Volkswagen (pref) : A story that is still struggling to convince
>Preliminaries already known, more colour on the outlook - While the group had already published preliminary 2023 results and announced its main 2024 outlook, the focus of yesterday's release was mostly on the details of the Q4 performance and, most importantly, on additional colour in terms of this year's targets in the context of the recovery plan VW announced at the end of 2023. Neutral recommendation underpinned, no real catalysts in the short term - §...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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