Renault SA

RNO: XPAR (FRA)
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Renault Earnings: Profit Warning a Disquieting Sign Following CEO Departure

Renault has revised its full-year targets downward, reducing its operating margin expectation to around 6.5% from greater than 7% and its free cash flow to EUR 1 billion-EUR 1.5 billion from more than EUR 2 billion. A weaker-than-expected performance in June being the explanation for the miss.

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