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11.03.2016 - Price of Volkswagen may continue the decline

German sports car manufacturer Porsche warned that it won’t be able to repeat the result of strong sales amid weak sales growth and significant investment in electric cars technology. Net income last year increased by 6% to 2.33 billion euros, while revenue rose by 25% to 21.5 billion euros, which was a record figure for all the years of existence of the company. Weak forecasts for 2016 will be negatively displayed on the price of shares of the parent company Volkswagen, which last year fell dramatically because of the scandal with the exhaust emission tests. We forecast a decline in Volkswagen shares in the near future by 7-10%

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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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