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RENAULT

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Renault : Alpine unveils new car for F1 in French flag colours

03/02/2021 | 11:19am EDT

PARIS — The rebranded Alpine team presented its new Formula One car on Tuesday, revealing a new livery of blue, white and red matching the colours of the French flag instead of yellow and black.

The Renault Formula One team changed its name to Alpine at the end of last season and said the new colours are “synonymous to Alpine’s heritage and pedigree in motorsports."

Alpine has a history in motorsports with the Renault-powered Alpine car winning the Le Mans 24 hours race in 1978.

The new A521 will be powered by a Renault engine and driven by Fernando Alonso and Esteban Ocon, who is French.

A two-time world champion with Renault, the 39-year-old Alonso is making his comeback in F1 after retiring at the end of the 2018 season. The 39-year-old Spaniard has won 32 races, with 97 podium finishes. He won his titles in 2005 and 2006.

“I’ve been working hard to prepare myself for racing back in Formula One and the target is to attack from the beginning," Alonso said.

Ocon starts his second year with the team.

F1 begins this month at the Bahrain Grand Prix.

___

More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2021 49 623 M 59 389 M 59 389 M
Net income 2021 663 M 793 M 793 M
Net Debt 2021 2 272 M 2 719 M 2 719 M
P/E ratio 2021 14,4x
Yield 2021 0,40%
Capitalization 9 820 M 11 764 M 11 753 M
EV / Sales 2021 0,24x
EV / Sales 2022 0,20x
Nbr of Employees 179 565
Free-Float 60,7%
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Mean consensus HOLD
Number of Analysts 21
Average target price 43,65 €
Last Close Price 36,13 €
Spread / Highest target 127%
Spread / Average Target 20,8%
Spread / Lowest Target -28,0%
EPS Revisions
Managers and Directors
NameTitle
Luca de Meo Chief Executive Officer
Clotilde Delbos Chief Financial Officer & Executive Vice President
Jean-Dominique Senard Chairman
Pascale Sourisse Independent Director
Patrick Marie Charles Thomas Independent Director
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