The car manufacturer Renault has benefited from new models amid industry weakness in the third quarter. Thanks to an increase in financial services, sales climbed by 1.8 percent to 10.7 billion euros, as the French announced on Thursday in Boulogne-Billancourt near Paris. However, that was slightly less than analysts expected. Without the slowing effect of exchange rate effects, especially in Argentina, Brazil and the Türkiye It was said that the proceeds would have increased by five percent.
The company reported earnings figures for the third quarter as follows France usually not known. However, Renault boss Luca De Meo (57) is sticking to the annual forecast that the operating profit margin should be at least 7.5 percent of sales. He still expects the free cash inflow to be at least 2.5 billion euros.
Renault has kept prices more or less stable, management said. New car models for the Renault and Dacia brands provided a boost and thus cushioned the decline in sales in the quarter.
Renault sold 482,468 cars worldwide, almost six percent less than a year earlier. In the car business itself, revenue fell. In the fourth quarter, the new models are expected to give more traction through their introduction in additional markets in Europe.
The share of electric cars was only 7.6 percent in the third quarter because production of the electric Zoe and Twingo models was stopped. However, the manufacturer is successful with its hybrid models, as CFO Thierry Pieton (54) emphasized. Renault has followed suit here Toyota the largest market share in Europe.