Renault’s Q3 results showed the extent of the production disruption caused by the semiconductor crisis, which has proved more severe than anticipated. Despite the dire scenario, there were still silver linings, with RNO continuing to fulfil its cost savings plan, to be completed 1 year ahead of schedule, as well as positive developments in mix and pricing. The reiteration of the FY operating margin guidance should bring some reassurance to investors heading into a still chip-constrained 2022.
22 Oct 2021
Q3 chip hit worse than expected but confirmed FY guidance reassures
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Q3 chip hit worse than expected but confirmed FY guidance reassures
- Published:
22 Oct 2021 -
Author:
Jorge Velandia -
Pages:
3
Renault’s Q3 results showed the extent of the production disruption caused by the semiconductor crisis, which has proved more severe than anticipated. Despite the dire scenario, there were still silver linings, with RNO continuing to fulfil its cost savings plan, to be completed 1 year ahead of schedule, as well as positive developments in mix and pricing. The reiteration of the FY operating margin guidance should bring some reassurance to investors heading into a still chip-constrained 2022.