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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Renault SA | EU:RNO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.04 | 0.08% | 48.86 | 48.85 | 48.87 | 49.32 | 48.59 | 48.90 | 186,104 | 12:35:13 |
From Apr 2022 to Apr 2024
By Cristina Roca
Renault SA said Tuesday that it expects its earnings to take a 331 million-euro ($321.2 million) as its partner Nissan Motor Co. pulls out of the Russian market, but that its 2022 guidance won't be affected.
The hit will be reflected in the French car maker's second-half net income.
Nissan said earlier Tuesday that it would book a loss of about 100.0 billion yen ($686.2 million) from the sale of its Russian unit.
It first suspended production at its plant in St. Petersburg in March due to supply-chain disruptions following Russia's invasion of Ukraine. It said Tuesday that there were no signs of the business environment changing.
Renault--which owns a controlling stake in Nissan--expects an operating margin of more than 5% and automotive operational free cashflow of more than EUR1.5 billion for 2022.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
October 11, 2022 06:26 ET (10:26 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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