After the departure of the Italian Luca de Meo to the luxury goods group Kering, Renault presented Duncan Minto as the new interim boss on Tuesday evening. Born in 1975, the Financial transactions of the French car manufacturer have so far been responsible for the financial transactions – and has their hands full. After surprisingly bad half -year figures, the share price went on a descent on Wednesday morning. In the meantime, it was more than 18 percent in the minus. The stock market value shrank to almost ten billion euros. Renault shocked the markets with a massively deteriorated free cash flow. It fell to 47 million euros, including one, as the group admits, “significantly negative change” of the operating capital requirement of 900 million euros. For comparison: In the first half of 2024, the Free Cashflow still had 1.3 billion euros and in 2024 with 2.9 billion euros even significantly above the targeted brand of 2.5 billion euros. These are among the expectations and “outstanding claims that were influenced by billing times in the last days of the month”. In addition, it was to be dealt with with an “increasing competitive pressure as a result of the continuing decline in the private customer market and a below -average performance in the commercial vehicle business in a strongly declining European market. If you follow the management of the management, there are two reasons for this strong change: a higher level of production at the end of 2024 compared to the level at the end of June 2025 on the one hand and one compared to the end of 2024 higher inventory as a result of weaker volumes in June. The total vehicle stock was 530,000 vehicles at the end of June, more than five percent less than in March. The new Renault interior chief Duncan Mintoolivier Martin-Gambier “In view of the deteriorating market development with increasing competitive pressure”, Renault has now significantly reduced his financial goals for the entire year. Instead of the planned more than two billion euros, the group is now only aiming for a free cash flow from one to 1.5 billion euros. The operational margin should only be 6.5 percent instead of seven. Last year she had surpassed the 5.9 and 5.5 percent of competitors Volkswagen and Stellantis with 7.6 percent. Renault had praised himself to be the only great European car manufacturer who did not have to capture his financial goals. More on the subject of shock about the bad half -year figures is all the greater, since many observers Renault saw on sustainable success after many years of crisis. After the drama about long-time CEO Carlos Ghosn, the fast bankruptcy in Corona pandemic and the expensive farewell to the former second most important Russia, the Italian has fundamentally renewed the model range and bravely renovated the company. Unlike the German competition and Stellantis, the French do not sell cars in the United States or China. The dependence on the European home market is all the greater with a sales share of two thirds. Anyone who takes over the executive chair at Renault in the long term remains open. The head of the Romanian Group brand Dacia, Denis Le Vot.
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