Renault cars

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AFP

French carmaker Renault has reported file annual revenues after a revamp of its vary boosted gross sales.

Revenues rose 13.1% to 51.2bn euros (£43.6bn) final 12 months, barely forward of expectations, whereas web revenue jumped by practically 20% to three.54bn euros.

Earlier this week, Renault stated it had bought three.2 million automobiles final 12 months, a 13.four% rise on 2015, with market share rising in all areas.

The agency’s gross sales have now overtaken French rival Peugeot Citroen.

Renault’s monetary director Clotilde Delbos stated 2016 had been “an excellent 12 months” for the carmaker, and the corporate had hit all of its targets.

“These aims, specifically that of exceeding 50bn euros in gross sales, have been achieved by 2016,” she instructed a information convention.

She added that the outcomes had been achieved regardless of markets equivalent to Brazil and Russia that “depend rather a lot for us and which have been sturdy prior to now” however have been nonetheless at “decrease ranges than prior to now”.

Renault stated it anticipated the worldwide automobile market to develop by between 1.5% and a couple of% subsequent 12 months, with gross sales in Europe and France up 2%.

It forecasts the markets in Brazil and Russia will likely be “steady”, however expects 5% progress in China and the Indian market to increase by eight%.

Final month, French authorities stated they’d investigate Renault over suspected “dishonest” in diesel emissions checks.

The Paris prosecutors workplace is to conduct a probe into “dishonest on key components” of automobiles and into the standard of the checks.

The transfer is available in response to issues raised final 12 months by the French client safety company, which carried out an investigation into a number of carmakers within the wake of the Volkswagen scandal.