Renault : A differentiating strategy, full of promise
>Outperform rating underpinned, significant upside confirmed (€ 55 TP) - The announcements and the very detailed presentation of the group’s strategy and financial targets at the CMD (link to yesterday’s flash) fully confirm our positive view of the stock. Indeed, as we detailed in our in-depth report published last month (Think Different, link), we are convinced that after the successful operational recovery of the carmaker (operating margin >5% and FCF >€ 1.5bn as o...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.