French carmaker Renault has reported record
annual revenues after a revamp of its range
boosted sales.
Revenues rose 13.1% to 51.2bn euros (£43.6bn)
last year, slightly ahead of expectations, while
net income jumped by nearly 20% to 3.54bn
euros.
Earlier this week, Renault said it had sold 3.2
million vehicles last year, a 13.4% rise on 2015,
with market share rising in all regions.
The firm's sales have now overtaken French
rival Peugeot Citroen.
Renault's financial director Clotilde Delbos said
2016 had been "a very good year" for the
carmaker, and the company had hit all of its
targets.
"These objectives, in particular that of exceeding
50bn euros in sales, have been achieved by
2016," she told a news conference.
She added that the results had been achieved
despite markets such as Brazil and Russia that
"count a lot for us and which were strong in the
past" but were still at "lower levels than in the
past".
Renault said it expected the global car market to
grow by between 1.5% and 2% next year, with
sales in Europe and France up 2%.
It forecasts the markets in Brazil and Russia will
be "stable", but expects 5% growth in China and
the Indian market to expand by 8%.
Last month, French authorities said they would
investigate Renault over suspected "cheating"
in diesel emissions tests.
The Paris prosecutors office is to conduct a
probe into "cheating on key parts" of vehicles
and into the quality of the tests.
The move comes in response to concerns raised
last year by the French consumer protection
agency, which carried out an investigation into
several carmakers in the wake of the
Volkswagen scandal.
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