Renault : H1 better but still not enough to improve sentiment
>A better H1 but upgrades to remain limited excluding Nissan - Renault's interim earnings were better than expected, in the face of very conservative expectations in the current context of limited visibility, especially for Renault which has been reluctant to commit to FY targets until now. We were more optimistic, but earnings were still better than we had expected, although boosted by a performance at the “Other” (network/spare parts) line which was far higher than ...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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