Renault surprises the market: revenues improve within the quarter | EUROtoday

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Groupe Renault closed the primary 9 months of 2024 with revenues of 37.7 billion euros (+3.7% at fixed trade charges). In the third quarter of the 12 months, revenues reached 10.7 billion with a rise, at fixed trade charges, of 5.0%, a determine that went past market expectations.

As Thierry Piéton, monetary director of the Renault Group, highlighted in an online press assembly, revenues from the automotive sector alone stood at 9.347 billion, down by -0.5% in comparison with the third quarter of 2023. This is basically as a result of unfavourable forex affect of three.1 factors (-289 million euros) linked to the devaluation of the Argentine peso, the Brazilian actual and to a lesser extent the Turkish lira.

Confirming a Group working margin of seven.5% and free money stream of two.5 billion euros, Piéton reiterated that third quarter revenues «are beginning to present the advantages of our unprecedented product offensive, with launching 10 new automobiles this 12 months, representing 18% of quarterly gross sales. A pattern that may speed up additional in 2025 due to the 7 new launches of electrical, thermal and hybrid automobiles.”