Renault Q3 revenue rises as it pins sales hopes on seven new models [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
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Source: Yahoo! Finance
In addition, the group reaffirmed its annual operating margin outlook. Chief Financial Officer Thierry Pieton said revenue benefited from an "unprecedented product offensive," noting that Renault had 10 new launches this year and seven more planned for 2025. For the three-month period, the company posted revenue of €10.7 billion ($11.5 billion), higher than €10.5 billion recorded for the same stretch last year. The Renault Group's worldwide sales reached 482,468 vehicles, down 5.6% from last year. Renault brand's sales totalled 339,307 units, down 4.9% year-on-year. Looking ahead, for the fourth quarter, the automobile major expects its group sales to strengthen by the progressive deployment of new vehicles across European countries, including Renault 5 E-Tech electric, New Renault Captur, Renault Symbioz, New Renault Master, New Dacia Spring, All-New Dacia Duster, and Alpine A290. For the full year, the group still expects to record operating margin superior or equal to
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