Renault has revised its financial outlook for the full-year 2023, driven by the success of its recent launches, particularly the SUV Austral. With the positive response from customers, Austral has already sold over 10,000 units since its introduction in March.
These new launches have contributed to Renault’s increased operating margin target, now set at 7% to 8% for 2023, surpassing their previous goal of more than 6%. The company is also anticipating a rise in vehicle deliveries, with a target of 4.1 million units in 2023 compared to 3.9 million in 2022.
Renault’s improved outlook reflects the progress they have made in their turnaround plan. Despite previous challenges, the company has implemented measures to cut costs and invest in new technologies.
Moreover, their new launches are boosting sales and enhancing the company’s market position. The Austral model, based on Renault’s new CMF-EV platform designed for electric vehicles, is just the beginning. Renault plans to introduce several more electric vehicles on this platform in the coming years.
Overall, Renault’s improved outlook is a positive sign for the company. It shows that Renault is making progress in its turnaround plan and that it is well-positioned for the future.
