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Renault’s First-Quarter Revenue Climbs Almost 14%
Renault SA's revenue in the first quarter of 2015 climbed to €9.4 billion from €8.3 billion in the same period last year.
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Renault SA's revenue in the first quarter of 2015 climbed to €9.4 billion from €8.3 billion in the same period last year.
The group's unit sales in January-March advanced 1% to 641,600 vehicles. Group registrations in Europe rose 10%, offsetting an 11% drop elsewhere.
Renault's new-car registrations in the first quarter fell 16% in Brazil and 41% in Russia. But volume jumped 13% in Africa, the Middle East and India.
The group now expects its full-year sales will grow 5% compared with the 2% it forecasted previously. Renault says its plan to consolidate its holding in Russia's OAO AvtoVAZ remains suspended pending the moment when "conditions for full control" are met.
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