VW 04 guidance "very difficult" with strong euro

Newswire

FRANKFURT, April 30 (Reuters) - Volkswagen AG Chief Financial Officer Hans Dieter Poetsch said on Friday that a strong euro could mean the group would not reach its operating profit target for 2004. "We've still got a chance up to a dollar-euro exchange rate of 1.25," Poetsch told analysts. "Anything else is not impossible, but very difficult." The group's target for the full year, which it has called "ambitious", is to post operating profits of more than 2.5 billion euros ($3 billion) ...

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