4/22, 7:46 AM (Source: TeleTrader)
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Chart for: Renault SA

Renault Q1 revenue down by 1.1% YoY to €10 billion

Groupe Renault SA revealed on Thursday its revenue declined by 1.1% on an annual level to came in at €10 billion in the first quarter of 2021, slightly missing analysts' expectations.

Meanwhile, the group's global sales rose by 1.1% in comparison to the same period last year to 665,038 sold vehicles, 42,951 of those being electric (EV) and hybrid models. On the other hand, its mobility services and sales financing both experienced a significant annual drop of 16.7% and 8.2%, respectively.

Groupe Renault's total inventories decreased by 26% compared to the first trimester of 2020, going down from 661,000 units in that period to 487,000 units in this quarter.

Breaking the News / JR