Renault faced a very challenging market environment in Q1, with production constraints owing to the semiconductor shortage and the impact of the Ukraine-Russia war given its significant exposure to the Russian market. Despite this, RNO was able to surpass (gloomy) expectations, demonstrating pricing discipline and the results of its product portfolio renewal. Even if the industry headwinds do not subside, the group is standing by its OP margin and cash flow guidance as it pursues its value-focus ....
