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November 2, 2015

FRANCE: Renault revenues up in Q3/2015

Renault group revenues increased by 9.4% to EUR9.34bn (US$10.28bn) in the third quarter of 2015.

Renault group revenues increased by 9.4% to EUR9.34bn (US$10.28bn) in the third quarter of 2015.

Automotive revenues grew 10.2% to EUR8.8bn. Continued growth in sales to partners accounted for 5.2 points of this increase.

Sales financing (RCI Banque) contributed to group revenues for EUR534m, down 2.2% compared with the same period in 2014. This decrease was due to lower interest rates in Europe and the drop in some currencies. Average performing loans increased by 12.8% and were worth EUR28.8bn in the third quarter. The number of new financing contracts increased 15.2% year on year.

Outlook

The European car market should grow 8% this year, Renault said, with the French home market up 5%. Main emerging markets should "remain adverse and volatile in the fourth quarter".

Guidance was confirmed.

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