Renault : Heading in the right direction but quite a few execution risks remain…
>A positive surprise was never going to be easy - Renault’s strategic plan, presented yesterday, confirmed management commitment to prioritising value over volumes, as Luca de Meo had already highlighted in recent months, and shed more light on the new organisation put in place (brand-based approach in particular). But the presentation also lent weight to our view that the potential for pleasant surprises around this event was limited (see preview) and that execution...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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