Volkswagen (pref) : An Audi-driven beat as expected but Core unit unlikely to reassure
>A beat driven by Audi (already known since a week) but with Core weak - A week after Audi already reported robust and sequentially improving Q2 earnings and Porsche cut expectations on the back of supply-chain related disruptions, Volkswagen this morning released its full Q2 earnings which came in 5% above expectations at the EBIT level (in line with us). With Audi, Porsche and even Traton earnings already out, the focus of today was clear the Core unit which has sig...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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