There was a 4.0% decrease to 229,000 over the quarter in the production of new financing contracts. 2013 outlook After a weaker than expected Q1 2013, the European and the French markets remain uncertain and we expect them to contract by 5% this year, with a weaker H1 than H2 .The global automotive market (PC+LCV) is expected to grow 3% year on year. In this context, Renault reaffirms its strategy of international development. In Europe, the Group is targeting market share growth with new product launches (Captur, ZOE, Clio Estate, New Logan) and the full impact of the products launched at the end of 2012 (New Clio and New Sandero) with a sustainable pricing policy. Renault Group is still targeting for 2013 (provided European and French do not worsen from our expectation): – higher Group registrations, – positive Automotive operating margin, – positive Automotive operational free cash flow. Renault group consolidated revenues 1 On a consistent basis, Q1 2012 revenues were €9,371 million.