Renault Reports Healthy 1Q Revenue Gain; Maintaining EUR 79 Fair Value
No-moat-rated Renault reported first-quarter automotive revenue of EUR 11.9 billion excluding the consolidation of equity holding AVTOVAZ, up an impressive 20% on solid contribution from volume, mix, pricing, and sales to Alliance partners. Renault reported that volume and pricing contributed 9.2 and 2.4 percentage points, respectively, to the year-over-year revenue increase. The French automaker discloses only revenue in the first and third fiscal quarters while full financial statements are pu...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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