Renault : Q3 sales slightly better but still no guidance
>A (small) step in the right direction despite the lack of guidance - On Friday, Renault published Q3 2020 sales that were slightly better than expected (+1%) at € 10,374m (-8%), buoyed by the automotive division (+3% vs consensus) which appears to have benefited from the initial impact of the stricter management put in place by the new management team and favourable commercial momentum (order book up 60% y-o-y), notably on the xEVs (Zoe BEVs, Clio HEV, Captur PHEV). ...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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