Volkswagen (pref) : Doubts on 2023 outlook not fully dispelled yet despite confident tone
>Volume scenario still subject of debate, our estimates at the lower end of the range - While the group had already published preliminary 2022 earnings and announced key elements of its 2023 outlook, the focus of yesterday's release was mostly on the details of the Q4 performance and, especially, on more color in terms of this year's ambitions, particularly in terms of volumes, since the group is, by far, the most optimistic of our OEMs universe with a 15% growth. In ...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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