Volkswagen (pref) : A welcome note of confidence
>Robust quarter was largely expected, FY guidance upgrade much less so - VW's Q1 2021 results, reported yesterday, were solid but largely in line with expectations (as expected, with the carmaker having provided no prelims, unlike BMW/DAI). Like its peers before it, earnings were buoyed by both the volume recovery at the start of the year but also by a very favourable mix and price environment in the industry against a backdrop of very low inventories. While this good...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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