Renault : An encouraging solid beat
>H2 results significantly ahead of expectations - Renault this morning published FY/H2 2021 earnings, with FY group revenues coming in at € 46.2bn (+8% org.) with auto revenues at € 40.1bn (+7%). Adj. operating margin reached € 1.7bn (consensus at € 1.3bn), i.e. 3.6% of sales over the FY, largely ahead of company guidance at 2.8% and the consensus at 2.9% and suggesting 4.4% for H2 alone. These levels confirm, of course, that the group is largely ahead of its midterm...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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