Renault Sa Unsp/Adr (RNLSY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning and good afternoon. Welcome to Renault Group's Q3 2025 revenue presentation. This conference call is broadcast live and recorded. It will be made available in replay on our website. I will now hand over to Duncan Minto, Renault Group CFO, to begin the presentation, which will be followed by a Q&A session. Duncan, the floor is yours. Thanks, Florent. Good morning, good afternoon, everyone. Thanks for joining us today. I'm pleased to be with you here to present our Q3 revenue and the sales performance. So in Q3 2025, Renault group revenue amounted to 11.4 billion euros, up 6.8%. At constant exchange rates, it was up 8.5%. Automotive revenue stood at €9.8 billion, up 5% or 6.8% at constant exchange rates. Mobility services amounted to €23 million, up €9 million compared to the same period last year. And mobilised financial services continued strong growth, with revenue up 18.4% to €1.6 billion. so as usual let's drill down into the automotive revenue evolution automotive revenue stood at 9.8 billion euros in q3 that was up 6.8 percent as i said at constant exchange rates with a negative forex impact of 1.8 points this impact was driven mainly by the devaluation of the argentinian piso the turkish lira the Brazilian RIE and the Korean Won. The second part, the volume effect, was a strong positive by 3.2 points in the quarter, as the 9.8% growth in group registrations was partly offset by a higher destocking of the independent dealer network over the quarter in Q3 2025 against Q3 2024, but we'll come back to this in a second. Looking first at the registrations, the 9.8% growth worldwide in Q3 translated to more than 529,000 registrations. I think the point to note is international sales were up 14.9% and European sales up 7.5%. In Europe...