Renault Sa Unsp/Adr (RNLSY) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.241 Good morning, everyone, and welcome to our 2025 Q1 revenue presentation. 00:00:05.241 -- 00:00:10.191 This presentation will be made by Duncan Minto, CFO of Renault Group, and will be followed 00:00:10.191 -- 00:00:13.750 by a Q&A session. Duncan, the floor is yours. 00:00:13.750 -- 00:00:17.618 Thanks, Philippine. Good morning, everybody, or good afternoon, wherever you're joining 00:00:17.618 -- 00:00:22.808 from around the world. Pleasure to be with you this morning to present the Group 00:00:22.808 -- 00:00:28.139 Q1 revenue results for 2025. So, in Q1, Group revenue was broadly 00:00:28.139 -- 00:00:33.321 in line with last year at €11.7 billion. Constant exchange 00:00:33.321 -- 00:00:36.303 rates it was up 0.6%. 00:00:36.467 -- 00:00:41.758 Automotive revenues stood at 10.1 billion euros, down 3%, 00:00:41.758 -- 00:00:47.069 or down 2.2% at constant exchange rates. Mobility services amounted 00:00:47.069 -- 00:00:52.360 to 23 million euros, up 8 million compared with last year. 00:00:52.360 -- 00:00:58.016 Mobilise financial services revenue was up 22.3% to €1.5 00:00:58.016 -- 00:01:03.130 billion, mainly driven by the increase in average ticket per vehicle and 00:01:03.130 -- 00:01:08.155 still benefiting from growing interest rate trend over the last years. 00:01:08.155 -- 00:01:11.239 It increased by 23.5% at 00:01:11.239 -- 00:01:16.406 constant exchange rates. So moving on to the drill down of the automotive 00:01:16.406 -- 00:01:18.349 revenue. They 00:01:18.349 -- 00:01:23.576 stood at 10.1 billion euros, as I said, down 2.2 at constant exchange rates, 00:01:23.576 -- 00:01:27.501 with a negative forex impact of 0.8 points. 00:01:27.501 -- 00:01:33.168 As in previous quarters, this impact was driven by the devaluati...