Consequently, Renault Group has to revise its 2022 financial outlook with:
- A Group operating margin of around 3% (vs ≥ 4% previously);
- A positive automotive operating free cash flow (vs ≥ €1Bn previously).
A non-cash adjustment charge amounting to the accounting value of the consolidated intangible assets, property, plant and equipment and goodwill should be recorded at the time of the 2022 first half results. As of December 31, 2021, this value amounted to 2,195 million euros.
Renault Group remains focused on implementing its Renaulution strategic plan. The Group will pursue its commercial policy focused on value, strengthen its competitiveness, and accelerate its cost reduction program.