Volkswagen (pref) : Solid and reassuring Q3 numbers amid the prevailing uncertainty
>Very solid Q3, guidance still on the vague side but a reassuring tone - VW yesterday posted solid and better-than-expected Q3 2020 earnings (8% for EBIT), driven by an improvement in the environment, particularly in the premium segment and in China, and the impact of the cost-cutting measures put in place over the last few months. Looking beyond the results, the group also produced an impressive showing on FCF generation, with very tight control of WC. Despite this s...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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