Renault : In-line Q3 and FY guidance confirmation reassuring in current context
>Q3 in line, FY guidance confirmed despite worsening chip situation - Renault this morning released Q3 2021 revenues which came broadly in line with expectations at € 8,987m (-13%, +0.7% vs consensus at € 8,924m) even though quality is probably a bit less strong than expected (less price tailwind, higher other effect). However, and more importantly, the OEM confirmed its FY margin guidance (H2 in line with H1, i.e. ~2.8%) despite a much tougher environment with the gr...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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