Renault: sales up by almost 1% to end September

(CercleFinance.com) - Renault Group reports sales of E37.
7bn for the first nine months of 2024, up 0.8% (+3.7% at constant exchange rates), including automotive sales of E33.7bn, down 1.5% (but +1.1% at CER).

Our Q3 sales (+5% at constant exchange rates) are beginning to benefit from our unprecedented product offensive, with 10 new vehicle launches this year, representing 18% of the quarter's billings, Thierry Piéton points out.

This trend will continue over the coming quarters, in line with the gradual introduction of vehicles on their respective markets. It will accelerate further thanks to the seven new launches planned for 2025, the CFO continues.

Renault Group therefore confirms its financial outlook for the full year 2024, namely a group operating margin of 7.5% or more, and free cash flow of E2.5bn or more.


Copyright (c) 2024 CercleFinance.com. All rights reserved.