At the carmaker Renault business picked up even more in the first quarter than expected. Sales rose by almost 30 percent to 11.5 billion euros compared to the same period last year, the French carmaker announced on Thursday in Boulogne-Billancourt near Paris. The manufacturer thus exceeded the average expectations of analysts, although Renault shares slipped by more than 6 percent in the morning.
The group has its previous year’s figures Russia– Business which he sold because of the Russian war of aggression against the Ukraine and the international sanctions decided last year.
In the first quarter of this year, Renault sold around 535,000 vehicles, an increase of a good 14 percent. The fact that sales grew even more was mainly due to the significantly higher sales prices. In the car business, the increased sales figures contributed 18.6 percentage points to sales growth. According to the information, price increases accounted for 9.4 percentage points.
Renault brand increases sales by double digits in Europe
In Europe, sales increased by more than 27 percent. While the main Renault brand increased its sales here by almost 20 percent to almost 230,000 vehicles, the in-house cheap brand Dacia increased by 41 percent to almost 150,000 cars.
Renault CFO Thierry Piéton (53) sees the group on course to achieve an operating margin of at least 6 percent this year: “The strong order backlog at the end of March and all upcoming market launches will continue to support the group’s business activities.”