The & quot; cure & quot; by Luca De Meo is bearing fruit. After two particularly difficult years, Groupe Renault ended 2021 with a positive result, far exceeding the financial objectives it had set itself.
Groupe Renault has largely exceeded its financial targets for 2021, despite the impact of the shortage of semiconductors and the increase in the price of raw materials. There & ograve; it reflects the sustained pace with which the profound transformations of the Group, begun in the context of Renaulution, are being carried out. Thanks to the constant commitment of the teams and capitalizing on the Alliance, we are accelerating the achievement of our strategic objectives, to position the Group as a competitive, technological and responsible reference player.
THE MAIN NUMBERS OF 2021 < p> Numbers in hand, 2021 is coming; closed with a net result of 967 million euros . More in detail, the Group recorded a turnover of € 46.213 billion, an increase of 6.3% compared to 2020. The turnover of the motor business alone is; amounted to 40.404 billion euros, an increase of 7.1% compared to 2020.
The new commercial policy, which is was launched in the third quarter of 2020, focusing on the most important segments; profitable, resulted in a positive net price effect of 5.7 points. The success of Arkana, launched in the second quarter of 2021, marking the rebirth of the Renault brand in the C segment, and the performance of commercial vehicles, generated a positive product mix effect of 2.2 points. These two effects make it possible to compensate for the 7.5 point loss in volumes, connected above all to the adoption of the policy that favors value over volumes.
The Group then recorded an operating margin positive of 1.663 billion euros (3.6% of turnover) compared to -337 million euros in 2020. The Group's operating margin reached 4.4% of turnover in the second half of 2021.
Taking into consideration all the other operating income and expenses, the Group's operating result amounted to € 1.398 billion, compared to € 1.999 billion in 2020. The French Group shows that it has achieved some of its objectives in advance of the Renaulution plan such as, for example, having reduced fixed costs by 2 billion euros compared to 2019 with a year in advance.
In 2022, the Renault Group will reimburse; 1 billion euro in advance of the loan granted by a banking pool covered by the guarantee of the French state and 1 billion euro on the basis of the contractual maturity. The loan will be fully repaid by and no later than the end of 2023. The French group then makes it known that it does not intend to pay dividends to shareholders.
Thanks to the results of 2021, the Renault group highlights that & egrave; able to accelerate the Renaulution strategy by enhancing its industrial and technological resources. Plan which, as we know, is based in an important way on the electrification of the range of its cars. The Group confirms that it will aim; to make the Renault brand only electric in Europe by 2030.
And coming to the prospects for 2022, the French group highlights that in a context still affected by the chip crisis and rising costs of raw materials, it expects an operating margin of the Group greater than or equal to 4% and an operating free cash-flow of the Auto Branch greater than or equal to 1 billion euros.
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