Volkswagen (pref) : A message that struggles to surprise positively
>Q3 a little less tough than expected, 2021 profitability targets confirmed - As expected, Volkswagen’s Q3 2021 results confirmed that the carmaker had suffered from the tough environment over the quarter, significantly aggravated by the semiconductor shortage (600k units lost at group level of which 95% due to semis). Nonetheless, the results came in a shade better than expected (but with a consensus that had sharply fallen recently) and above all the group maintaine...Volkswagen the parent company of the Volkswagen Group. It develops vehicles and components for the Group's brands, and produces and sells vehicles such as passenger cars and light commercial vehicles for the Volkswagen Passenger Cars and Volkswagen Commercial Vehicles brands. In the electricity sector, Co. performs electricity generation, sales and distribution together with a Group subsidiary. Western Europe, China, Brazil, the U.S., Russia, Mexico and Argentina are the key markets of the Group. The automotive division comprises the passenger cars, commercial vehicles, and power engineering segments, while the financial services division corresponds to the financial services segment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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