Renault : H1 2020 merely highlights the extent of the work facing Luca de Meo
>H1 2020 earnings marked by challenging climate, as expected - Unsurprisingly, Renault's H1 2020 figures, reported yesterday, were severely affected by the crisis and the sharp slump in volumes (-35%), with auto operating losses of € 1.6bn (operating margin of -10.5%) and cash burn of € 6.4bn. Although management is confident on the commercial momentum, citing the solid orders at end-June, visibility is still too limited to be able to give any guidance at this stage. ...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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