Renault's revenue down 8.2% to €10.37B in Q3

Friday, 23. October 2020 07:17

Groupe Renault announced on Friday its third-quarter results for this year, revealing that its revenue decreased 8.2% on a yearly basis to reach €10.374 billion. The revenue figure surpassed expectations.

The company sold 806,320 vehicles in the same period, 6.1% fewer compared to the same trimester of 2019. Most of the produced vehicles were sold in France and Russia.

Commenting on the results, Renault's Chief Executive Luca de Meo said that "the third-quarter highlights the change in our commercial policy, which now focuses on profitability rather than volumes. Our EV performance, our E-TECH hybrid models which have been very well received, our liquidity reserves and our positive spirit give us confidence in the Group's ability to start its recovery."

Related Links: Renault S.A.
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Breaking the News / ND