Renault : Nissan with better Q2 again thanks to FS, FY outlook up despite lower sales
>Q2 beat driven by financial services, FY guidance upgraded - Nissan yesterday released solid Q2 21 results despite revenues lower than expectations (-3%) due to a higher chips shortage impact as earnings were supported by better sales performance and, again, a very high contribution from the financial services unit. As a result, the car maker unsurprisingly cut its FY revenues guidance due to lower new retail sales assumptions (-600k units vs previous guidance at 3....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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