Renault : A reassuring profile for H2 in a less than reassuring context for Autos
>Pre-close call set to reassure after recent warnings from peers - Going into the Q3 2024 sales release (24-Oct BMO) and following the pre-close sell-side call organised yesterday morning, this note sets out our expectations for the quarter for which we forecast sales of € 10.4bn (-0.8% reported), with negative volume momentum partly offset by positive mix effects (product-wise mainly). Looking beyond Q3, we also use this opportunity to update our estimates, largely f...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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