Renault : A tougher H2 2021 but without any major consequences
>In-line Q3 print, reassuring in current tough environment - Renault reported on Friday Q3 2021 sales down 13% at € 8,987m (see the flash published on Friday for details) but in line with expectations (nonetheless with a lower pricing tailwind and higher “other” effect) Beyond this, the group confirmed the deterioration in the environment in H2 in the context of the chips shortage and costs inflation (semis, raw materials, logistics) but was nonetheless reassuring by...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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