Renault announces significant gains in annual sales, revenues and profits.

• New registrations up 3.2% to 2.7 million units
• Group revenues: €41,055 million (+0.3%). Excluding foreign exchange rate effect, +3.1%
• Group operating profit: €1,609 million, or 3.9% of revenues, compared to €1,242 million and 3.0% in 2013
• Automotive operating profit: €858 million, compared to €495 million in 2013 (2.2% vs 1.3%)
• Group operating income: €1,105 million versus minus €34 million
• Net income: €1,998 million versus €695 million in 2013
• Positive Automotive operational free cash flow: €1,083 million

“We met all the objectives announced for 2014. This milestone positions us on track to achieve our strategic plan, ‘Renault Drive the Change’. 2015 should allow us to take a new step forward, thanks to an unprecedented product offensive in the history of Renault,” said Carlos Ghosn, Chairman and Chief Executive Officer of Renault.

In 2014, Group revenues came to €41,055 million, an increase of 0.3% compared to 2013. At constant exchange rates, revenues grew by 3.1%.

The contribution of the Automotive division to revenues amounted to €38,874 million, up 0.3% vs 2013. The Group offset negative currency variations by increasing prices outside Europe and by the strong growth of sales to partners.

The Group's operating profit reached €1,609 million, compared to €1,242 million in 2013 (3.9% of revenues vs 3.0% in 2013).

The Automotive operating profit rose by €363 million to €858 million, representing 2.2% of revenues. This performance results from cost reductions and from growth in sales while unfavorable foreign exchange rates and the enrichment of some end-of-life models impacted negatively.

Sales Financing contributed to €751 million to Group operating profit compared to €747 million in 2013. The drop in net banking income was offset by an increase in average loans outstanding and by growth in services. The cost of risk remained stable at 0.43%.

Other operating income and expense items were negative by €504 million, mostly due to restructuring costs of €305 million and the impairment of assets for €153 million.

Group operating income came to €1,105 million compared to -€34 million in 2013. This improvement results from the increase in operating profit and the reduction in other operating expenses of €772 million.

The contribution of associated companies, mainly Nissan, was €1,362 million, compared to €1,444 million in 2013, including the negative contribution of AVTOVAZ for -€182 million.

Net income came to €1,998 million and net income, Group share, to €1,890 million (€6.92 per share compared to €2.15 per share in 2013).

Automotive operational free cash flow was positive at €1,083 million, due to the increase in profitability, as well as a positive change of €596 million in the working capital requirement over the period.

A dividend of €1.90 per share, vs €1.72 last year, will be submitted for approval at the next Shareholders’ Annual General Meeting.

2015 OUTLOOK

In spite of the uncertainties surrounding numerous economies, global car demand should continue to grow this year (+2 %). The European market should also show a slight positive growth (+2 %) while we continue to expect high volatility in our main emerging markets:

In this context, Renault Group aims to:

• increase further its registrations and revenues (at constant exchange rates),
• continue to improve the Group’s operating margin and that of the Automotive division,
• generate positive Automotive operational free cash flow.

Renault consolidated Results

€ million	2014	2013	Change
Group revenues	41,055	40,932	+0.3 %
Operating profit % of revenues	1,609 3.9 %	1,242 3.0 %	+367 +0.9pts
Other operating income and expenses items	-504	-1,276	+772
Operating income	1,105	-34	+1,139
Net financial income	-333	-282	-51
Contribution from associated companies	1,362	1,444	-82
o/w : NISSAN	1,559	1,498	+61
AVTOVAZ	-182	-34	-148
Current and deferred taxes	-136	-433	+297
Net income	1,998	695	+1,303
Net income, Group share	1,890	586	+1,304
Automotive operational free cash flow	1,083	827	+256

JANUARY UK SALES - NISSAN - fastest growing brand by market share, mmm, iffy !

• Fastest growing brand by market share compared with the same time last year
• Nissan car registrations reach over 11,000 for first month of the year – the best ever January in the company’s history
• UK-built stars – Qashqai, Juke, Note, and LEAF – reach highest ever January volume
• Company soars to fourth place in the UK’s top-selling brands
• January share of the passenger car market hits record high of 6.72%

Nissan Motor GB Limited has recorded its best ever start to a year with 11,076 cars sold in January – an increase of 25.9% or 2,277 registrations over the same period last year.

The company also stormed to its highest ever share of the January passenger car market at 6.72%, with the award-winning all-new Qashqai continuing its segment domination with over 4,500 sales.

Also at the heart of this sales success was Nissan’s other UK-built stars – the 100% electric LEAF, the Note, and the Juke – which all soared to their highest ever January registrations.

Nissan bolstered its position as the fastest growing brand in the UK with a total market share increase of 1%. This increased share of the car market puts the company at fourth position in the UK.

Helping to drive sales was Nissan’s diverse range of crossovers including the Qashqai, Juke and all-new X-TRAIL. Nissan continued to dominate this fast-growing category registering almost 8,000 units a 32% increase over the same period last year.

This powerful start to the year continues on from the company’s record-breaking 2014, during which 138,338 cars were sold – a 17% increase over 2013’s full year sales.

JANUARY USA SALES - NISSAN/INFINITI - Growth in both brands sets more records for Nissan.

	January 2015	January 2014	% Change
Nissan Group Total sales (units)	104,107	90,470	+15.1
Nissan Division sales	94,449	81,472	+15.9
Infiniti sales*	9,658	8,998	+7.3

Nissan Group today announced total U.S. sales for January 2015 of 104,107 units, up 15.1 percent year-over-year and a January record, helped with the introduction of new models and derivatives, and with more to come, 2015 is looking like it is going to be another great year for Nissan.

Nissan highlights:

• Nissan Division also set a January record with 94,449 sales, an increase of 15.9 percent.
• Sales of the Altima midsize sedan set a January record at 26,408, up 17.3 percent.
• Rogue sales set a January record at 15,649, an increase of 13.1 percent.
• January sales of the Versa subcompact were 10,546, up 23.7 percent.
• Sentra sales increased 57.7 percent in January to 14,395.
• With the all-new 2015 Murano now available in dealer showrooms, sales of the model increased 72.4 percent in January.
• Nissan plans to continue growing its U.S. sales with new models in 2015, including the all-new Titan pickup recently revealed at the North American International Auto Show in Detroit and an all-new Maxima, which was previewed in Nissan’s “With Dad” television ad that aired during the broadcast of Super Bowl XLIX.

NOTE: To ensure consistency in global sales reporting, Nissan calculates monthly variances on a straight-percentage basis, unadjusted for the number of selling days. January 2015 had 26 selling days, while January 2014 had 25 selling days.

NISSAN DIVISION	JAN	JAN	Monthly	CYTD	CYTD	CYTD
	2015	2014	% chg	2015	2014	% chg
Nissan Division Total	94,449	81,472	15.9	94,449	81,472	15.9
Versa	10,546	8,524	23.7	10,546	8,524	23.7
Sentra	14,395	9,127	57.7	14,395	9,127	57.7
Cube	156	402	-61.2	156	402	-61.2
Altima	26,408	22,515	17.3	26,408	22,515	17.3
Maxima	2,144	3,975	-46.1	2,144	3,975	-46.1
LEAF	1,070	1,252	-14.5	1,070	1,252	-14.5
Juke	2,001	3,442	-41.9	2,001	3,442	-41.9
370Z	448	440	1.8	448	440	1.8
GT-R	101	79	27.8	101	79	27.8
Total Car	57,269	49,756	15.1	57,269	49,756	15.1
Frontier	5,868	4,931	19.0	5,868	4,931	19.0
Titan	774	887	-12.7	774	887	-12.7
Xterra	998	1,518	-34.3	998	1,518	-34.3
Pathfinder	6,138	5,308	15.6	6,138	5,308	15.6
Armada	1,029	1,029	0.0	1,029	1,029	0.0
Rogue	15,649	13,831	13.1	15,649	13,831	13.1
Murano	3,773	2,188	72.4	3,773	2,188	72.4
Quest	708	735	-3.7	708	735	-3.7
NV	1,059	749	41.4	1,059	749	41.4
NV200	1,184	540	119.3	1,184	540	119
Total Truck	37,180	31,716	17.2	37,180	31,716	17.2
INFINITI	JAN	JAN	Monthly	CYTD	CYTD	CYTD
	2015	2014	% chg	2015	2014	% chg
Infiniti Total	9,658	8,998	7.3	9,658	8,998	7.3
Infiniti Q40	1,029	902	14.1	1,029	902	14.1
Infiniti Q50	2,966	2,949	0.6	2,966	2,949	0.6
Infiniti Q60	466	413	12.8	466	413	12.8
Infiniti Q70	627	489	28.2	627	489	28.2
Infiniti QX50	188	197	-4.6	188	197	-4.6
Infiniti QX60	2,577	2,380	8.3	2,577	2,380	8.3
Infiniti QX70	557	645	-13.6	557	645	-13.6
Infiniti QX80	1,248	1,023	22.0	1,248	1,023	22.0
Total Car	5,088	4,753	7.0	5,088	4,753	7.0
Total Truck	4,570	4,245	7.7	4,570	4,245	7.7
NISSAN GROUP	JAN	JAN	Monthly	CYTD	CYTD	CYTD
	2015	2014	% chg	2015	2014	% chg
TOTAL VEHICLE	104,107	90,470	15.1	104,107	90,470	15.1
Total Car	62,357	54,509	14.4	62,357	54,509	14.4
Total Truck	41,750	35,961	16.1	41,750	35,961	16.1
Selling days	26	25		26	25