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Renault’s Revenue Growth Stalls
Renault SA’s sales of cars and light commercial vehicles rose 5% to 935,000 units in the first quarter, buoyed by record volumes for its Dacia and Renault brands.
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Renault SA’s sales of cars and light commercial vehicles rose 5% to 935,000 units in the first quarter, buoyed by record volumes for its Dacia and Renault brands.
The company says its share of the global car market rose to 4.0% from 3.9% a year ago. But revenue was unchanged at €13.2 billion ($15.9 billion).
Renault confirms its full-year guidance. The company forecasts revenue growth, a continuing operating margin greater than 6% and positive free cash flow from its automotive operations.
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