BOULOGNE-BILLANCOURT (dpa-AFX) - Renault Group (RNSDY.PK, RNSDF.PK, RNT.L), French automobile major, reported that its group revenue for the first quarter of 2023 was 11.5 billion euros, up 29.9% from the prior year. At constant scope and exchange rates, Group revenue was up 33.5%.
Automotive revenue for the quarter was 10.5 billion euros, up 29.7% from the previous year, reflecting increase in production.
Renault Group worldwide sales amounted to 535,000 vehicles in the first quarter, up 14.1% from the prior year. In Europe, Group sales were up 27.3% in a market up 16.2%.
Renault Group confirmed its 2023 financial outlook with a group operating margin superior or equal to 6%; an automotive operational free cash flow superior or equal to 2 billion euros.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX