Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Renault's new launches lift first quarter sales

Published by Global Banking and Finance Review

Posted on April 24, 2025

Featured image for article about Finance

By Dominique Patton

PARIS (Reuters) -French carmaker Renault reported a small rise in first-quarter revenue on Thursday as popular new models including the electric Renault 5 and Duster SUV helped to offset the impact of reduced dealer inventories and adverse exchange rates.

The group generated revenue of 11.68 billion euros ($13.24 billion), up 0.6% from a year earlier at constant exchange rates, but slightly below the 11.71 billion euros expected by analysts in a company poll.

Group sales increased 2.9% to 564,980 vehicles, demonstrating the success of a flurry of new models launched last year.

JPMorgan analysts called the performance "a solid set of results".

Renault shares were up 2.9% at 0900 GMT.

The results come as the auto industry grapples with the 25% import tariff imposed by U.S. President Donald Trump.

With no presence in the U.S. market, Renault is not directly affected and has not seen any secondary impact in its supply chain so far, Chief Financial Officer Duncan Minto told journalists.

However, the company has decided to cut costs given the current uncertain environment, Minto said.

"We prefer to be able to protect the company and continue this strong momentum. And so we decided to postpone some projects that were not major, which would not have an impact on the range," he said.

That includes delaying the launch of its Alpine sports car in the United States, Minto said, and a focus on inventory levels.

One of the few companies in the sector to maintain its targets last year, Renault also confirmed it is aiming for an operating margin of 7% or more this year, which includes an estimated hit of 1 percentage point, or around 500 million euros, related to stricter European pollution regulations.

Minto said the company was not changing its product mix, even after Brussels proposed extending the time for carmakers to comply.

The share of EVs in Renault's total group sales rose to 13% in the first quarter from 10.5% a year earlier, helped by the launch of the R5. Renault brand EV sales jumped 88% in the quarter.

The company expects further growth from the R5, now France's leading EV, and currently launching in Britain.

($1 = 0.8819 euros)

(Reporting by Dominique Patton. Editing by Rachna Uppal and Mark Potter)