Having already pre-released all the key FY20 group figures and 2021 outlook, VW’s full annual release brings few new surprises as the stronger than anticipated profitability and cash generation have mostly been assimilated by the market. What is now driving sentiment is a telling change in investors ‘perception on VW’s ambitious electrification efforts. The FY21 picture remains a complicated one, with semiconductor and raw material price headwinds, but VW seems to have finally got its big EV bre ....
19 Mar 2021
FY20 full release mostly assimilated, but VW's big EV break lifts prospects
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FY20 full release mostly assimilated, but VW's big EV break lifts prospects
Having already pre-released all the key FY20 group figures and 2021 outlook, VW’s full annual release brings few new surprises as the stronger than anticipated profitability and cash generation have mostly been assimilated by the market. What is now driving sentiment is a telling change in investors ‘perception on VW’s ambitious electrification efforts. The FY21 picture remains a complicated one, with semiconductor and raw material price headwinds, but VW seems to have finally got its big EV bre ....