Groupe Renault Q1 Revenue Up 19.7% Excl. AVTOVAZ; Confirms 2017 Guidance

(RTTNews) - Groupe Renault (RNSDY.PK, RNSDF.PK, RNT.L) reported Group revenues of 13.1 billion euros in first quarter 2017, up 25.2% from prior year. Excluding the impact of the consolidation of AVTOVAZ, Group revenues increased by 19.7% to 12.6 billion euros (up 18.4% at constant exchange rates). First quarter sales rose by 15.8% to 873,678 vehicles (at constant scope, including Lada).

For 2017, Groupe Renault continues to expect: increase Group revenues, beyond the impact of AVTOVAZ (at constant exchange rates); increase Group operating profit in euros; and generate a positive automotive operational free cash flow.