Renault : Profile still attractive and standing out among European carmakers
>A strong H1 that backs consensus expectations for the year - Renault reported a robust H1 (operating margin at 8.1%, 7.4% excluding the Horse impact) that was slightly better than expected (+2% vs consensus), benefiting notably from its commercial discipline and cost reductions. After such a start to the year, the full-year targets have been fully confirmed (operating margin =7.5% and FCF =€ 2.5bn), and thus still suggest a continuation in operating improvement in th...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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