Renault : No unwelcome surprises but still a difficult play in current environment
>Weak Q1 sales but in line, liquidity down by € 5.5bn vs end-2019 - Yesterday, Renault published a sharp decline in its Q1 2020 revenues (-19%), but broadly in line with expectations, in face of the slump in volumes at end-March (-26%). That said, as always this season, the focus was above all on the group’s outlook and its financial situation, particularly given the precarious situation of the French carmaker. Without alluding to the forthcoming difficulties, with an...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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