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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Renault    RNO   FR0000131906

RENAULT (RNO)
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RENAULT : PRESS RELEASE - STRATEGIC PLAN PRESENTATION

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10/06/2017 | 08:16am CEST




PRESS RELEASE                                        #DriveTheFuture


DRIVE THE FUTURE 2017-2022

NEW  STRATEGIC PLAN  BUILDS ON  RECORD RESULTS,  TARGETS SUSTAINABLE, PROFITABLE
GROWTH

Groupe Renault Strategic Plan targets by the end of the plan:

  * Revenues over €70 billion[1]
  * Operating margin over 7%, representing a 50% increase in value, with a floor
    at 5% throughout the plan
  * Positive free cash flow each year
  * €4.2 billion Monozukuri savings over the plan
  * €18 billion invested in Research & Development
  * Over 5 million vehicles sold, doubling sales outside of Europe
  * EV Leadership: 8 pure electric vehicles, 12 electrified models
  * 100% connected vehicles in key markets and 15 AD Renault vehicles

Paris,  October 6, 2017 - Groupe Renault today announced Drive The Future, a new
six-year plan to deliver annual revenues of over €70 billion(1), achieve a group
operating  margin of  over 7% by  the end  of the  plan, with a floor at 5%, and
positive  free cash flow every year. Drive The Future is aligned with the Groupe
Renault vision: sustainable mobility for all, today and tomorrow.

Under the Drive The Future plan, Groupe Renault forecasts that unit volumes will
grow  more than 40% to over 5 million units, compared with 3.47 million units[2]
sold in 2016, as the company expands its product range, including in LCV and new
zero-emission  electric  vehicles  and  builds  on  success of its global access
range.  The plan will also  leverage the R&D and  global economies of scale from
Renault-Nissan-Mitsubishi,   the  world's  largest  automotive  alliance,  while
maintaining financial discipline and cost efficiency.

Drive  The Future will build  on the strong foundation  of Groupe Renault's last
plan  Drive the  Change, which  resulted in  record growth and operating profit,
increased  synergies gained through the Alliance with Nissan, empowered regions,
expanded product mix and leadership in zero-emission vehicles in Europe.

Renault  Chairman and CEO Carlos  Ghosn said: "Groupe Renault  is now a healthy,
profitable,  global company looking confidently ahead. Drive the Future is about
delivering strong, sustainable growth benefiting from investments in key regions
and products, leveraging Alliance resources and technologies, and increasing our
cost  competitiveness. Supported by the men and  women of Renault, this new plan
will  unleash  our  full  potential  to  innovate and grow in a rapidly-changing
industry."


Key elements of the plan include:

Worldwide profitable growth:
               -          21 new vehicles including 3 add-ons
               -            Expanded   Russia   presence   through  Renault  and
investments in AVTOVAZ (Lada)
               -           Accelerating  opportunities  in  China, new strategic
joint ventures in EV and LCV
               -          Growing market opportunities in Brazil, India, Iran

Alliance scale and technologies to support the growth:
               -          €4.2 billion in Monozukuri savings over the plan
               -          Common platforms - 80% of Group Renault vehicles
               -           R&D Investment -  €18 billion over  six years, with a
multiplier effect from the Alliance
               -          Connected - 100% vehicles connected in key markets
               -          Autonomous - 15 AD vehicles
               -            New  mobility  services  -  Ride-hailing,  robo-taxi
services by end of plan

As well as Groupe Renault key assets:
               -           Globalizing  light  commercial  vehicle  (LCV) range;
becoming a top global player
               -          Expanding the group's already successful Global Access
range
               -           EV Leadership - 8 pure  electric vehicles models, 12
electrified models
               -           RCI Bank  and Services  - supporting customer loyalty
and expanding connected and mobility services

Drive  the Future will also include investment in digitalization in all parts of
the  company, in  new talent  recruitment and  skills development. The plan will
enhance  industrial competitiveness, reduce the  company's carbon footprint, and
improve sustainability.

Drive The Future - the presentation will be available on October 6, 2017 on
www.groupe.renault.com or visit for more information
drivethefuture.groupe.renault.com.


About Groupe Renault
Groupe  Renault has  been making  cars since  1898. Today it is an international
multi-brand  group, selling  close to  3.5 million vehicles  in 127 countries in
2016, with  36 manufacturing sites,  12,700 points of  sales and  employing more
than  120,000 people. To meet  the major technological  challenges of the future
and  continue its  strategy of  profitable growth,  the Group  is harnessing its
international  growth and  the complementary  fit of  its five  brands, Renault,
Dacia  and  Renault  Samsung  Motors,  Alpine  and  LADA, together with electric
vehicles  and the unique Alliance with Nissan and Mitsubishi. With a new team in
Formula  1 and a strong  commitment to Formula  E, Renault sees  motorsport as a
vector of innovation and brand awareness.

MEDIA CONTACTS:
Frédéric Texier
[email protected]
+33 1 76 84 33 67

Astrid de Latude
[email protected]
+33 1 76 83 18 84

Renault Press: + 33 1 76 84 39 59
Websites: group.renault.com
Follow us: @Groupe_Renault


--------------------------------------------------------------------------------

[1] with FX from banking consensus September 2017.
[2] Including Avtovaz consolidated on December 31, 2016.

PRESS RELEASE GROUPE RENAULT STRATEGIC PLAN PRESENTATION: 
http://hugin.info/143563/R/2139859/819246.pdf



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
    
Source: RENAULT via GlobeNewswire

 
  

© InPublic, source European Press Releases

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