Renault ahead of Nissan on the stock market, symbol of Diamond

Renault takes the lead over its historic partner. According to the Bloomberg agency this Monday, the market value of the French manufacturer now exceeds that of Nissan, after being behind during almost the entire period of their partnership, which began in 1999.

The diamond brand is now worth 15 billion euros ($16 billion), nearly a billion more than the Japanese group. The change in positions built on the positive performance of the Renault stock market in recent months. Since the beginning of the year, its shares have appreciated by 37%. In the last six months, the increase reached 42%.

“Historical” results.

In February, the French group presented financial results described as “historic”, with indicators “all improving”. Its sales increased by 13.1% last year, to 52.4 billion euros, while its operating growth reached 7.9%.

Beyond these positive figures, investors also welcomed the talks of a merger between Renault, Nissan and Mitsubishi, as well as the restructuring carried out by Luca de Meo including the division of the group’s activities in electricity and fuel.

At the same time, Nissan is struggling to recover its sales, facing an aging product range and fiercer competition in the Chinese market. In the 2023-2024 fiscal year, the manufacturer sold just over 3.5 million vehicles worldwide, still 1.5 million less than in the early 2020s.

Although up 3.5% since the start of the year, its share price in Tokyo, however, has fallen by more than 6.5% over the past six months.

More information to follow…