Volkswagen

European stocks fell sharply on the major expiry day; the EuroStoxx 50 closed 1.37 percent lower. The auto sector was hit particularly hard after Volkswagen issued a profit warning following a multibillion-euro write-down on Porsche, weak business in China and higher restructuring costs, sending VW shares down 5.6 percent. Telecom stocks fell after Orange was downgraded and on profit-taking; Orange lost 5.8 percent, Deutsche Telekom 4.2 percent. Nestlé slipped 2.6 percent after Russia temporarily took control of some holdings. » More on finanzen.net

The Dax closed 1.60% lower at 25,304.06 points on the major expiry day, weighed down by pronounced caution over the situation in the Middle East, high oil prices and rising yields. Additional concern was caused by stronger‑than‑expected German producer prices, which signal inflationary pressure. Volkswagen preferred shares fell 5.6% after a significant profit forecast cut and a billion‑euro write‑down on the Porsche goodwill; BMW, Continental and Mercedes‑Benz also lost ground. Infineon and some chip equipment suppliers rose, while Siltronic jumped after UBS raised its price target. » More on finanzen.net

Volkswagen issues a profit warning, citing a goodwill write-down on Porsche, a difficult market environment in China and further restructuring costs. The group expects revenue of around 315 billion euros and now anticipates an operating profit margin of up to 1.0 percent for 2026 (previously 4.0–5.5 percent). Special items burden the operating result by about €10 billion, but net cash flow in the automotive division and net liquidity remain within the previously targeted range. » More on deraktionaer.de