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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Renault    RNO   FR0000131906

RENAULT

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No major conditions on Renault's state-backed loan, chairman says

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06/02/2020 | 12:48pm EDT
Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt

France has not attached any major conditions to a 5 billion euro ($5.6 billion) state-backed loan for Renault, the carmaker's chairman said on Tuesday, although the finance minister called on the company to hold "exemplary" talks with unions.

Renault last week unveiled plans to cut about 15,000 jobs worldwide, including 4,600 in France where the company will seek voluntary departures and use retirement schemes.

The announcement sparked weekend protests at some factories, including at Maubeuge in northern France, although Renault Chairman Jean-Dominique Senard has pledged the site will not be closed.

Finance minister Bruno Le Maire said on Tuesday the government wanted Renault's northern France sites to become "centres of excellence".

Senard also told franceinfo radio that Renault aimed to present a new strategic plan, including the vision for its brands, by the end of the year, after a new CEO comes on board.

(Reporting by Sarah White; Writing by Matthieu Protard; Editing by David Goodman and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
RENAULT 3.77% 22.415 Real-time Quote.-46.86%
SEEK LIMITED -0.70% 21.42 End-of-day quote.-5.01%
THE NEW HOME COMPANY INC. 2.16% 3.31 Delayed Quote.-28.97%
VISION INC. -4.76% 620 End-of-day quote.-65.78%
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Financials
Sales 2020 43 697 M 49 360 M 49 360 M
Net income 2020 -5 008 M -5 657 M -5 657 M
Net Debt 2020 798 M 902 M 902 M
P/E ratio 2020 -1,27x
Yield 2020 0,42%
Capitalization 6 034 M 6 827 M 6 816 M
EV / Sales 2019
EV / Sales 2020 0,16x
Nbr of Employees 179 565
Free-Float 62,0%
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Technical analysis trends RENAULT
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TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 21
Average target price 27,61 €
Last Close Price 22,42 €
Spread / Highest target 306%
Spread / Average Target 23,2%
Spread / Lowest Target -55,5%
EPS Revisions
Managers
NameTitle
Luca de Meo Chief Executive Officer
Jean-Dominique Senard Chairman
Clotilde Delbos Chief Financial Officer & Executive Vice President
Pascale Sourisse Independent Director
Benoît Ostertag Director
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