Volkswagen (pref) : The difficulty of managing expectations …
>Better year-end than expected, 2024 outlook ok but less optimistic than hoped? - As expected, VW reported, on Friday afternoon, its preliminary 2023 figures (final release/call on 13 March), which point to a better end to the year than expected in terms of revenue (Q4 sales of € 87bn vs a consensus of € 80bn), in line margin-wise (7.3%) and much better on FCF, driven by largely positive WC in Q4 (+€ 5bn; inventories). The 2024 outlook, underpinned particularly by the...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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