The French automaker performed better than expected in the third quarter of the year, thanks to a sales increase driven by demand for its new cars.
French auto group Renault published its third-quarter results on Thursday, showing an increase in revenue. Surprised performance and defies the tendency to be thin a situation currently seen in the automotive industry across Europe.
company It generated revenue of 10.7 billion euros For the third quarter of the year this meant: increased by 1.8% compared to the same period from the previous year. On the other hand, the sector’s 2024 third quarter revenue was 9.3 billion euros. -0.5% less compared to with the same period before. Looking at its annual accounts, the group’s revenue amounted to 37.7 billion euros; This represents an increase of 0.8% compared to the third quarter of 2024. The entire sector shrank by 1.5%.
This is largely due to increased demand for the company’s new vehicle range, which includes models such as Symbioz, Scenic E-tech electric, Duster and Rafale. There was a Renault brand Third most popular in Europe It is most popular in the first nine months of the year and also in France. It was also the most important light commercial vehicle brand in Europe. Sandero was the best selling vehicle.
Renault launches a range of new models in 2024
Group Renault Chief Financial Officer (CFO) Thierry Piéton said: “Our third quarter revenue is starting to benefit from an unprecedented product launch. with 10 new ones this yearThis represents 18% of our billings for the quarter.
This trend will continue in the coming quarters, in line with the gradual introduction of vehicles into their respective markets, and will accelerate further with l.Seven new launches planned for 2025.
“This attractive and competitive range of electric, internal combustion and hybrid vehicles demonstrates our flexibility to adapt to whatever the pace of the transition to electric vehicles and remains an important support for the Group’s performance as well as reducing costs,” Piéton explained. “In this challenging environment, we are accelerating our deep transformation with committed teams to improve our agility and build the next phase.”
Groupe Renault also improved its financial outlook for the year as a whole. We expect the group to improve operationally by 7.5%.
