Renault (EU:RNO) delivered a stronger-than-anticipated first quarter, with revenue rising 8.8% at constant exchange rates to €12.53 billion ($14.67 billion), comfortably above analyst expectations of €11.57 billion.
Growth was primarily driven by the automotive division, where revenue increased 8% on a constant-currency basis to €10.81 billion.
Vehicle sales rose 3.8% across Europe and 2.2% globally.
The performance comes amid a more uncertain macro backdrop. Renault said it is “taking additional measures to mitigate the potential impact of the Middle East crisis on raw materials, energy, and logistics costs.”
The group sold 546,183 vehicles during the quarter, representing a 3.3% decline compared with the same period last year. The drop was mainly linked to temporary factors affecting Dacia, while sales at Renault and Alpine recorded growth.
“In the first quarter of 2026, despite a challenging start of the year in registrations due to one-off factors at Dacia, we are benefiting from a robust product momentum across all our brands, for both passenger cars and light commercial vehicles,” said Renault CFO Duncan Minto.
“This positive momentum is underpinned by a double-digit order intake since the start of the year.”
Despite these challenges, the French automaker maintained its full-year outlook, targeting an operating margin of around 5.5% of group revenue and automotive free cash flow of roughly €1 billion.
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