Moody's Ratings (Moody's) has today affirmed all ratings of Renault S.A. (Renault or the group) including its Ba1 long-term corporate family rating (CFR), its Ba1-PD probability of default rating (PDR), the (P)Ba1 rating of its senior unsecured EMTN programme and the Ba1 rating of the group's senior...
Renault Group: Nissan's contribution to Renault Group's Q1 2024 earnings Press Release May 9, 2024 Nissan contributes €225 million to Renault Group’s first quarter 2024 earnings Nissan released today its results for the fourth quarter of fiscal year 2023/2024 (April 1st,2023 to March 31st, 2024). Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2023/2024 (January 1st to March 31st, 2024), after IFRS restatements, will have a positive contribution to Renault Group’s first quarter 2024 net income estima...
Stellantis Pro One Achieves No. 1 Spot in Middle East & Africa Region and Strengthens Commercial Vehicle Leadership in Europe and South America Stellantis Pro One Achieves No. 1 Spot in Middle East & Africa Region and Strengthens Commercial Vehicle Leadership in Europe and South America Achieves No. 1 spot with a record 26% market share in Middle East & Africa, led by strong performance in Algeria with the FIAT Professional brand Confirms market leadership in Europe 30 and South AmericaNorth America plays a key role in Pro One success; Ram announces new professional commercial vehicle divi...
Renault Group: Communication related to the availability of the EMTN base prospectus 2024 Press ReleaseMay 6, 2024 Availability of the base prospectus for the 2024 EMTN programme Boulogne-Billancourt, May 6th, 2024 On May 3rd, 2024, Renault SA registered the Base Prospectus for its EMTN programme with the French market Authority (Autorité des marchés financiers – AMF) under visa number 24-138. This prospectus is available free of charge upon request at Renault SA head office, 122-122 bis avenue du Général Leclerc, 92100 Boulogne-Billancourt, France. It is also available on ...
Renault Group: Communiqué de mise à disposition du prospectus de base EMTN 2024 Communiqué de presse6 mai 2024 Mise à disposition du prospectus de base du programme EMTN 2024 Boulogne-Billancourt, le 6 mai 2024, Renault SA a enregistré le 3 mai 2024, auprès de l’Autorité des marchés financiers (AMF), le Prospectus de base de son programme EMTN sous le numéro de visa n° 24-138. Ce prospectus est disponible gratuitement sur simple demande au siège social de Renault SA, 122-122 bis avenue du Général Leclerc, 92100 Boulogne-Billancourt. Il est également disponible sur le site Internet de ...
We are removing GALP from our ODDO BHF European Large Caps list. The stock has chalked up a performance of +31.3% since its inclusion in the list on 20 March. Our analyst is adopting today a Neutral recommendation (vs Outperform) on the stock. - ...
>An unexpected ‘reset’ and an unfortunate first for Stellantis… - Stellantis on Tuesday reported Q1 sales down 12% at € 41.7bn (-4% vs consensus), hurt by the decline in volumes (-10%) but also FX headwinds (-3%). Also, the OEM clearly confirmed its full-year guidance, albeit providing clarifications that suggest that H1 will be tougher than expected, with a targeted operating margin of between 10.0% and 11.0% (10.5%e) and visibly lower FCF, ahead of a hoped-for impro...
>Un « reset » inattendu et une première fâcheuse pour Stellantis… - Stellantis a publié un CA T1 en baisse de 12% à 41.7 Md€ (-4% vs consensus), pénalisé par la baisse de ses volumes (-10%) mais aussi un impact devises négatif (-3%). Au-delà, le constructeur a bien confirmé ses objectifs annuels, en apportant néanmoins des précisions qui suggèrent un S1 plus difficile qu’attendu avec une MOP visée entre 10.0% et 11.0% (10.5%e) et un FCF en nette baisse, avant une amél...
Stellantis Reports Q1 2024 Net Revenues and Shipments Reflecting New Product Transition Stellantis Reports Q1 2024 Net Revenues and ShipmentsReflecting New Product Transition Net revenues of €41.7 billion, down 12% compared to Q1 2023 primarily due to volume, mix and foreign exchange headwinds, partly offset by firm net pricingConsolidated shipments(1) of 1,335 thousand units, down 10%, reflecting production actions and inventory management to prepare for new product wave in H2 2024 compared with strong shipments in Q1 2023 to build inventory following a prolonged perio...
Weekly Report (April 19-25, 2024) on the First Tranche of Stellantis 2024 Share Buyback Program Weekly Report (April 19-25, 2024) on the First Tranche of Stellantis 2024 Share Buyback Program AMSTERDAM, April 26, 2024 - Stellantis N.V. (“Stellantis” or the “Company”) announced today that pursuant to its First Tranche of the 2024 Share Buyback Program announced on February 28, 2024, covering up to €1 billion to be executed in the open market during the period between February 28, 2024 and June 5, 2024, it has repurchased the following common shares in the period between April 19 up to and...
>Q1 sales a shade above expectations thanks to financial services - Yesterday, Renault published Q1 2024 sales that came in slightly above expectations at € 11.7bn (+2% vs the consensus at € 11.5bn), largely driven by the financial services business (+28%, 11% above estimates) whilst the Autos business was in line (€ 10.4bn) despite a more negative volumes contribution (-4.6 vs -2.8 points), slightly less robust pricing than expected (+4.1 vs +5.0 points) and thanks ...
>CA T1 légèrement supérieur aux attentes grâce aux services financiers - Renault a publié, hier, un CA T1 2024 légèrement supérieur aux attentes à 11.7 Md€ (+2% vs css à 11.5 Md€), essentiellement tiré par les services financiers (+28%, 11% au-dessus des attentes) alors que l’Automobile était en ligne (10.4 Md€) malgré des volumes plus négatifs (-4.6 vs -2.8 pt), un pricing légèrement moins robuste qu’attendu (+4.1 vs +5.0 pt) et grâce aux partenaires (+2.4 vs +0.3 p...
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