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Renault reports slight growth in third-quarter revenue

Reuters
Renault reports slight growth in third-quarter revenue

PARIS, Oct ‌29 (Reuters) - Renault Group reported ​a ‌better-than-expected 1.4% rise in ‌third-quarter revenue on Thursday, ‌as higher sales of its popular electric models to ⁠retail customers ‌in major ⁠markets such as ​France helped offset lower volumes ​and price ​pressure ‌from Chinese competitors.

Revenue rose ​1.4% at ⁠constant exchange ‌rates to €11.6 billion ($12.95 ​billion), compared ​to an expected 0.3% decline in a company-compiled ‌consensus of analyst forecasts.

($1 = ‌0.8959 euros)

(Reporting ​by Gilles Guillaume and Dominique Patton; Editing ‌by Muralikumar Anantharaman)