Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN (VOW3)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Volkswagen Sees Flat Operating Profit But Rising Revenue in 2013

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 04:17pm CET

By Friedrich Geiger

FRANKFURT--Volkswagen AG (>> Volkswagen AG) said Friday it is aiming to match last year's operating profit in 2013 as it expects revenue to rise, but amid an uncertain economic environment and intense competition.

"While we shall see positive effects from our attractive model range and strong market position, there will also be increasingly stiff competition in a challenging market environment," Volkswagen said.

The German car maker--Europe's biggest auto maker by sales--proposed increasing dividends by almost 17% for 2012 after net profit rose sharply due to record sales and its acquisition of sports car maker Porsche.

Announcing preliminary results for the year to Dec. 31, Volkswagen said full-year net profit rose to 21.72 billion euros ($28.73 billion) from EUR15.41 billion in 2011 as strong sales in China and North America, the world's two biggest auto markets, offset shrinking demand in Europe.

A EUR12.3 billion gain from the valuation of Porsche Automobil Holding SE (>> Porsche Automobil Holding SE), the investment company that used to own the Porsche car-making business, also inflated net profit.

Volkswagen has proposed a EUR0.50 increase in the dividend paid to holders both of preferred stock and ordinary stock to EUR3.56 and EUR3.50, respectively.

The auto maker is controlled by the Porsche and Piech families. Volkswagen's other major ordinary shareholders are the German state of Lower Saxony and Qatar Holding, the investment arm of the Middle East kingdom.

Operating profit rose 2.1% to EUR11.51 billion, as the first-time consolidation of Porsche and truck maker MAN SE (>> Man SE) masked Volkswagen's underlying performance. Write-downs on prices Volkswagen paid to increase its stakes in the companies likely mostly offset their contributions to operating profit, the company said earlier.

Volkswagen's multiple acquisitions in recent years, including Swedish truck maker Scania and Italian motorcycle maker Ducati, make it difficult to judge its underlying performance. The group whose 12 brands include Skoda and Lamborghini has consolidated Porsche's sports car business since August and MAN since November 2011.

Revenue rose 21% to EUR192.68 billion last year, helped by the addition of Porsche and MAN and strong sales of Volkswagens' other brands. The group sold 9.3 million vehicles, almost a third of which in China. Unit sales of VW passenger cars rose 13% and those of Audi increased 12%.

Volkswagen is set to release full 2012 figures on March 14.

Write to Friedrich Geiger at [email protected]

Order free Annual Report for Audi AG

Visit http://djnweurope.ar.wilink.com/?ticker=DE0006757008 or call +44 (0)208 391 6028

Order free Annual Report for Volkswagen AG

Visit http://djnweurope.ar.wilink.com/?ticker=DE0007664005 or call +44 (0)208 391 6028

Order free Annual Report for Volkswagen AG

Visit http://djnweurope.ar.wilink.com/?ticker=DE0007664039 or call +44 (0)208 391 6028

Order free Annual Report for Porsche Automobil Holding SE

Visit http://djnweurope.ar.wilink.com/?ticker=DE000PAH0038 or call +44 (0)208 391 6028

Order free Annual Report for Porsche Automobil Holding SE

Visit http://djnweurope.ar.wilink.com/?ticker=US73328P1066 or call +44 (0)208 391 6028

Order free Annual Report for Volkswagen AG

Visit http://djnweurope.ar.wilink.com/?ticker=US9286623031 or call +44 (0)208 391 6028

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Volkswagen AG, Porsche Automobil Holding SE, Man SE
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VOLKSWAGEN
01/18 Daimler, Bosch hit by walkouts in sector-wide labour dispute
01/18 Chemical industry in bid to harness Germany's green power overload
01/18 VOLKSWAGEN : to Spend $20 Million to Launch App-Based Mobility Services in Rwand..
01/18 VOLKSWAGEN : New market potentials in Africa – Volkswagen founds company f..
01/18 VOLKSWAGEN : to start Rwanda car assembly in May
01/18 Lexus, Infiniti luxury car brands test ways to fight Tesla, German rivals
01/18 VOLKSWAGEN : IT expands know-how for the development of digital customer offerin..
01/18 VOLKSWAGEN : Autostadt completes successful year in 2017 with a record number of..
01/18 VOLKSWAGEN : Diesel Demand Boosted Crude, But May Now Hurt It
01/17 CARLOS GHOSN : Ghosn lays groundwork for withdrawal as Renault CEO
More news
News from SeekingAlpha
01/17 LITHIUM INVESTING : 2018 Key Trends In The Lithium Mining Markets
01/17 WALL STREET BREAKFAST : Investors Ready For Fed-Filled Day
01/17 VW to defend global sales crown
01/15 VW shoots for U.S. model expansion
01/14 Detroit Auto Show kicks into gear
Financials (€)
Sales 2017 231 B
EBIT 2017 15 924 M
Net income 2017 11 213 M
Debt 2017 6 650 M
Yield 2017 1,94%
P/E ratio 2017 8,13
P/E ratio 2018 6,96
EV / Sales 2017 0,42x
EV / Sales 2018 0,38x
Capitalization 91 435 M
Chart VOLKSWAGEN
Duration : Period :
Volkswagen Technical Analysis Chart | VOW3 | DE0007664039 | 4-Traders
Technical analysis trends VOLKSWAGEN
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 190 €
Spread / Average Target 5,7%
EPS Revisions
Managers
NameTitle
Matthias Müller Chief Executive Officer
Hans Dieter Pötsch Chairman-Supervisory Board
Martin Hofmann Head-Group Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN8.56%112 101
TOYOTA MOTOR CORP5.45%227 675
DAIMLER4.42%97 391
BAYERISCHE MOTOREN WERKE6.36%73 604
HONDA MOTOR CO LTD1.32%65 198
GENERAL MOTORS CORPORATION7.42%62 768