Despite the ongoing slump in the automotive industry, Renault shares are showing $RNO (-1,67 %) 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? 📈