Volkswagen (pref) : Unlikely to improve sentiment on the shares
>Neutral rating maintained, hard to be more constructive at this point - While the OEM’s Q2 earnings clearly confirmed the hoped-for improvement after a challenging first quarter, the beat from Audi (already known) cannot hide the disappointment over the Core Unit and underlines, if proof were needed, the extent of the difficulties facing the group which management did not deny in the conference call, particularly in the current challenging environment. We therefore m...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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