Volkswagen (pref) : Tough times … but probably (much) more so for others
>2020 guidance put aside as expected - Volkswagen reported broadly solid 2019 results (profitability, FCF) with few surprises relative to the preliminary results published at the end of February (VW and Porsche slightly a bit less solid but offset by other brands/financial services). However, the focus of this release was of course the outlook for 2020 and, as expected, the group has put aside its previous guidance for the time being given the current coronavirus cris...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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