Renault (EU:RNO) reported third-quarter sales ahead of expectations, driven by higher vehicle volumes across its portfolio and steady demand for its latest models.
Group revenue rose 6.8% year-on-year to €11.43 billion ($13.27 billion) for the three months to September, topping the company’s consensus estimate of 6.2% growth. Total deliveries increased 9.8% to 529,486 units, with gains seen across the Renault brand and its other marques.
“In a challenging environment, we continue to capitalise on our compelling and competitive line-up, spanning electric, ICE (internal combustion engine) and hybrid vehicles,” said Chief Financial Officer Duncan Minto.
The company reiterated its full-year operating margin forecast of around 6.5%, a target that was lowered earlier in the year from at least 7% amid intensifying competition in the European automotive market. Renault continues to face pricing pressure from lower-cost Chinese EV manufacturers, while U.S. tariffs on imported vehicles have added to headwinds.
“We remain fully committed to our value-over-volume strategy, while maintaining strong focus on executing our cost-reduction roadmap,” Minto said.
He noted that new models made up 30% of Q3 sales, compared with 28% earlier in 2025 and 25% at the end of 2024. The new compact crossover SUV Dacia Bigster has been a key contributor to improved profitability.
Jefferies analyst Philippe Houchois commented that Renault’s third-quarter revenue was “marginally ahead of consensus with a bit more volume and country mix and a bit less product mix than expected.” He added, “Revenue disclosure consistent with FY guidance, reiterated, for the Nth time.”
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