Renault : Well on course
>H1 even better than expected and strong confidence for H2 - The OEM once again managed to beat expectations with a H1 performance that was even better than the preliminary elements presented a month ago suggested. With an operating margin of 7.6% (EBIT 6% higher) and automotive FCF of € 1.8bn (+20% vs expectations), the group clearly demonstrated the benefits of its costs efforts combined with the positive effects of the commercial policy (mix and pricing) and launch...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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