CA T1 2017: +25,2% ! Estimations 2017/19 relevées - ACHAT - OC 117€ (vs 110€)
La croissance du CA T1 2017 ressort largement au-dessus des attentes à 13 129m€ (+25,2%) et ouvre la perspective d’une forte progression des résultats S1 17 même si Avtovaz et les hausses prix matières premières pèsent à CT. Cette croissance (+9,2% pour les volumes des activités auto) et les leviers en LATAM, AMI sans oublier Mitsubishi nous conduisent anticiper des semestriels élevés. Partant d’un scénario déjà volontariste, nous relevons nos estimations, prudemment à ce stade (BNA 2017/19e : +1,6%/+0,7%/+0,6%) sur des guidances que le groupe laisse inchangées. Opinion ACHAT réitérée avec un OC à nouveau relevé à 117€ (vs 110€). Renault entre dans la liste des favorites Invest.Renault is an automobile manufacturer. Co.'s activities have been organized into two main business sectors, in more than 120 countries: Automotive and Sales Financing. Co. designs, develops and sells passenger cars and light commercial vehicles. Following the acquisition of Romanian carmaker Dacia and Samsung Motors' operating assets in South Korea, Co. has three automotive brands: Renault, Dacia and Samsung. RCI Banque, Co.'s captive financing arm, finances sales of the Renault, Renault Samsung Motors (RSM) and Dacia brands, and, in Europe, the Nissan and Infiniti brands. In addition to these two activities, Co. has equity investments in the following two companies: Nissan and AVTOVAZ.
Since 2006, Invest Securities has become one of the leading players in investment services for funds and managers, to whom we offer a global and personalised service. Our track record differentiates us and proves our leadership in numerous promising sectors like property and growth companies.
Consisting of 13 different profiles (pharmacist, engineer, financier, etc), the DNA of our financial analysis office is value added and sector expertise. Through daily monitoring and detailed analyses of companies and sectors, we seek to provide a differentiating vision of our 120 stocks followed. Our ideas are circulated every day to nearly 1,000 professionals.
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