Renault’s Q3 revenues came in modestly above expectations on the back of strong pricing and an EV-led product mix improvement. These positive developments, aligned with Luca de Meo’s new profit-focused vision for Renault, were unfortunately tarnished by unfavorable currency headwinds from emerging markets. Nonetheless, the group’s EV leadership, an encouraging Q4 order book and positive operating cash flow guidance for the automotive division in H2 instills confidence on Renault’s turnaround aft ....
23 Oct 2020
Q3 volume recovery and strong EV performance dented by FX headwinds
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Q3 volume recovery and strong EV performance dented by FX headwinds
Renault’s Q3 revenues came in modestly above expectations on the back of strong pricing and an EV-led product mix improvement. These positive developments, aligned with Luca de Meo’s new profit-focused vision for Renault, were unfortunately tarnished by unfavorable currency headwinds from emerging markets. Nonetheless, the group’s EV leadership, an encouraging Q4 order book and positive operating cash flow guidance for the automotive division in H2 instills confidence on Renault’s turnaround aft ....