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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Renault    RNO   FR0000131906

RENAULT

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Renault : Groupe Renault Communication February 12, 2019

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02/12/2019 | 02:31am EST

PRESS RELEASE                                                                                                       2019/02/12

communication FROM GROUPE RENAULT

Boulogne-Billancourt, February 12, 2019 - In addition to the Board of Directors communication of January 24, 2019, Renault wishes to specify that Mr. Ghosn resigned from his terms of office as Chairman of the Board of Directors and Chief Executive Officer, but remains, as of the date hereof, Director of Renault SA.

Mr. Senard has been appointed as Director and Chairman of the Board of Directors of Renault SA pursuant to Article L. 225-17 of the French commercial code.

Besides:

·    Mr. Ghosn was replaced by Mr. Bolloré as Chief Executive Officer of Renault SA and President of Renault SAS;

·    in accordance with the agreements entered into with Nissan, Mr. Ghosn was replaced by Mr. Bolloré as Chairman of the Management Board of Renault-Nissan BV (« RNBV »). Mr. Ghosn remains, as of the date hereof, a member of the Management Board of RNBV; and

·    Mr. Ghosn retains, as of the date hereof, his positions within Alliance Rostec Auto BV and Renault do Brasil.

***

About Groupe Renault
Groupe Renault has manufactured cars since 1898. Today it is an international multi-brand group, selling close to 3.9 million vehicles in 134 countries in 2018, with 36 manufacturing sites, 12,700 points of sales and employing more than 180,000 people.
To address the major technological challenges of the future, while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motorsports, a real vector for innovation and awareness.

For more information:

Frédéric TEXIER
Press Director
+33 (0)1 76 84 33 67
+33 (0) 6 10 78 49 20
frederic.texier@renault.com

GROUPE RENAULT
PRESS SERVICE
Tel. : +33 (0) 1 76 84 63 36
renault.media@renault.com 

Web sites : www.media.renault.com - www.group.renault.com





This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RENAULT via Globenewswire

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Financials (€)
Sales 2019 58 430 M
EBIT 2019 3 668 M
Net income 2019 3 955 M
Finance 2019 4 009 M
Yield 2019 6,20%
P/E ratio 2019 4,27
P/E ratio 2020 4,09
EV / Sales 2019 0,23x
EV / Sales 2020 0,22x
Capitalization 17 634 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 80,0 €
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Thierry Bolloré Chief Executive Officer
Jean-Dominique Senard Chairman
Clotilde Delbos Chief Financial Officer & Executive Vice President
Carlos Ghosn Bichara Director
Philippe Lagayette Lead Independent Director
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