Volkswagen (pref) : Still an attractive positioning among OEMs
>Unsurprising results after the preliminary figures, 2020 guidance ok - Volkswagen's Q1 2020 results, reported yesterday, were in line with the preliminary numbers unveiled mid-April. They confirm an already significant impact from the crisis at the start of the year, both for earnings and cash-wise. Despite poor visibility, the group has set out some guidance for 2020 (EBIT, FCF, liquidity) which should reassure investors as it looks relatively consistent (albeit vag...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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