PLUS1
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.02 | 0.05% | 37.60 | 37.30 | 37.70 | 37.73 | 37.255 | 37.69 | 898,038 | 16:40:00 |
Renault Shares Fall Following Hit From Nissan's Russia Exit
11/10/2022 12:29pm
Dow Jones News
Renault (EU:RNO)
Historical Stock Chart
From Oct 2022 to Apr 2023
By Maitane Sardon and Cristina Roca
Shares in Renault SA fell Tuesday after the company said its earnings would take a 331 million-euro ($321.2 million) hit from Nissan Motor Co.'s exit from the Russian market.
The French car maker said the hit will be reflected in its second-half net income but that its guidance for the full year remains unaltered.
At 1050 GMT, shares were down 4.5% at EUR30.03.
Earlier on Tuesday, Japan's Nissan--in which Renault owns a controlling stake--said it would book a loss of about 100.0 billion yen ($686.2 million) from the sale of its Russian unit.
Renault also said it expects an operating margin of more than 5% and automotive operational free cashflow of more than EUR1.5 billion for 2022.
Write to Maitane Sardon at maitane.sardon@wsj.com and Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
October 11, 2022 07:14 ET (11:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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