Renault reports first-quarter results for 2011

French automaker Renault has announced its first quarter results for 2011, in which revenues totalled €10,431m (£9,266m), up 15 per cent on the same period in 2010.

The company posted record sales in the first quarter, selling 692,607 units, or 5.8 per cent more than in the first quarter of 2010, on the back of growth in markets outside Europe, particularly Brazil, Turkey and Russia.

Group sales outside Europe climbed 26.6 per cent, reaching an unprecedented 259,308 units, and market share was up in the Eurasia and Americas Regions.

Automotive revenues rose 15.3 per cent and the Automotive department’s operational free cash flow reached its target of more than €500m.