Groupe Renault has unveiled third quarter revenue up 13% to EUR10.5bn (US$11.5bn) due mainly to Europe's continuing strong performance.
In the third quarter, Groupe Renault sales increased by 16% to 721,741 vehicles, in a market which expanded by 5%.
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In Europe, the Group's registrations rose by 11.3% in a market up 5.3%. The success of the new models and the continuing strength of Clio IV, Captur and Dacia models helped the group to pick up an additional 0.5 points market share.
Outside Europe, the Group grew by 21.5% with significant expansion in the Africa, Middle East and India Region (+85%). Market share grew across all regions.
Groupe Renault is confirming its guidance for full-year 2016, with the global market expected to record growth of around 1.7% compared to 2015. The European market, as well as the French one, are now estimated to increase by at least 5%.
Outside Europe, the Brazilian and Russian regions are expected to decline: -15% to -20% for Brazil and -12% for Russia. China (+4% to +5%) and India (+7% to +9%) should pursue their positive momentum.
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By GlobalDataWithin this context, Groupe Renault (at constant scope of consolidation) confirms its full-year 2016 guidance:
. Increase Group revenues (at constant exchange rates).
. Improve Group operating margin.
. Generate a positive Automotive operational free cash flow.
