Renault said it was helped by 9 percent growth in markets outside its core western European base ó especially in central and eastern Europe, Turkey and Russia.
Renault SAís profit rose 27 percent in 2003 as contributions from its Japanese and Swedish affiliates offset sluggish sales in its key European market. The French automaker, which holds equity stakes in Japanís Nissan Motor Co. and AB Volvo of Sweden, earned 2.48 billion euros ($3.15 billion) in 2003 versus 1.96 billion euros in 2002. Revenue rose to 37.53 billion euros ($47.7 billion) from 36.34 billion euros in 2002.
Its worldwide vehicle sales fell 0.7 percent to 2.39 million vehicles, though the company maintained its 4.1 percent share of the world market.