Volkswagen (pref) : June and Q2-20 better than expected?
>June sales already better - Following a tweet yesterday from Jurgen Stackmann, head of the VW brand sales, indicating that June deliveries had been better than expected for the carmaker, we contacted the company which confirmed to us that commercial momentum was actually more favourable than originally expected. Whilst we had retained the cautious option in our estimates in the face of the numerous messages delivered by the group notably the CFO (“Q2 will be uglyâ€) ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.