and perimeter , the decrease would have been -18.3%.
• Renault’s Board of Directors decided on April 9, 2020 to no longer propose the distribution of a dividend at the Annual General Meeting of June 19, 2020.
• Due to the Covid-19 pandemic, the Group suspended its 2020 guidance in March 2020. To date, the impact that this pandemic will have on the Group's results is still impossible to assess. Groupe Renault will communicate a new guidance as soon as it considers that it is in a position to do so.
Against the backdrop of the Covid-19 pandemic in the first quarter of 2020, the Global Automotive market experienced a decline of -24.6% compared to the first quarter of 2019. In order to protect its employees, and in compliance with the measures taken by the various governments, Groupe Renault suspended its commercial and production activities in most countries during the month of March and saw its global sales drop by -25.9%, to 672,962 units in the first quarter of 2020, compared to the previous year.
More information in attached document.
