Renault : A solid release, all eyes on upcoming CMD on 8 November
>Q3 in line, FY financial outlook reiterated as expected - Renault published Q3 2022 sales of € 9,782m (+20.5%, +19.5% at constant scope/FX) in line with expectations at € 9,786m (ODDO BHF € 9,767m) and as expected supported by better volumes momentum (including inventories tailwind) and more importantly again very strong pricing (+12.8 pts). On the back of this release, the group unsurprisingly fully confirmed its FY outlook which we see as enough to drive mid-single...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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