What to expect from Renault’s upcoming financial results

  • Renault expected to report group sales of 52.88 billion euros
  • Earnings before interest and taxes forecasted to reach EUR4.08 billion
  • Shares have fallen 11% over the last 12 months
  • Renault’s guidance will be closely watched after the cancellation of the Ampere electric-car IPO
  • Renault could target a higher margin this year
  • European sales and pricing might prove more resilient than expected

Renault is set to release its 2023 financial results on Thursday. Analysts predict group sales of 52.88 billion euros, an increase from the previous year. Earnings before interest and taxes are expected to reach EUR4.08 billion, compared to EUR2.22 billion in the previous year. However, Renault’s shares have fallen 11% over the last 12 months. Investors will be closely watching Renault’s guidance following the cancellation of the Ampere electric-car IPO. Despite concerns about the industry’s performance, Renault could be one of the few European carmakers targeting a higher margin this year. Analysts also believe that European sales and pricing might be more resilient than expected, thanks to Renault’s new model releases. Overall, Renault is expected to meet its EBIT margin target of 7%-8% and its free cash flow goal of EUR2.5 billion.

Public Companies: Renault (N/A)
Private Companies:
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Factuality Level: 8
Justification: The article provides specific information about Renault’s expected sales and earnings for 2023, citing polls of analysts. It also includes insights from different analysts about Renault’s guidance, margin target, and free cash flow goal. The information provided is based on expert opinions and forecasts, which increases the factuality level of the article.

Noise Level: 7
Justification: The article provides information on Renault’s upcoming financial results and forecasts. It includes sales and EBIT forecasts, as well as insights from analysts. However, the article lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on predictions and opinions without providing substantial evidence or data to support them.

Financial Relevance: Yes
Financial Markets Impacted: Renault and the automotive industry

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides financial information about Renault’s sales and earnings forecasts for 2023. It discusses analysts’ expectations and concerns regarding Renault’s performance in the automotive industry.

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