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Full Year 2021 Renault SA Earnings Call Transcript
Good morning, everyone. We are pleased to welcome you for the 2021 full year results of Renault Group. This presentation will be made by Luca de Meo, CEO of Renault Group; and Clotilde Delbos, Deputy CEO and CFO. This presentation is broadcast live and will be followed by a Q&A session.
Luca, the floor is yours.
Thank you, Philippine. Hello, everyone. Thank you for being with us today physically or virtually. I am very pleased to present to you our 2021 results. I think it's a very special day for the Renault Group. One year ago, as you remember, we reported historical losses. And today, we're able to show you results that probably a few would have expected from us. So when you look at the numbers, you can see that we exceeded our Renaulution 2021 consensus. We are also at least one year in advance on most of our objectives, namely, our profitability reached 3.6%, which is above our previous or is our 2023 guidance. We also generated EUR 1.3 billion of free cash flow. And our investment
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