Renault has posted a 25% increase in half-year Group operating profit to EUR729m (US$980m), but warns of a “sharp slowdown” in emerging markets.
Registrations rose 4.7% to 1.36m units, thanks to a one point market share gain in Europe, although Group revenue fell 3% to EUR19.82bn.
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“Thanks to the success of its recently launched models, Renault’s registrations and profit improved in the first half,” said Renault chairman and CEO, Carlos Ghosn.
“These results are in line with the full-year target.”
The automaker says with 1,365,988 vehicles sold worldwide at end-June 2014, Renault group PC+LCV registrations increased by 4.7% in a global market up 4.1% in the first-half 2014.
In the first-half of the year, the performance of the Group in Europe, driven by new models, yielded market share gains of one point and allowed it to offset the sharp slowdown in its main emerging markets.
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