Volkswagen: analysts optimistic about 2024 results
January 23, 2025 at 10:00 am EST
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Volkswagen shares posted one of the strongest gains on the DAX index in Frankfurt on Thursday, with several analysts optimistic about the German automotive group's forthcoming 2024 annual results.
At around 3.40 pm, the stock gained 1.6%, while the DAX advanced 0.4% at the same time, taking it back to its highest level since last September.
In a note released this morning, Stifel's teams hail the positive tone of yesterday's meeting between VW and the financial community to take stock of fiscal 2024.
"The fourth quarter proved to be the strongest of the year in terms of volumes, and this momentum is set to continue into 2025", stresses the research firm.
In view of the solid delivery figures published outside China for the last three months of the year, Stifel expects fourth-quarter sales and earnings to be robust.
'WW even considers that consensus might seem a little cautious', says Stifel.
Its management team has confirmed its target of operating profit of around €18 billion in 2024, compared with the consensus figure of €17.6 billion.
'We believe that the Group could report a slight increase in sales in 2025', add HSBC analysts.
Volkswagen is due to publish its annual results for 2024 and present its outlook for 2025 on March 11.
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Volkswagen AG is a Germany-based company, which manufactures and sells vehicles. The Group consists of two divisions: the Automotive Division and the Financial Services Division. The Automotive Division comprises the Passenger Cars, Commercial Vehicles and Power Engineering business areas. This division focuses on the development of vehicles, engines and vehicle software, the production and sale of passenger cars, light commercial vehicles, trucks, buses, and motorcycles, as well as businesses for genuine parts, large-bore diesel engines, turbomachinery, and propulsion components. The Financial Services Division focuses on dealer and customer financing, leasing, direct banking, and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN.