Renault Back in to Profit as EV Sales Do the Heavy Lifting!
Renault Group has swung back into profit in the first half of 2026, with revenue up and electric vehicles doing a lot of the work.
Group revenue reached €30.3 billion, a 9.5% rise on last year. Operating margin landed at 5.2%, a touch down on the 6% recorded in 2025 but still ahead of what most analysts expected. Net income came in around €700 million after last year’s heavy loss, which was largely down to a one-off Nissan accounting hit.
The company has stuck with its full-year target of an operating margin around 5.5%.
EVs pulling their weight
Fully electric sales jumped an impressive 47.6% and now make up 18.8% of total group sales. In Europe, electrified vehicles (EVs plus hybrids) hit 52% of sales, up more than eight %. For the Renault brand itself, two out of every three cars sold in Europe were electrified.
CEO François Provost said: “the results show the strategy is working, even in a tricky market.”
European competition remains fierce, with Chinese brands adding to the pressure on prices. Despite that, Renault grew revenue, protected margins and kept investing in its electric range-firmly showing other legacy manufacturers that it can be done. And we yet have the upcoming Twingo EV to look forward to. Another success here one would imagine
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