Renault : Still very favourable momentum
>We are still well above expectations for 2022 and 2023 - Following Renault’s sales release yesterday and ahead of its full-year earnings report on 16 February, we have adjusted our estimates (revenues up slightly but also Russia one-offs, Nissan, tax rate). Our EBIT and FCF estimates remain however largely unchanged and are above the group’s guidance for 2022 (operating margin of 5.6% vs guidance of >5.0%, FCF of € 1.9bn vs guidance of >€ 1.5bn) and consensus expecta...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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