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Stock impact report

New models help Renault maintain sales in third quarter [Yahoo! Finance]

RENAULT SA UNSP/ADR (RNLSY) 
NASDAQ:AMEX Investor Relations: group.renault.com/en/finance-2
Company Research Source: Yahoo! Finance
Overall revenue at the French carmaker edged 1.8 percent higher to 10.7 billion euros ($11.6 billion) in the third quarter, although auto sales dipped 0.5 percent to 9.3 billion. The results beat analyst expectations. "The product offensive is becoming visible," said the group's chief financial officer, Thierry Pieton. Renault recently launched an electric version of its Scenic MPV and Symbioz and Rafale SUVs. Its budget Dacia brand rolled out an updated version of its Duster SUV. After 10 new models in 2024, Renault plans to launch seven in 2025. "This appealing and competitive line-up, with both electric and ICE & hybrid vehicles, demonstrates our flexibility to adapt whatever the pace of EV transition and remains a key support for the Group's performance together with cost reduction," Renault said in a statement. Renault shares revved more than seven percent higher during morning trading on the Paris stock exchange. Unlike other automakers, Renault maintained its 2 Show less Read more
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