Renault : Sequential margin improvement in H2 confirmed
>Q3 sales broadly in line despite lower volumes, full-year targets confirmed - Renault reported Q3 sales of € 10.5bn, up 8% on a reported basis (+14% excluding currency effects) and in line with consensus expectations (€ 10.5bn). Wholesale volumes came below expectations at -1.6% (vs deliveries up 6%) due to destocking at independent dealers, but was offset through a stronger price effect of +7.5%, confirming the OEM’s robust commercial policy. The full-year targets w...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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