Volkswagen: stock upbeat after Q1 results
(CercleFinance.com) - The Volkswagen share is up almost 5% in Frankfurt this morning, greatly in demand following the publication of Q1 underlying operating income that is up 14% at 4.
8 billion euros, while Oddo BHF expected just under four billion euros.
The corresponding margin thus improved by 0.9 point to 8.1% for sales growth of 3.1% at 60 billion euros, with the improvement in the group's product mix and a dynamic funding business having offset a decline in volume deliveries.
Satisfied with this start of the year, the German car maker confirms its targets for 2019 in terms of deliveries to clients, sales revenue and underlying operating income.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
8 billion euros, while Oddo BHF expected just under four billion euros.
The corresponding margin thus improved by 0.9 point to 8.1% for sales growth of 3.1% at 60 billion euros, with the improvement in the group's product mix and a dynamic funding business having offset a decline in volume deliveries.
Satisfied with this start of the year, the German car maker confirms its targets for 2019 in terms of deliveries to clients, sales revenue and underlying operating income.
Copyright (c) 2019 CercleFinance.com. All rights reserved.