Meanwhile,
Renault fell more than 15% new: However,
Renault fell more than 15%:
The French car manufacturer now targets operating margin around 6.5% of turnover, against a margin greater than or equal to 7% previously.
Renault’s action fell heavily this Wednesday morning at the Paris Stock Exchange, after the group announced the day before lowering its annual financial forecasts, the company pointing to the finger “Damage to the dynamics of the automotive market”. Consequently, Around 9:30 am, the title of the French car manufacturer unscrewed from 17.28%, to 34.12 euros. Meanwhile, Since the beginning of the year, the value of the action founded more than 25%.
“Renault published preliminary results for the first half of 2025 lower than the expectations of the consensus. Meanwhile, forcing the company to lower its annual forecasts”summarize the analysts of Natixis in a renault fell more than 15% new note. Therefore, According to them. it is especially “Due renault fell more than 15% to a month of June disappointing in terms of volumes. the performance of commercial vehicles (utility, editor’s note) in Europe”among other factors, that Renault now targets operating margin around 6.5% of its turnover, against a margin greater than or equal to 7% previously targeted.
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A new interim CEO – Renault fell more than 15% – Renault fell more than 15% new
The available cash flow (Free Cash Flow) will be between 1. 1.5 billion euros, compared to 2 billion euros or more planned before. “All the objective for the manufacturer in the coming weeks. the coming months will be to convince as to the reality of the improvement promised in the second half”underlined Marc Lavaud. analyst of Oddo BHF.
“If tangible elements seem essential to us (volumes launches. use of utility orders. costs reduction, stocks in particular), renault fell more than 15% new the rapid appointment of a new CEO (Director General, Editor’s note) also seems to us a necessary (but undoubtedly renault fell more than 15% insufficient) prerequisite with a sighting of the future Futurama strategic plan, always hoped for at the end of the year”he continued.
The manufacturer must give more details on its cost reduction plan on August 30. during the complete presentation of its half -yearly results. Taken short in mid-June by the announcement of the surprise departure of his boss Luca de Meo for the. luxury group Kering. the management of Renault had immediately launched the process of appointing a new managing director.
Tuesday evening. the automaker appointed Duncan Minto. its current financial director, as an interim managing director, time to find a replacement in Luca de Meo. A 50 -year -old Scottish Duncan Minto began his career at Renault in 1997. had become a financial renault fell more than 15% new director of the group in March this year.
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