Renaults posts a 15 percent increase in sales in the first quarter of 2011

Article by Christian A., on April 26, 2011

In the first quarter of 2011, Renault’s revenue increased by 15% due to the strong demand for the models it sells in Russia as well as in emerging markets. From a revenue of 9.07 billion euros in the first quarter of 2010, Renault now posted a revenue of 10.43 billion euros ($15.27 billion). But the estimates of six analysts as compiled by Bloomberg pointed to a 9.5 billion-euro median.

In a statement last Tuesday, CEO Carlos Ghosn said that sales were boosted by “stronger markets and [its] good international sales performance.”

Renault is relying on the rising demand in emerging markets for its budget models to sell 3 million vehicles with a 5% profit margin in 2013.

Last year, Renault posted 2.63 million deliveries and a 2.8% margin. The biggest contributor to this sales growth is an 88% increase in the Eurasia region, which includes Russia and other former Soviet states.

A 15% sales increase was posted by Renault and its main automotive division, with sales reaching 9.97 billion euros. Meanwhile, the sales-financing unit reported an 8.4% gain to 466 million euros.

Renault said that first quarter results were ahead of plans. It also revealed that it expects to report higher sales volumes and revenue in 2011 compared to 2010.

The carmaker is aiming to achieve an automotive operational free cash flow of over 500 million euros with a ratio of capital expenditure and research and development that’s near to 9% of revenue.

Topics: renault, sales

If you liked the article, share on:

Comments

Recommended

British luxury automaker Aston Martin celebrates its new partnership with the Henley Royal Regatta sporting event by designing a one-off DB11 sports car that they recently revealed. The car explores...
by - June 28, 2017
The 2018 Dodge Challenger SRT Hellcat as we know, is the Demon's less powerful sibling, and there’s nothing wrong with that. But have you ever imagined how it would look...
by - June 28, 2017
Sorry Uber, but Handsome Cabs taxi company has something no one else can offer - a Lamborghini Huracan that can take their clients from Point A to Point B. This...
by - June 28, 2017
BMW saw a potential oil leak on the new M760Li, prompting them to recall the said vehicle last April. Today, a little over two months after issuing the first recall,...
by - June 28, 2017
Without a doubt, the SUV segment is getting increasingly more saturated. This month alone, we were greeted with city-oriented SUVs from the Kia Stonic to the Hyundai Kona, and now...
by - June 27, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries