Renault : Still not enough visibility to take a more constructive stance
>Q1 2021 sales broadly unsurprising - Renault yesterday reported Q1 2021 sales of € 10.0bn, down 1.1% (+4.4% on an organic basis) and in line with the consensus (€ 9.9bn), a few days after having indicated sales growth of 1% in Q1 (+41% in March). But it (again) declined to give details on the full-year outlook, on the grounds that visibility is still too limited. Neutral rating maintained, still too soon to return to the stock - Expectations were rel...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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