Renault 3Q Revenue Rises 13% on Rebounding European Car Market
October 25 2016 - 12:54PM
Dow Jones News
By Eric Sylvers
Renault SA on Tuesday reported a 13% increase in third-quarter
revenue as a strong performance in the rebounding European car
market boosted the French manufacturer.
Revenue rose to EUR10.55 billion in the three months ended Sept.
30 compared with EUR9.34 billion in the same period last year.
Vehicle sales rose 16% in Europe, triple the market's overall
growth.
The company confirmed its full-year financial targets that
include increasing revenue at constant exchange rates and improving
the operating margin.
Write to Eric Sylvers at eric.sylvers@wsj.com
-- @EricSylvers
(END) Dow Jones Newswires
October 25, 2016 12:39 ET (16:39 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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