Renault plunges after lowering 2025 profitability guidance

French automaker Renault Group is trading down more than 17% after lowering its fiscal year 2025 profitability guidance.

The company now expects an operating margin of 6.5%, down from more than 7% before, and free cash flow between 1.0 billion euros and 1.5 billion euros, down from more than 2 billion euros previously. It blamed “deterioration of the automotive market trends” as well as “increasing commercial pressure” from its competitors and the “continuation of the retail market decline” for the lowered guidance.

The company also reported lower-than-expected sales volumes in June.

Renault named company vet Duncan Minto as interim CEO and CFO after the abrupt departure last month of its CEO of five years, Luca de Meo.

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