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

Half Year 2023 Renault SA Earnings Call Transcript

Jul 27, 2023 / 06:00AM GMT

Release Date Price: €39.45 (-0.53%)

Transcript

Philippine de Schonen

Renault SA - VP of IR

Good morning, everyone. We are very pleased to welcome you for the '23 H1 results of Renault Group. This presentation will be made by Luca de Meo, CEO of Renault Group; and Thierry Pieton, CFO of Renault Group and will be followed by a Q&A session.

Luca, the floor is yours.

Luca de Meo

Renault SA - CEO, Member of the Management Board & Director

Hello, everyone. So thank you very much for being with us today. As you all know, a few weeks ago, we raised our guidance for the year and this of course confirm that the extraordinary dynamic within the Renault Group is continuing and is also pushing our financial performance to, I would say, new heights.

So since the Renaulution started, in fact, I'm sure you have noticed that we have been constantly outpacing our commitments and today, I'm very pleased to show you that this is actually not changing in 2023.

We are achieving a 7.6% operating margin. This is almost at the level of the commitment we gave for 2025. In fact, at the

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