Puestos
12I am considering taking advantage of today's setback at $RNO (-0,14 %) today. What I've been seeing from Renault lately looks very appealing and yes, the latest figures were also quite good.
How do you see it? Would you buy European automotive stocks at the moment?
France's government is examining new ways to support Ukraine in its defensive struggle against Russia - and industry is also taking center stage. The car manufacturer Renault $RNO (-0,14 %) has been asked by Paris whether it could participate in the production of combat drones.
Background:
Aims of the initiative:
Current status:
Conclusion:
France is currently exploring a completely new type of partnership between Renault car factory, a defense company and Ukraine to jointly promote drone production - with the aim of strengthening Ukraine's defense capabilities and at the same time providing practical training for the French army.
However, the initiative is still non-binding and awaits concrete project details.
What do you think?
France approaches Renault on drone production, Renault says | Reuters
I bring you more exciting insights from Renault's analyst conference ($RNO (-0,14 %) ) with you:
CEO Luca de Meo opened the presentation with a consistently positive assessment of the company's performance and emphasized that Renault achieved record results for the third year in a row. The operating margin reached a new all-time high of 7.6 percent, equivalent to 4.3 billion euros. Free cash flow amounted to almost 3 billion euros, increasing the net cash position in the automotive sector to over 7 billion euros. Renault is thus one of the few manufacturers to have fully achieved its original forecasts.
De Meo presented the Renault Group's realigned brand strategy. Renault itself is focusing on innovation and electrification with a strong price-performance ratio. Alpine is evolving into a premium brand for affluent car enthusiasts, combining electric platforms with racing technology. Alpine's brand value has increased six-fold in recent years and sales have tripled. Mobilize focuses on financial services, energy and new forms of mobility, while Dacia as the third strongest retail brand in Europe continues to grow.
A total of 22 new models have been launched in the past three years, ten of which in 2024 alone. The Renault 5 and the Alpine 290 model were named Car of the Year, while Dacia also took a top spot.
De Meo spoke at length about the Renault Group's strategy. The Renault Twingo is to be launched on the market as an affordable electric car for less than 20,000 euros, supported by a strong Chinese supplier network. With Ampere and ACDC, Dacia is planning another small electric car for less than 18,000 euros, which will be developed in just 16 months. Renault is now the second largest manufacturer of hybrid vehicles in Europe with a market share of 20 percent.
The development of alternative combustion technologies with synthetic fuels, hydrogen and biofuels is being driven forward. The cooperation with Geely and Aramco is intended to reduce fixed costs and ensure the further development of combustion technology.
CFO Thierry Pieton then presented the financial results. Group turnover increased by 7.4 percent to 56.2 billion euros. In the automotive sector, growth amounted to 4.9 percent, while Mobilize Financial Services achieved particularly strong growth with a 35 percent increase in turnover to 5.6 billion euros. New registrations worldwide climbed to 2.3 million units, and Renault maintained its position as the best-selling French car brand. The share of electrified vehicles in total sales in Europe reached 33 percent, while hybrid vehicles increased by 47 percent.
Operating profit reached a new record of 4.3 billion euros, which corresponds to a margin of 7.6 percent. In the automotive segment, the operating margin was 5.9 percent, while Mobilize Financial Services remained particularly profitable with a return of almost 30 percent. The net cash position in the automotive segment reached a historic high of 7.1 billion euros. Renault plans to increase the dividend to 2.20 euros per share in 2025.
Luca de Meo spoke about the regulatory challenges, particularly in connection with the CAFE requirements from 2025. Renault plans to maximize the penetration of electric and hybrid vehicles while strategically adapting its internal combustion engine portfolio. The company anticipates a negative CAFE effect of around one percentage point on the operating margin, but is still aiming for a margin of over seven percent for the year as a whole. Free cash flow is again expected to exceed 2 billion euros.
The subsequent Q&A session focused on several topics.
Thomas Besson from Kepler wanted to know how Renault intends to master the CO₂ regulations without resorting to pooling with other manufacturers. Luca de Meo explained that the company is focusing on increased electrification and will develop small electric vehicles for the mass market more quickly. Thierry Pieton added that the new Koleos plays an important role in South Korea due to its low development costs and high profitability.
Pushkar Tendolkar from HSBC inquired about the impact of CAFE regulations, inventory levels and development times in China. Pieton confirmed that the one percentage point CAFE effect is to be compensated for by increased incentives for electric vehicles and a reduction in combustion engine volumes. The increase in inventories was mainly due to new product launches. De Meo explained that the shortened development times reduce costs by 30 percent and make Renault more flexible in the face of market changes.
Jose Asumendi from JPMorgan asked about potential savings and the effects of the partnership with Geely. Thierry Pieton emphasized that Renault benefits greatly from cooperations with suppliers and can achieve considerable savings through economies of scale. De Meo confirmed that Nissan and Mitsubishi continue to work closely with Renault, particularly on production in Spain.
Stuart Pearson from BNP asked about the competitiveness of the European car industry in the face of increasing investment from Chinese manufacturers. De Meo referred to the European Action Plan, which is based on three pillars: Boosting demand, strengthening European competitiveness and adapting the regulatory framework. Pieton predicted that profitability would remain stable over the course of the year.
In summary, Renault Group's management was optimistic for 2025, focusing on accelerating the introduction of affordable electric vehicles, a flexible combustion strategy and further optimization of cost structures. With new models, efficiency improvements and strategic partnerships, the company believes it is well positioned to continue its growth and hold its own against increasing competition from Asia.
I hope you enjoyed the summary!
Have you heard about Renault's latest successes? $RNO (-0,14 %) yet? Despite the difficult situation in the car industry, the French car manufacturer achieved a turnover of 56.2 billion euros last year - an increase of 7.4 percent! 🚗
Operating profit even climbed to around 4.3 billion euros, which corresponds to an increase of almost 4 percent. Renault thus exceeded the expectations of analysts, who had predicted 4.2 billion euros. The company not only achieved its annual targets, but also exceeded its own target of 7.5 percent with an operating return on sales of 7.6 percent.
Despite this positive news, however, Renault had to accept a book loss from the sale of shares in Nissan $NISA shares in Nissan. Without this effect, profit would have risen to 2.8 billion euros - an increase of 21 percent compared to the previous year.
Despite a fall in net profit to 752 million euros compared to 2.2 billion euros in the previous year, Renault plans to increase the dividend for shareholders next year. What do you think about the future of Renault and developments in the automotive industry?
Despite the ongoing slump in the automotive industry, Renault shares are showing $RNO (-0,14 %) a positive development! 🚗 Last year, the French group increased its turnover by 7.4% to 56.2 billion euros and achieved an operating profit of around 4.3 billion euros - a record figure.
However, not everything was rosy: a sale of shares to Nissan led to considerable book losses, causing net profit to fall to just 752 million euros, compared to 2.2 billion euros in the previous year.
However, there is hope for 2024: the dividend is set to rise by 20% to 2.20 euros per share. Renault is also planning an exciting product offensive with the launch of the new all-electric R4.
Do you think the Renault share $RNO can continue to grow despite the challenges? What role does the electric offensive play in this? 📈
As every Sunday, the most important dates for the coming week, as well as the most important news from the past week.
The dates as a video:
https://youtube.com/shorts/Zvoh_ATJ8eU?si=HFvc8sRUsi38eXJf
Monday:
The ECB seems to have made the right decision last week. In Germany, producer prices fall for the 15th time in a row. This time more than expected. Producer prices fell by 1.4 %, 1.0 % had been expected. Energy in particular became cheaper. The price of other products even rose by an average of 1.5%.
The truck subsidiary of VW, $8TRA (-3,48 %) Traton, can report a significantly better operating result than expected. The net cash flow is also developing strongly. VW holds just under 90% of Traton. Business is particularly good in the USA.
$SAP (+0,24 %) SAP earns strongly and raises its forecast. Sales increased by 10% to 8.5 billion euros in the third quarter, while profits rose by 28% to 2.28 billion euros. This growth is primarily due to AI applications in the cloud division, which are in demand from customers.
Tuesday:
After the stop at $INTC (+0,58 %) Intel, now the stop at the next highly subsidized chip factory in Saarland. ZF, a domestic company, was even supposed to invest here together with the US company Wolfspeed. ZF is now pulling out of the billion-euro project. Once again it is clear that a planned economy does not work. Subsidized settlements are not a sustainable location policy.
The IMF has also lowered its GDP growth forecast for Germany. This year will probably see stagnation. Growth of 0.8 % is still expected next year. By comparison, Spain is expected to grow by 2.9 % this year. The biggest problems are well known. Too much bureaucracy, too high a tax burden and too much austerity on the part of the state. In such a situation, the state should actually invest more (infrastructure, education, etc.) instead of making savings. However, competitiveness must also be increased.
The $MCD (-0,29 %) McDonald's share price plummeted after it became known that E. coli cases were probably attributable to it. Yesterday, McDonald's was still in the headlines for Donald Trump's appearance.
The Bank of Canada is accelerating its interest rate cuts. The key interest rate was cut by 50 basis points on Wednesday. This leaves the interest rate at 3.75%. The central bank now wants growth again now that inflation rates are back in line.
https://www.cbc.ca/amp/1.7360509
Thursday:
The Purchasing Managers' Index in Germany has risen surprisingly sharply. Both the Bundesbank and the IMF expect Germany to stagnate in 2024. The purchasing managers' index figures could point to an upturn. The index rose to 48.4 points, while economists were only expecting 47.6 points. However, the index only signals growth above 50 points ...
Good figures from $RNO (-0,14 %) Renault and also $TSLA (-0,58 %) Tesla are driving car stocks higher today. Renault was able to increase sales thanks to new models. Although Tesla achieved lower sales than expected, its profits were impressive thanks to cost savings.
Friday:
$MBG (-1,18 %) Mercedes suffers from weak sales in China. Profits plummet by more than 50% in the third quarter. The return on sales falls below 5%. This puts the company on a par with core brand VW. In any case, too little for a luxury group. At least the cash flow is improving.
$HFG (+2,42 %) Hellofresh delivers Q3 figures that are well above market expectations. Due to the high short ratio, there may now be a short squeeze here. Sales increased by 1.9% to 1.8 billion euros. AEBITDA amounted to 72 million euros, 30 million euros more than expected. Hellofresh lowers its sales forecast but raises its AEBITDA forecast for the full year.
Following the Purchasing Managers' Index, the ifo Index also rises surprisingly strongly. The index rose from 85.4 to 86.5 points. Economists had only expected an increase to 85.6 points. The current business situation is therefore being viewed more positively again by managers.
Most important dates in the coming week:
Tuesday: 14:00 House price index (USA)
Wednesday: 14:00 Inflation data (DE)
Thursday: 04:00 BoJ interest rate decision (Japan)
What other important dates can you think of?
#immos#inflation#boj
Earnings summary this morning 👇🏼
$ULVR (-1,61 %) | Unilever Q3 2024 Earnings
Rev €15.25B (est €15.398B)
DIV/SHR €O.4396
Underlying Volume 3.6% (est 3.1%)
Underlying Sales 4.5%, (est 4.25%)
Still Sees FY Underlying Sales To 5% (est 4.2%)
Still Sees FY Underlying Oper. Margin At Least 18%
2024 FY Outlook Unchanged
$BARC (+0,13 %) | Barclays Q3 2024 Earnings
Pretax Profit £2.23B (est £1.96B)
Net Interest Income £3.31B (est £3.11B)
Investment Banking £594M (est £552.3M)
FICC Rev. £1.18B (est £1.13B)
Sees FY Cost To Income Ratio About
Sees FY UK Net Interest Income About £6.5B
$AAL (+7,32 %) | Anglo American Q3 2024 Earnings
Diamond Prod 5.6M Carats (est 5.6M)
Copper Output 181,000 tons (est 181,334)
American Sees Fy Diamond Prod 23M to 26M Carats
De Beers To Continue To Assess Options To Lower Output
PGMS Demerger Is On Track To Complete By Mid 2025
$RMS (-0,37 %) | Hermes International Q3 2024 Earnings
Rev €3.70B (est €3.68B)
Sales At Constant FX 11.3% (est 10.5%)
Leather Goods Sales At Constant FX 14% (est 12.8%)
CFO: Sees No Change In Global Trends Early Q4
CFO: China Higher Basket Spend Made Up For Lower Traffic
$005380 | Hyundai reports a 6.5% drop in profits in the third quarter despite an increase in sales, leading to an almost 5% fall in the Seoul share price. Operating profit falls to 3.6 trillion won, while the operating margin drops to 8.3%.
$BN (-0,69 %) | Danone increases its turnover in the third quarter by 4.2% to 6.9 billion euros, exceeding analysts' expectations. Demand is particularly high in North America and Asia.
$RNO (-0,14 %) | Renault increases sales by 1.8% to 10.7 billion euros in the third quarter, but falls short of analysts' expectations. Exchange rate effects have a dampening effect on the result, without which a 5% increase in sales would have been possible.
$SY1 (+0,25 %) | Symrise raises its forecast for organic growth in 2024 to around 7 % after strong sales growth in the first nine months. Sales rose by 6 % to 3.8 billion euros, driven by petcare and fragrance products.
$WAF (+2,71 %) | Siltronic raises 2024 EBITDA margin guidance to 24-26% as acceptance of new Singapore factory is delayed. Third-quarter sales rise 2.3% to EUR 357m, exceeding expectations, while profit falls to EUR 19m.
$BEI (-0,23 %) | Beiersdorf records organic sales growth of 6.5% to 7.5 billion euros, but falls short of analysts' expectations. Sales of the luxury brand La Prairie fall by over 7% in China, while the annual targets for 2024 are confirmed.
Operating margin car manufacturers Q1/24
+38.2% Ferrari
+15.7% Porsche
+11.2% Stellantis
+10.8% Mercedes
+10.0% Toyota
+8.8%% BMW
+5.5% General Motors
+7.6% Renault
+7.2% Volvo
+6.6% Volkswagen
+5.8% Hyundai
+5.6% Honda
+5.5% Tesla
+4.7% BYD
+2.9% Ford
>> Opinions?
$TSLA (-0,58 %)
$RACE (+0,15 %)
$P911 (-0,15 %)
$STLAM (+0,25 %)
$MBG (-1,18 %)
$7203 (+0,65 %)
$BMW (+0,52 %)
$GM (+1,3 %)
$RNO (-0,14 %)
$VOLV B (-0,09 %)
$VOLV A (-1,28 %)
$VOW (-1,26 %)
$005380
$1211 (-3,6 %)
$81211
$F (+0,89 %)
$7267 (+0,07 %)
getquin Daily Summary 12.07.2022
Hello getquin,
the impact of the Ukraine war is continuously a very high driver of the current global economy. Today we have news on Renault, Walmart and Gap!
Europe🌍:
1. Renault sales slump by almost 30 percent.
French automaker Renault's sales fell dramatically in the first half of the year as a result of its withdrawal from Russia. According to Tuesday's Renault report, global sales fell 29.7% to just over one million vehicles.
Excluding the Russian company, sales were down 13%, it said. The market climate continues to be characterized by a shortage of semiconductors, it said. The stock price fell as much as 2.4% by midday due to the disappointing stock market environment.
More on the problems: https://bit.ly/3O61BAd
🟥 $RNO (-0,14 %) (🔽 -0.11%)
America🌏:.
2. Walmart buys 45% of Canoo's delivery trucks.
Shares of electric car maker Canoo rise after Walmart agreed to buy 4,500 electric delivery trucks. Walmart will buy at least 4,500 and up to 10,000 of Canoo's electric delivery trucks. The delivery trucks are expected to be in service by 2023. Canoo's shares rose more than 70% after the news.
What a deal! https://cnb.cx/3cbX2Yd
🟩 $GOEV (🔼 +106.90%)
🟩 $WMT (-1,45 %) (🔼 +1.75%)
3. Gap CEO Sonia Syngal Resigns Effective Immediately.
Sonia Syngal, CEO and president of Gap, is stepping down effective immediately, the apparel company announced Monday. The retailer also named a new chief executive for its Old Navy business. Gap added that higher promotional activity had a negative impact on gross margin; it now forecasts an adjusted operating margin percentage in the second quarter of zero to slightly negative.
Who will be next? https://cnb.cx/3nVTAU1
🟥 $GPS (+2,18 %) (🔽 -2.87%)
Quarterly Figures:
Pepsico $PEP (-0,25 %)
EPS: 🟩 $1.74 expected vs $1.86 published; difference: 7.10%.
Sales: 🟩 $19.51 billion expected vs $20.22 billion published; variance: 3.67%
Stocks of the day:
🟩 TOP $HLF (+0,85 %) €22.76 (🔼 +15.67%)
🟥 FLOP $BYDDY (-3,55 %) , 68.88 🔽 -11.04%)
🟩Most searched $ALV (+0,35 %) , €178.46 (🔼 +0.08%)
🟥 Most traded $BYDDY (-3,55 %) , 68.88 (🔽 -11.04%)
🟥 S&P500, 3,851.57 (🔽 -0.074%)
🟩 DAX, 12,856.40 (🔼 + 0.19%)
🟥 bitcoin ₿, €19,800.90 (🔽 -0.24%)
Time: 17:00 CEST
Fun Fact:
Did you know that €50 bills are the most counterfeited?
Principales creadores de la semana
