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

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

Real-time Quote. Real-time Tradegate - 08/26 03:39:29 pm
123.15 EUR   +2.28%
01:35p VOLKSWAGEN : VW says sees limited impact of production stoppages on ..
01:27pDJVOLKSWAGEN : Expects Swift Return to Full Production After Supplier ..
01:04p VW LABOR BOSS S : Dpa
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST

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 friedrich.geiger@dowjones.com

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 AG
01:35p VOLKSWAGEN : VW says sees limited impact of production stoppages on staff hours
01:27pDJVOLKSWAGEN : Expects Swift Return to Full Production After Supplier Deal
01:04p VW LABOR BOSS SUGGESTS TAKING STAKES : Dpa
10:28a VOLKSWAGEN : World's first electric road opens in Sweden
09:06a VOLKSWAGEN : Stakeholders Allege Diversion of $100m BASA Fund
08:49aDJVOLKSWAGEN : VW Fixes For Diesel Cars Will Fall Short -- WSJ
02:52a VOLKSWAGEN : German prosecutors review stolen Bosch data for VW dieselgate clues
01:13a VOLKSWAGEN : Judge in VW emissions scandal presses for settlement for 3-litre ca..
08/25 VOLKSWAGEN : VW reaches tentative deal to compensate US dealerships
08/25DJVOLKSWAGEN : Reaches Pact With U.S. Franchise Dealers Hurt by Emissions Scandal
More news
Sector news : Auto & Truck Manufacturers - NEC
03:04p MAZDA MOTOR : recalling 190,000 CX-7 vehicles in U.S.
02:15pDJTATA MOTORS : Jaguar Land Rover Drags on Profit at Tata Motors
01:43p TAKATA SHORTLISTS DAICEL, KKR, NINGB : sources
01:16pDJTATA MOTORS : April-June Net Profit Falls 57%
01:04p VW LABOR BOSS SUGGESTS TAKING STAKES : Dpa
More sector news : Auto & Truck Manufacturers - NEC
News from SeekingAlpha
08/25 Volkswagen expected to announce deal with U.S. dealers
08/24 Lamborghini talks EVs and self-driving SUV (?)
08/23 Volkswagen nears deal with key suppliers
08/22 CHANGE IN THE CAR INDUSTRY ACCELERAT : Who Needs A Steering Wheel? Ford Doesn't
08/22 On-demand test drive concept given a run in L.A.
Advertisement
Financials (€)
Sales 2016 210 610 M
EBIT 2016 11 009 M
Net income 2016 8 018 M
Debt 2016 27 051 M
Yield 2016 2,03%
P/E ratio 2016 7,23
P/E ratio 2017 5,71
EV / Sales 2016 0,43x
EV / Sales 2017 0,36x
Capitalization 62 466 M
More Financials
Chart VOLKSWAGEN AG
Duration : Period :
Volkswagen AG Technical Analysis Chart | VOW3 | DE0007664039 | 4-Traders
Full-screen chart
Technical analysis trends VOLKSWAGEN AG
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 32
Average target price 144 €
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates 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
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
VOLKSWAGEN AG-8.30%71 646
TOYOTA MOTOR CORP-17.35%203 325
DAIMLER AG-21.15%74 926
BAYERISCHE MOTOREN WER..-21.93%56 630
HONDA MOTOR CO LTD-19.10%55 692
GENERAL MOTORS COMPANY-7.26%49 638
More Results