Key facts
- Third-quarter revenue rose 1.4% to €11.6 billion.
- Analyst forecasts expected a 0.3% decline in revenue.
Renault Group reported a better-than-expected 1.4% rise in third-quarter revenue on Thursday, reaching €11.6 billion ($12.95 billion) at constant exchange rates. This performance surpassed the consensus forecast of a 0.3% decline. The company attributed the growth to strong sales of its popular electric models to retail customers in key markets like France, which helped to mitigate the impact of lower overall volumes and pricing pressure from Chinese competitors.