Renault : Renault joins the party! Impressive H1 performance and FY outlook upgrade
>Significant beats at both EBIT and FCF levels, FY outlook upgrade - Renault H1 2022 earnings released this morning came in significantly above expectations with the H1 2022 margin at 4.7% (vs consensus at 2.9%) and strong FCF at € 956m (vs broadly at breakeven expected). As a result, the OEM also raised its FY outlook and now targets an operating margin > 5% (vs ~3%) and FCF > € 1.5bn (vs positive), an upgrade which will lead to significant consensus upgrades.§h...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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