Renault Continues Healthy Revenue Gain with 1H Results; Maintaining EUR 79 Fair Value
No-moat-rated Renault reported first-half 2017 earnings per share of EUR 8.79, handily beating the consensus EPS by EUR 0.49 and a remarkable EUR 3.15 better than EUR 5.64 reported in the same period last year. Automotive revenue excluding the consolidation of AVTOVAZ was EUR 27.0 billion, up by an impressive 12% on solid contribution from volume, mix, pricing, and sales to Alliance partners. Renault reported that volume and pricing contributed 4.4 and 2.3 percentage points, respectively, to the...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.
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