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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