PARIS -- Renault SA posted an 8.9 percent rise in third-quarter revenues on Wednesday, beating estimates, thanks to buoyant markets outside Western Europe and a positive price mix in Europe.
Renault said sales in the three months to Sept. 30 rose to 9.487 billion euros ($12.14 billion) from 8.712 billion euros on a published basis. Year-ago third-quarter sales were 8.749 billion euros when restated to be consistent with 2004 figures.
The firm said nine-month sales rose 10.5 percent on a published basis to 30.248 billion euros, continuing the rate of sales growth achieved in the first half of the year despite little sign of a recovery in Western Europe's troubled car market.
Renault said its revenue growth was mainly due to sales growth in buoyant markets outside Western Europe.
The company said Renault brand volume sales outside Western Europe rose 30.5 percent, with strong sales growth in Turkey, Africa and the Middle East and Northern Latin America.
It said that the ongoing popularity of its Megane range also boosted sales and that the new Modus super-mini, launched last month, also made a positive contribution, with nearly 16,000 vehicles registered by the end of September.