Volkswagen (pref) : A satisfactory Q1 ahead of a CMD aimed at answering mid-term concerns
>Q1 results broadly ahead of expectations and guidance reiterated - VW yesterday reported Q1 results above expectations (especially once adjusted for commodity hedging), marked by an increase in volumes against the backdrop of a gradual easing of supply/logistics constraints and robust pricing. While the full-year outlook has been confirmed, a question mark still hangs over the volume growth target, especially amid worrying momentum in China and in terms of electrific...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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