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'''Earnings Call''' <ref name=":0">https://seekingalpha.com/article/4550791-volkswagen-ag-vwagy-q3-2022-earnings-call-transcript</ref> | '''Earnings Call''' <ref name=":0">https://seekingalpha.com/article/4550791-volkswagen-ag-vwagy-q3-2022-earnings-call-transcript</ref> | ||
* Operating margin in first 9 months of 2022 stood at 8.6%. Therefore it must have significantly weakened in Q4 2022 to reach 8.06% for the full year. | * "Operating margin in first 9 months of 2022 stood at 8.6%." -> Therefore it must have significantly weakened in Q4 2022 to reach 8.06% for the full year. | ||
* | * Guidance: "Revenues are expected to reach the upper end of the range between 8% and 13% due to the continued positive mix effect on pricing. We remain confident to end up at the upper end of our margin guidance between 7% and 8.5%." | ||
* "We don't expect major changes on the currency side and derivatives." | |||
== References == | == References == |