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

Renault SA Special Call Transcript

Jun 26, 2023 / 12:00PM GMT

Release Date Price: €35.41 (-3.40%)

Transcript

Luca de Meo

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

Hello. Hello, everyone. Welcome at Winston and thank you for coming. It's, of course, a great honor for the whole team to have you here. I'd like to start maybe talking about the Renault Group in general when we get into the subject of Alpine. Can someone take this because I don't need it. Okay. Good.

So you know that in the last 3 years, we have gone a long way since the time when Renault was undergoing one probably -- one of the deepest crisis of it's history. In 2020, we lost -- I don't want to even remember the figure, but it was in billions. I kind of removed it and at that time, we launched our Renaulution plan. If you remember, you can see on the chart, we had 3 phases. One was a resurrection, which was about saving the company. So it was all turnaround. The second one was the renovation that was much more focused on developing, let's say, good range of products that is always the most important thing in the automotive industry to have a good product offer, which we didn't have. And then the third one, we call the

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