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HomeFinanceRenault confirms outlook as revenue climbs on pricing power, strong sales

Renault confirms outlook as revenue climbs on pricing power, strong sales


Renault SA on Thursday said that revenue rose in the first quarter on strong pricing power and higher sales, and confirmed its outlook for the year.

The French car maker
RNO,
-6.34%

said revenue reached 11.5 billion euros ($12.6 billion) compared with EUR9.75 billion in the same period last year, a 30% increase.

Renault sold 535,000 vehicles worldwide in the first three months of 2023, 14% more than in the same quarter last year. Renault’s sales figures no longer include operations in Russia, the company said.

The company, which has a 2023 operating margin target of 6% or higher, confirmed its outlook for the full year.

Write to David Sachs at [email protected]

Renault’s revenue for the first quarter of 2022 was EUR8.85 billion. “Renault Confirms 2023 Outlook After 1Q Revenue Rose,” at 0520 GMT, misstated the revenue figure for the first quarter of 2022 in the second paragraph.



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