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Anthony Dick ...
  • Michael Foundoukidis

Renault : The story is far from over

>Expectations were high but Renault did not disappoint - Whilst expectations had risen significantly over recent weeks, Renault did not disappoint and has published a very solid set of H2 2022 earnings and issued 2023 targets which confirmed that this year will once again be marked by earnings growth and improved FCF generation, despite the still fragile macroeconomic context. In the wake of this release, we are leaving our estimates unchanged (we were already more op...
Underlying
Renault SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Anthony Dick

Michael Foundoukidis

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