1012 GMT - Consensus estimates for Volkswagen's performance probably won't change in any meaningful way after the German automaker's first-quarter print, with lower-than-expected operating profit likely offset by solid cash generation in analysts' eyes, UBS analyst Patrick Hummel writes. The 13% miss in reported operating profit is explained by restructuring, he adds. The 800 million euros of one-offs in the quarter and 500 million euro writedown from the end of electric model ID.4 production in the U.S. were already known, but 300 million euros of restructuring costs that were not. All 2026 guidance items were confirmed, and there is no material Middle East conflict impact so far, but elevated risks in case of an escalation are highlighted, he adds. Shares fall 1%. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 30, 2026 06:12 ET (10:12 GMT)
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