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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Renault    RNO   FR0000131906

RENAULT (RNO)
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Renault : wants half its cars to be electric or hybrid in 2022

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10/06/2017 | 03:37am EDT

PARIS — French carmaker Renault says half of its models will be electric or hybrid by 2022 and it's investing heavily in "robo-vehicles" with increasing degrees of autonomy.

A strategic plan released Friday aims to boost Renault annual revenues to 70 billion euros ($82.2 billion) by 2022 from 51 billion euros last year, in part through an effort to double sales outside its traditional markets in Europe, notably in China and Russia.

The plans reflect the vision laid out last month by the Renault Nissan Mitsubishi alliance, the world's No. 1 carmaker by sales. Many of Renault's new aims depend on saving money through sharing platforms and development.

CEO Carlos Ghosn said Renault is aiming for 20 electric or hybrid models by 2022, more than half of its 39 models overall.

© 2017 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (€)
Sales 2017 58 949 M
EBIT 2017 3 671 M
Net income 2017 4 269 M
Finance 2017 4 097 M
Yield 2017 3,97%
P/E ratio 2017 5,53
P/E ratio 2018 5,46
EV / Sales 2017 0,36x
EV / Sales 2018 0,34x
Capitalization 25 536 M
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Renault Technical Analysis Chart | RNO | FR0000131906 | 4-Traders
Technical analysis trends RENAULT
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 97,9 €
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Carlos Ghosn Bichara Chairman, President & Chief Executive Officer
Clotilde Delbos Chief Financial Officer
Franck Riboud Independent Director
Philippe Lagayette Lead Independent Director
Dominique Payen de la Garanderie Independent Director
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