Renault SA (XPAR:RNO)

€ 49.27 -0.52 (-1.04%) Market Cap: 14.31 Bil Enterprise Value: 59.20 Bil PE Ratio: 6.23 PB Ratio: 0.49 GF Score: 74/100

Renault SA to Present “Renaulution” Strategic Plan Transcript

Jan 14, 2021 / 07:30AM GMT

Release Date Price: €35.43 (-1.07%)

Transcript

Luca de Meo

Renault SA - CEO

Good morning, and good afternoon. Welcome to this presentation. Renaulution, that's the name we have chosen for our short-, mid- and long-term strategic plan this time.

This is one word which is already part of our organization's slang, able to grasp the degree of transformation we consider necessary, while stating our belief that we will build it with our own style, leveraging the know-how, the assets and the culture of this 122-years-old company.

We knew we needed a new storyline, which -- with a new direction, a plan with solid and credible numbers. But we also felt that playing a new game would require a profound organizational change, putting our top managers and top leaders in the right positions on the field, giving them and their teams a new set of objectives and motivating them with a different reward system.

This is part of what we have done in the last 6 months, and this is what you -- we are going to present to you in the next 90-100 minutes. But if you want me to boil it down to just one simple slogan, it will be moving our focus from

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