Renault : Probably still too early to take this bet
>No (new) unwelcome surprises - Whilst fears had intensified ahead of the release, in terms of both the balance sheet (FCF, net cash) and therefore the shareholder returns policy (dividend), the publication and then management’s presentation ruled out a worst-case scenario in the short and medium term. Moreover, management was also keen to show that it was fully up to the task and that the projects are well underway (at Renault and within the Alliance), despite the fa...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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