Renault Group said on Thursday its revenue in the first quarter of fiscal 2025 declined by 0.3% compared to the same period a year ago to land at €11.67 billion. The fall was 0.6% at constant exchange rates.
Automotive revenue stood at €10.13 billion, down 3% year-over-year. Worldwide sales grew 2.9% on an annual basis, reaching 564,980 units. The carmaker added that its electric vehicle sales skyrocketed 87.9% in the reported trimester.
"In 2025 Q1, Renault Group outperformed the market with a 2.9% growth in worldwide sales despite a challenging environment. This growth is driven by the success of our recent launches. In Q1, they represented 28.3% of our invoices and they will continue to increase in the coming quarters, thanks to the gradual ramp-up of our new products. By the end of 2025, Renault Group will benefit from the freshest line-up in the European market while expanding its coverage with its International game plan," CFO Duncan Minto noted.
