Renault SA (XPAR:RNO)

€ 50.2 0.02 (0.04%) Market Cap: 14.50 Bil Enterprise Value: 59.39 Bil PE Ratio: 6.28 PB Ratio: 0.49 GF Score: 74/100

Q3 2023 Renault SA Corporate Sales Call Transcript

Oct 19, 2023 / 06:00AM GMT

Release Date Price: €33.43 (-7.33%)

Transcript

Philippine de Schonen

Renault SA - VP of IR

Good morning, everyone. We are pleased to welcome you for our presentation dedicated to our Q3 revenue with Thierry Pieton, Group CFO; Fabrice Cambolive, CEO of Renault brand, Denis Le Vot, CEO of Dacia Brand; and Xavier Martinet from the Dacia team. Thierry, the floor is yours.

Thierry Pieton

Renault SA - Group CFO, Senior VP, Controller & Member of Management Board

Thank you, Philippine. Good morning to all, and thanks for joining us this morning. I'm pleased to comment today on Q3 revenue and commercial performance, but let me first give you an update on the strategic and commercial developments that took place over the last quarter when dilution is moving ahead quickly with several projects that we're rolling out at the same time.

So let's start with Horse, our business dedicated to ICE and hybrid powertrains. The carve-out was completed on July 1. Day 1 was a success with -- we had 9,000 employees, 8 factories and 3 R&D centers that were transferred without a glitch. On July 11, we signed a

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