Strong revenue increase of 21% so far this year due to strategic commercial strategies and aggressive product launches in Europe

Increased Group Revenue by 21.1% Year-Over-Year to €37.4 billion in January-September 2023, Up by 25.3% at Constant Exchange Rates

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2025 September 18 . 9:14 AM

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Europe contributes 21% year-to-date revenue growth due to stringent commercial strategies and... — Europe contributes 21% year-to-date revenue growth due to stringent commercial strategies and strategic product launches

Strong revenue increase of 21% so far this year due to strategic commercial strategies and aggressive product launches in Europe

Renault Group has announced its financial results for the third quarter of 2023, revealing a robust performance across its various brands. The French automotive giant reported a 6.1% increase in total sales, with 511,000 vehicles sold during the quarter.

The Renault brand alone saw a significant boost, with worldwide sales reaching nearly 357,000 units, marking an 11.0% increase compared to the same period in 2022. In Europe, the brand's sales surged by 24.8% to 223,000 units.

One of the standout performers within the Renault family was Alpine, which recorded over 1,000 sales in Q3 2023, representing a 31.0% increase versus the same quarter in 2022. However, no specific information about the sales manager of the Alpine brand within the Renault Group could be ascertained.

Dacia, another key player in the Renault Group's portfolio, also reported impressive growth. The brand sold 494,000 units worldwide over the first nine months of 2023, a 16.7% increase. The 4 flagships of Dacia—Spring, Sandero, Duster, and Jogger—all posted increased sales.

The financial performance of the Renault Group was further underscored by the strong results posted by Mobilize Financial Services. The company reported revenue of €1,102 million in Q3 2023, up 36.4% compared to the same quarter in 2022.

Renault Group's consolidated revenue for the quarter was not provided in the available data. However, the automotive revenue reached €9.4 billion, up 5.0% compared to 2022 Q3, or +11.3% at constant exchange rates.

The Group's inventories stood at 226,000 vehicles at the end of September, a decrease compared to the end of June 2023, which is in line with the objective of being below 500,000 vehicles at the end of the year. The level of inventories is also in line with the orderbook, which remains at 2.5 months of forward sales at the end of September.

Looking ahead, Renault Group expects a Group operating margin in H2 above H1, which was at 7.6%. The company also confirmed its 2023 FY financial outlook with a Group operating margin between 7% and 8%.

In addition, Renault Group expects a free cash flow superior or equal to €2.5 billion for the 2023 FY. The automaker continues to outperform on the LCV market, with a 21.0% growth worldwide and a 25.5% increase in Europe.

The top 15 markets for Renault Group at the end of September 2023 were not provided in the given text. Nevertheless, the strong sales figures and financial performance indicate a promising outlook for the company in the remainder of 2023 and beyond.