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 : Truck & Bus Sees Profit Boost From Stronger Europe Sales

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/20/2017 | 03:51pm CET

By William Boston

MUNICH--Volkswagen AG's truck and bus division expects a boost in profit this year on the back of stronger sales in Europe and China as well as a slight recovery in Brazil, company officials said Monday.

The company also unveiled plans to offer a service for its customers and other partners which can digitally connect vehicles.

Volkswagen Truck & Bus just ended its first year as a standalone company, grouping Volkswagen's utility vehicles operations and truck makers Scania and MAN. In its first year, the truck division generated 1.3 billion euros ($1.39 billion) in pretax profit, an increase of 27% from the previous year. Revenue rose 4% to EUR21.3 billion from sales of around 184,000 vehicles.

Chief Executive Andreas Renschler said he expected a "significant increase" in earnings this year, after generating a return on sales of about 6.1% last year, but declined to provide a specific profit and sales outlook. Long-term, the division is targeting a pretax return on sales of around 9%.

The upbeat outlook depends on improvement in Brazil, he said, which has suffered steep declines over the past few years.

"Brazil has been an important market for us for decades," he told reporters in Munich. "We expect a slight recovery in Brazil in the second half of the year and a stronger rebound in 2018."

Volkswagen's truck business plans to invest about EUR420 million in Brazil over the next five years, Chief Finance Officer Matthias Gruendler said.

Last year, Volkswagen's truck division took a strategic stake in the U.S. truck maker Navistar International Corp. Mr. Renschler said the cooperation with Navistar was on track, but gave no new update on the developments.

Over the next few months, the company plans to roll out a new cloud-based service that will connect the company's trucks and be open for its customers and other partners. The service, called RIO, is already being tested with a fleet of 60 vehicles and goes live sometime between May and August. It will connect trucks remotely with their owners and customers while providing data for predictive analytics for use in maintenance planning and repairs. It will also allow VW to offer new digital services to its truck customers.

"We want to create an eco-system for trucks," Mr. Renschler said.

Write to William Boston at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VOLKSWAGEN
12/15 Battery suppliers struggle to keep up with demand for Porsche's Panamera
12/15 SUCCESS AROUND THE WORLD : Record year for Volkswagen Motorsport
12/15 VOLKSWAGEN : deliveries grow 11.1 percent in November
12/15 VOLKSWAGEN : Truck & Bus launches its corporate website
12/15 Australia cobalt rush accelerates on electric vehicle demand, DRC troubles
12/14 VOLKSWAGEN : VW says some employees cooperated with Brazil's military regime
12/14 VOLKSWAGEN : VW says some employees cooperated with Brazil's military regime
12/14 VOLKSWAGEN : says some employees cooperated with Brazil's military regime
12/14 VOLKSWAGEN : comes to terms with its past in Brazil
12/14 PSA, Toyota lead European car sales gain, helped by extra selling day
More news
News from SeekingAlpha
12/15 Another Week, Another EV Battery Factory Announced In Hungary
12/12 Volkswagen brand posts big month
12/12 The Only Good Three Ideas From Barron's
12/12 Audi to keep Ducati brand
12/11 BMW Will Be The First To Go
Financials (€)
Sales 2017 231 B
EBIT 2017 16 000 M
Net income 2017 11 255 M
Debt 2017 22 841 M
Yield 2017 2,06%
P/E ratio 2017 7,58
P/E ratio 2018 6,54
EV / Sales 2017 0,47x
EV / Sales 2018 0,39x
Capitalization 84 790 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 32
Average target price 183 €
Spread / Average Target 8,0%
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$)
VOLKSWAGEN27.22%99 619
TOYOTA MOTOR CORP1.29%201 797
DAIMLER0.24%89 256
BAYERISCHE MOTOREN WERKE-3.15%65 567
HONDA MOTOR CO LTD10.91%60 822
GENERAL MOTORS CORPORATION18.83%58 166