Renault Spain closed the 2022 fiscal year with a solid performance across turnover, profitability, and production. The company reported a turnover of 6,093 million euros, with a net result after tax of 73 million euros. A total of 256,864 vehicles were produced, reflecting a 13% year-over-year increase, and an impressive 90% of this output was destined for export. This snapshot underscores Renault Spain’s role as a key manufacturing hub within the Group while aligning with broader strategic objectives across Europe.
During the Ordinary General Assembly, chaired by Josep Maria Recasens, Renault España SA confirmed the 2022 results. The assembly emphasized the strong operating results and the continuing momentum in the Spanish market, signaling confidence in the company’s long-term plans and its capacity to sustain growth through a mix of domestic demand and international demand. The official figures were communicated via a press release, reinforcing the clarity and transparency with which Renault Spain presents its performance to investors and stakeholders.
In 2022 Renault’s Spain operations delivered a turnover of 6,093 million euros, with a net post-tax profit of 73 million euros. The financial report highlights the balance between revenue generation and efficient cost management, contributing to a positive bottom line amid a dynamic automotive landscape in Europe. This result is presented alongside the broader context of the Renault Group’s regional priorities and market positioning in Spain.
As part of the Group’s Strategic Plan, the Spanish facilities were designated as the Hybridization Pole, reflecting Renault’s commitment to advancing electrification and hybrid technologies. The production figure of 256,864 vehicles marks a continued recovery and growth trajectory compared with the previous year, with 90% of units earmarked for international markets. The plan supports the company’s goal of strengthening its hybrid and electric vehicle capabilities while maintaining robust export performance that leverages Spain’s manufacturing strength.
Production highlights included continued output at the Palencia site, where the Renault Austral began production as part of the Renault Industrial Plan. The Mégane line also remained active, contributing to a total of 94,113 units produced in the year, a 22% increase over 2021, with exports accounting for 85% of this volume. These figures reveal a diversified product mix and the successful execution of the industrial strategy that aims to balance domestic assembly with high-demand exports.
At the Valladolid Body Assembly plant, 162,751 vehicles were produced, a rise from 2021 by 8%. The majority of this output was directed to export markets, with 93% of production allocated for international customers. The Valladolid Engine plant contributed a total of 896,522 units, of which 73% were exported, demonstrating the site’s critical role in supplying powertrains to Renault’s global network. Meanwhile, the Seville Gearbox plant produced 371,538 gearboxes, with 82% exported, underscoring Spain’s importance in the Group’s transmission and drivetrain supply chain.
Brand performance in the Spanish market reinforced Renault’s leadership in hybrid technology, with the Renault brand identified as the fastest-growing in hybrids in Spain. Dacia also showcased strength, ranking fourth in market share. In terms of market penetration, Renault registered 64,594 vehicle sales in Spain, with 20% of those being electrified, while Dacia sold 37,800 passenger cars, reflecting a 2.7% year-over-year increase. These numbers illustrate a consumer shift toward electrified options and a durable demand for compact and practical models within the European region.
Overall, Renault Spain’s 2022 results point to a resilient operation with a strategic emphasis on electrification, export-driven growth, and a diversified production footprint across multiple sites. The year’s performance aligns with broader automotive market trends in North America and Canada, where demand for efficient, technologically advanced vehicles continues to rise, reinforcing Renault Spain’s role in the global supply chain. The integrated approach to hybridization, product diversification, and international sales positions Renault Spain as a key contributor to Renault Group’s regional and global ambitions, while supporting jobs, investment, and innovation across its Spanish manufacturing ecosystem. [Source: Renault press materials attribution]