Renault SA (XTER:RNL)

€ 40.5 0.84 (2.12%) Market Cap: 11.67 Bil Enterprise Value: 58.69 Bil PE Ratio: 7.88 PB Ratio: 0.38 GF Score: 67/100

Full Year 2022 Renault SA Earnings Call Transcript

Feb 16, 2023 / 07:00AM GMT

Release Date Price: €43.5 (+1.42%)

Transcript

Luca de Meo

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

So hello, everyone, and thank you for being with us. I'm actually thinking at 1st of July 2020 when I first came in the company. We just lost EUR 8 billion in 6 months. And I remember concerns here in the eyes of my teammates, some kind of hopeless comments in the media. And not a lot of people giving us at that moment, at least many chances of rebounding.

Of course, it was understandable. The context was also not the most favorable one for a car company hit by heavy governance and financial turmoil. 2 waves of pandemics on top, semiconductor crisis, Russia exit, inflation coming back, market down and no product to launch for the first 18 months.

So luckily, I can say today that we have made it. This is, I think, the beauty of the automotive industry. It always gives you a chance when you do the right things.

It is for me the third time that I have the privilege of participating in the engineering of a turnaround in my career. But this time, it has a special taste because Renault is a

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