Play Renault recovery via turbo calls

This Monday, as part of our section devoted to derivatives, we are implementing a strategy on Renault. The automotive group recently announced the changes made as part of its recovery and the results are rather encouraging. The objective of reducing costs by 2 billion euros was achieved more than a year in advance and for the breakeven point, that of the 30% reduction expected by 2023 has already been achieved.

The diamond brand has also been able to increase its selling prices, a necessity to offset the effect of shortages and regain satisfactory margin levels. The average sale price has thus increased by 6 to 7%, “ much better than other manufacturers, according to Luca de Meo, the general manager of Renault.

The good management of the R&D section by Gilles Le Borgne has also made it possible to reduce development costs by 40% as well as the development time of models by 25%, the vehicles requiring fewer and fewer parts and relying on a common.

Even if the disruptions will continue, especially in the first half of 2022, the group has the cards in hand to continue its recovery.

We offer the purchase of turbo calls without code expiry JT31C. The knock-out barrier of 27.99 euros is located at 17.4% of the share price and the leverage is 4.7 times.

Quotation range: 0.71-0.72 euros.