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Renault’s Revenue Jumps 12%
Renault SA’s revenue in January-March climbed 12% to €10.5 billion ($11.8 billion). Sales were buoyed by a 7% gain to 692,500 in vehicle deliveries.
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Renault SA’s revenue in January-March climbed 12% to €10.5 billion ($11.8 billion). Sales were buoyed by a 7% gain to 692,500 in vehicle deliveries.
First-quarter revenue from automotive operations climbed 13% to €9.9 billion ($11.2 billion).
Renault’s sales volume in Europe grew 9%, outpacing the overall market for the period. Vehicle sales elsewhere increased 5%, thanks to a 36% gain in Africa, India and the Middle East. The company hiked sales in France by 9% to 163,100 vehicles, but its domestic market share was unchanged at 26.5%.
Renault predicts it will improve its revenue and operating margin for the year. The company says a 5% expansion of the European market—more than twice the previous estimated growth rate—will help it offset an expected 15%-20% decline in the Brazilian car market.
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