Renault SA (WBO:RNO)

€ 39.85 1.12 (2.89%) Market Cap: 11.41 Bil Enterprise Value: 58.43 Bil PE Ratio: 7.95 PB Ratio: 0.38 GF Score: 68/100

Renault SA Full Year 2023 Guidance Call Transcript

Jun 29, 2023 / 06:00AM GMT

Release Date Price: €36.34

Transcript

Philippine de Schonen

Renault SA - VP of IR

Hello, everyone, and thank you for joining us despite the short notice. So we are pleased to host this call this morning with Thierry Pieton, the Group CFO; and Laurent David, VP Group Control. Thierry will begin with a short intro just before in the Q&A session. And I remind you that this call is dedicated to the upgrade of the guidance we just announced and related to our full-year results we will release on July 27.

Thank you so much. And Thierry, the floor is yours.

Thierry Pieton

Renault SA - Group CFO, Senior VP, Controller & Member of Management Board

Thanks very much, Philippine, and a very good morning to all of you. Thanks for joining. Listen, Renault Group announced this morning an upgrade to its financial guidance for 2023.

So what we now expect for the full year is an operating margin between 7% and 8% versus an initial guidance of above 6%. And the free cash flow of the Automotive division above EUR 2.5 billion versus an initial guidance of above EUR 2 billion. This upgrade

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