(News Bulletin 247) – UBS confirms its neutral advice on value with a target of 130 E

The analyst does not share VW’s optimism. “Our EPS 2023 is now closer to consensus, but the threat is even greater due to record investments and a lack of vigilance on costs,” explains UBS.

Remember that Volkswagen has announced that it is planning for 2023 performance well above market expectations. The group said it expects vehicle deliveries of around 9.5 million units this year, compared to 8.3 million last year.

Its turnover should increase between 10% and 15%, for an operating margin expected in an interval ranging from 7.5% to 8.5%, while the consensus of analysts had been established at 7, 1%.

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