Company Of The Day: Volkswagen

+24.79%
Upside
18.32
Market
22.87
Trefis
VWAGY: Volkswagen logo
VWAGY
Volkswagen

What?

German auto giant Volkswagen (OTCMKTS:VWAGY) indicated that it expects that its H1 operating profit to total about Euro 11 billion ($13 billion), effectively surpassing pre-pandemic levels.

Why?

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The growth is driven by its premium brands such as Porsche and Audi which have higher margins, and also by the group’s financial services business.

So What?

VW stock rallied by almost 6% on Friday’s trading following the news. The company is scheduled to publish Q2 results on July 29.

See Our Complete Analysis For Volkswagen

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