(Boursier.com) — Renault is unchanged at 36.40 euros on Friday, while the RBC broker is no longer targeting a course of 31 euros on the car manufacturer (‘sector performance’). The group saw its global sales fall by 5.9% in 2022, a fourth consecutive year of decline. The automaker sold 2,051,174 cars and vans worldwide last year. The day before, the group had published sales of its main brand, Renault, down 9.4%, but the performance of its low-cost brand Dacia (+6.8% to 573,837 units) mitigated the decline in sales on the year.
Renault stated that it is successfully developing its sales in value-creating segments in Europe and internationally. On the Old Continent, Renault is on the electrification podium and becomes the 3rd brand in the electrified market (PC market) with 12% growth compared to 2021 and the 3rd brand in the 100% electric… Renault is improving the mix of its sales with more than one in two sales to individuals (+8 points compared to 2021). Renault’s sales in the C segment also increased by 21% compared to 2021 with in particular the success of Arkana (80,000 sales) and Mégane E-Tech electric (33,000 sales).
Outside Europe, Renault reaffirmed its positions and increased its presence in its key markets: Turkey (+22.6% vs 2021), Morocco (+11.4% vs 2021) and Latin America (+8% vs 2021) .
The Alpine brand also confirmed its growth for the third consecutive year with 3,546 units sold in 2022, i.e. 33% increase, driven by the success of the limited series of the iconic A110 range. At the same time, Alpine is continuing its international development with the opening of new markets and the strong growth of its network by +40%.
The diamond group’s order portfolio in Europe remains at the same time at a record level of 3.5 months of sales as of December 31, 2022.. Among the latest brokers’ opinions, HSBC lowered its recommendation to “hold” against “buy” previously and its target price to 42.50 euros, against 44 euros…