Renault's Revenue Rises in 1st Quarter, Confirms 2017 Targets

Renault SA said Thursday that its revenue rose by a quarter as the French car maker increased car sales and consolidated results for the first time from a Russian unit.

Revenue for the three months to the end of March climbed to 13.13 billion euros ($14.27 billion) from 10.49 billion euros in the same period last year. Car sales in the quarter advanced 16% to 873,678 vehicles.

Stripping out Autovaz, revenue rose about 20%.

Renault, which said it sees the European car market expanding 2% this year, confirmed its 2017 financial targets, which include increasing revenue and operating profit compared with last year.

Write to Eric Sylvers at

(END) Dow Jones Newswires

April 27, 2017 12:42 ET (16:42 GMT)