16.04.2020 VOLKSWAGEN AG  DE0007664039

DGAP-Adhoc: VOLKSWAGEN AG: Volkswagen AG announces preliminary Q1 2020 results and with¬draws 2020 full-year out¬look due to busi¬ness im¬pacts from covid-19 pandemic


 

DGAP-Ad-hoc: VOLKSWAGEN AG / Key word(s): Miscellaneous
VOLKSWAGEN AG: Volkswagen AG announces preliminary Q1 2020 results and with¬draws 2020 full-year out¬look due to busi¬ness im¬pacts from covid-19 pandemic

16-Apr-2020 / 13:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Volkswagen AG announces preliminary Q1 2020 results and withdraws 2020 full-year outlook due to business impacts from covid-19 pandemic

The ongoing Covid-19 pandemic has also had a significant impact on Volkswagen Group's business.

As a result, the automobile retail network has largely came to a standstill. The resulting decline in customer demand and supplier bottlenecks led to production stops within the Volkswagen Group.

The aforementioned developments have a negative impact on the expected financial results of the VOLKSWAGEN Group.

Based on preliminary figures, the Volkswagen Group expects for the first quarter of 2020:

- Sales revenue of around 55 billion Euros.

- Operating profit of 0.9 billion Euros and a return on sales margin of around 1.6%. The turbulent raw material and financial markets led to significant negative fair value impacts from commodity derivatives and negative currency effects, which burdened the first quarter 2020 result by 1.3 billion Euros.

- The automotive net cash flow amounted to a negative 2.5 billion Euros. The main drivers were the weaker underlying operating result due to the pandemic and negative effects in working capital from higher inventories and lower liabilities.

- Automotive net liquidity amounted to 17.8 billion Euros.

The Volkswagen Group has already implemented extensive counter measures to reduce costs. Securing liquidity has the highest priority and optimizing working capital and prioritizing investments are key focus areas.

The Volkwagen Group is planning the phased restart of production with enhanced safety standards for the workforce. As can be seen from the positive developments in China, economic recovery during the course of the year appears possible.

Due to the current developments, the Executive Board of Volkswagen AG assumes for now that the full year outlook for 2020, which was published with the 2019 Annual Report, can no longer be achieved.

It is currently not possible to determine when a new outlook can be made for the full year. The impacts resulting from the pandemic on customer demand, the supply chain and production cannot currently be accurately forecasted.

Helen Beckermann

Head of Volkswagen Group Investor Relations


16-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: VOLKSWAGEN AG
Berliner Ring 2
38440 Wolfsburg
Germany
Phone: +49 (0)5361 9 - 49015
Fax: +49 (0)5361 9 - 30411
E-mail: [email protected]
Internet: www.volkswagenag.com/ir
ISIN: DE0007664039, DE0007664005
WKN: 766403, 766400
Indices: DAX, Euro Stoxx 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; SIX
EQS News ID: 1022917

 
End of Announcement DGAP News Service

1022917  16-Apr-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 230.682,00 235.849,00 252.632,00 222.884,00 250.200,00 279.232,00 322.284,00
EBITDA1,2 26.094,00 26.707,00 29.706,00 24.462,00 31.609,00 37.323,00 36.513,00
EBITDA-Marge3 11,31 11,32 11,76 10,98 12,63 13,37
EBIT1,4 13.818,00 13.920,00 16.960,00 9.675,00 19.275,00 22.124,00 22.576,00
EBIT-Marge5 5,99 5,90 6,71 4,34 7,70 7,92 7,01
Jahresüberschuss1 11.638,00 12.153,00 14.029,00 8.824,00 15.428,00 15.836,00 17.928,00
Netto-Marge6 5,05 5,15 5,55 3,96 6,17 5,67 5,56
Cashflow1,7 -1.185,00 7.272,00 17.983,00 24.901,00 38.633,00 28.496,00 19.356,00
Ergebnis je Aktie8 22,69 23,57 26,60 16,66 29,65 29,69 31,98
Dividende8 3,96 4,86 4,86 4,86 26,62 8,76 2,06
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
Volkswagen VZ
WKN Kurs in € Einschätzung Börsenwert in Mio. €
766403 122,840 Halten 67.115,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,77 7,29 1,19 6,16
KBV KCV KUV EV/EBITDA
0,34 3,18 0,21 0,58
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
8,76 9,06 7,38 29.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.04.2024 01.08.2024 30.10.2024 13.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
4,81% 7,73% 9,87% 0,20%
    
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