Renault : Undeniable progress but profile not yet as robust as peers
>A solid release likely to lead to significant revisions - Renault's very strong H1 release and the significant FY outlook upgrade, both reflecting the major progress made by the OEM since the arrival of Luca de Meo, very favourable momentum for OEMs (vehicle shortages supporting price and mix, more than offsetting volumes & inflation headwinds) but also management's confidence in the prospects for the second half of the year. In light of this, we have revised up...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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