Renault, FR0000131906

Renault appoints Carine Damois as CFO as Renault stock gains 3.17 percent

Published on 10/07/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Carine Damois takes office on November 14, 2026 after 20 years in finance. Renault stock costs EUR 26.06 on October 7, 2026 versus EUR 25.26.

Architektur-Rendering eines modernen Automobildesignstudios mit Tonmodell und Stimmungsbeleuchtung — Renault FR0000131906 Designstudio mit grauem Tonmodell auf Drehteller unter dramatischen lila Stimmungslichtern, Illustration mit AI erstellt.

Renault (ISIN FR0000131906) was trading at EUR 26.06 at Lang & Schwarz on October 7, 2026 at 9:07 a.m. CEST, up 3.17 percent versus the EUR 25.26 Xetra close of October 6, 2026. According to Renault Group on October 5, 2026, Carine Damois will become chief financial officer effective November 14, 2026.

Finance leadership changes in November

Damois will succeed Duncan Minto and report to CEO François Provost. The incoming finance chief has more than 20 years of experience in finance leadership and has served as Michelin's deputy chief financial officer since 2021, according to the Renault Group release.

The appointment gives Renault a finance leader with experience across management control, treasury, risk management, tax, consolidation and strategic planning. For investors, the timing matters because Renault is executing its futuREady strategic plan while maintaining strict cost and capital discipline.

First-half revenue rose 9.50 percent

Renault's operating backdrop improved in the first half of 2026. News18 reported on September 9, 2026 that group revenue reached EUR 30.252 billion, up 9.50 percent from the first half of 2025.

The same first-half report put net profit attributable to equity holders at EUR 705 million, compared with a EUR 11.185 billion net loss in the year-earlier period. Automotive operating free cash flow reached EUR 653 million, versus a EUR 620 million outflow in the first half of 2025, creating a concrete improvement in cash conversion.

Renault also reaffirmed 2026 guidance for a group operating margin of 5.50 percent and automotive free cash flow of EUR 1.0 billion. Electrified vehicles represented 52.00 percent of European sales in the first half, up 8.20 percentage points year over year, according to the same report.

Analyst target remains above the price

Bernstein Research maintained an Outperform rating and a EUR 40.00 price target for Renault on September 22, 2026, according to wallstreetONLINE. The target lies 53.49 percent above the EUR 26.06 Lang & Schwarz price, although the note also highlighted pressure from Chinese automakers in Europe's mass market.

That gap puts the operating margin and product cycle at the center of the Renault story. Revenue growth and positive free cash flow support the financial case, while competition and price pressure remain the main counterweight to a faster margin recovery.

Renault stock trades above EUR 26.00

Renault stock was trading at EUR 26.06 at Lang & Schwarz on October 7, 2026 at 9:07 a.m. CEST, plus 3.17 percent versus the EUR 25.26 Xetra close of October 6, 2026. Renault is listed on Euronext Paris under ticker RNO, belongs to the CAC 40 and has a 52-week range of EUR 24.38 to EUR 37.97; market capitalization was EUR 7.5 billion as of October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Renault stock.