Renault SA (EURONEXT:RNO) reported H1 revenue €28.9B and adjusted EBIT €1.32B (4.6% margin), affirmed FY targets above consensus, and saw cost benefits from the Horse Powertrain JV as shares trade at €25.89; it remains Nissan’s top shareholder and a central alliance partner despite recent tensions.
Previous Week Recap
- Renault Sees Strong FY Targets: Renault SA (RNO) confirms FY targets above consensus; H1: revenue €28.9B, adjusted EBIT €1.32B, margin 4.6%. Jefferies notes cost gains from Horse Powertrain JV. Shares at €25.89.
- Renault Remains Nissan Top Shareholder: Renault remains Nissan’s top shareholder and alliance partner, the alliance still strong despite Renault withdrawing support that led to a Nissan board member’s exit.
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