PARIS (Reuters) – French carmaker Renault reported an unexpected rise in quarterly revenues on Thursday, as strong demand for its pricier new models helped it offset lower total volumes.
Revenues came in at 10.7 billion euros ($11.55 billion), up 1.8% from a year earlier and beating an analysts’ consensus forecast of 10.35 billion euros provided by the company.
At constant exchange rates, group revenues were up 5%.
($1 = 0.9268 euros)
(Reporting by Gilles Guillaume; Writing by Dominique Patton; Editing by Jacqueline Wong)
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