Renault is set to announce its first-half results on Thursday, and here are the key details you should pay attention to:
Sales Forecast
According to estimates from 21 analysts surveyed by FactSet, Renault is expected to report second-quarter revenue of 15.43 billion euros ($17.06 billion). If the company achieves this figure, their first-half sales would reach EUR26.93 billion, a significant increase compared to EUR21.12 billion in the same period last year.
What to Watch
Here are a few important things to keep an eye on:
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Few Surprises: Renault has already hinted at its first-half performance by raising its guidance in June and revealing unit sales figures earlier this month. Stifle analysts note that these results suggest an operating margin of around 7% and free-cash flow exceeding EUR1.5 billion.
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Price Positioning: Renault is currently undertaking an ambitious new-product campaign, with 14 launches planned by 2024. This offensive strategy gives the company a competitive edge, and investors should consider how price repositioning and product mix improvements could impact earnings.
