Renault : As promising as we hoped
>A very dense CMD ahead! - Ahead of its CMD planned later this morning (starting at 9.00 a.m. CET – link to webcast), Renault issued a press release this morning highlighting the key announcements regarding the reorganisation (with a lot of detail) and new midterm targets (2025), (much) higher than the previous one as expected following the faster recovery of the OEM in the past two years. Outperform rating confirmed with strategy highlighting upside pot...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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