Renault : A bright spot in European Autos
>Q3 slightly better than expected, boosted in particular by the product mix - Renault this morning reported Q3 2024 sales of € 10,701m (+3% vs consensus at € 10,353m), up 5% on an organic basis (+1.8% as reported), buoyed in particular by a very robust product mix (+3.8 pts vs consensus of +2.0 pts), which should reassure investors that the impact of products offensive is still to come, with further progress on the cards in Q4. Beyond this, and as expected, the carmak...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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