Volkswagen Q2 Earnings: We Confirm Our Buy Rating

Aug. 11, 2022 7:36 AM ETVolkswagen AG (VLKAF), VWAPYVLKPF3 Comments
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Mare Evidence Lab
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Summary

  • Lower vehicle productions but higher sales and more abs profits.
  • BEV continues to strongly perform as well as the premium division.
  • The Porsche IPO is well on track, we confirm our buy rating on Volkswagen.

Volkswagen Golf GTE is charged at a charging station

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Today we are going to comment on Volkswagen's (OTCPK:VLKAF, OTCPK:VWAPY) Q2 results. Last time, we were pretty optimistic for the following reason:

  1. We were forecasting a 12% revenue increase despite lowering by 6% vehicle productions. This was a testament to Volkswagen's pricing
Volkswagen financials

Volkswagen financial snap

Volkswagen guidance

Volkswagen guidance

Volkswagen PE evolution

Volkswagen PE evolution

This article was written by

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3.41K Followers
Buy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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