Renault Reports Higher Revenue, Says Cost-Cutting Efforts Bearing Fruit

Renault said it generated first-half profit of 705 million euros on revenue of 30.25 billion euros, ahead of analyst expectations. The French automaker also reported revenue growth alongside a reaffirmed full-year outlook, indicating it expects the positive momentum to continue. The company pointed to cost-cutting efforts as a key driver, saying those measures are “bearing fruit.” While the brief update does not detail the specific program areas behind the savings, the figures suggest improved profitability relative to the market’s forecasts. Renault shares rose 2.80% in the session referenced in the report.