Renault : A reassuring tone
>A reassuring publication in our view - The Q1 release (sales), the confirmation of the annual outlook and the relatively confident message of Thierry Piéton, CFO, during the conference call should be enough to reassure in current tough environment for the sector and notably for the OEM, weakened by recent events and in particular the consequences of the war in Ukraine for its Russian activity.Major areas of uncertainty remain however - The OEM conti...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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