20.12.2021 Vitesco Technologies Group AG  DE000VTSC017

DGAP-Adhoc: Vitesco Technologies Group AG: Recognition of provisions in the context of possible compensation obligations towards Continental AG in connection with the diesel investigations


 

DGAP-Ad-hoc: Vitesco Technologies Group AG / Key word(s): Miscellaneous/Annual Results
Vitesco Technologies Group AG: Recognition of provisions in the context of possible compensation obligations towards Continental AG in connection with the diesel investigations

20-Dec-2021 / 16:03 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.


Vitesco Technologies Group AG: Recognition of provisions in the context of possible compensation obligations towards Continental AG in connection with the diesel investigations

Regensburg, December 20, 2021. Vitesco Technologies Group AG will recognize a provision in the fourth quarter in the amount of 80 million euros in connection with possible compensation obligations from the group separation agreement with Continental AG. This will have a corresponding negative impact on the consolidated results of Vitesco Technologies.

Pursuant to the agreements between Vitesco Technologies and Continental AG in the course of the spin-off, Vitesco Technologies is obliged to indemnify companies of the Continental group against expenses and liabilities attributable to the businesses transferred to Vitesco Technologies. This may include, among other things, potential fines and other costs, in particular legal fees. So far, no claims have been asserted by Continental AG in this regard. The timing and actual amount of any required compensation payments therefore remain undetermined.

Based on its assessment of the current status of the investigations conducted by the public prosecutor's offices in Hanover and Frankfurt am Main against Continental AG in connection with the alleged use of illegal defeat devices in diesel engines and an assessment of the costs incurred so far in this regard, the Executive Board of Vitesco Technologies Group AG expects it to be increasingly probable that Continental AG will assert claims against the company under the existing indemnification agreement.


20-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Vitesco Technologies Group AG
Siemensstraße 12
93055 Regensburg
Germany
Phone: +49 941 2031 0
E-mail: [email protected]
Internet: www.vitesco-technologies.com
ISIN: DE000VTSC017
WKN: VTSC01
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1260179

 
End of Announcement DGAP News Service

1260179  20-Dec-2021 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 0,00 9.143,10 9.092,50 8.027,70 8.348,50 9.070,00 9.233,20
EBITDA1,2 0,00 6,00 179,80 252,90 523,90 700,30 748,10
EBITDA-Marge3 0,00 0,07 1,98 3,15 6,28 7,72
EBIT1,4 0,00 184,20 -635,20 -324,30 39,50 143,30 172,20
EBIT-Marge5 0,00 2,01 -6,99 -4,04 0,47 1,58 1,87
Jahresüberschuss1 0,00 106,50 -639,90 -363,20 -122,00 23,60 -96,40
Netto-Marge6 0,00 1,16 -7,04 -4,52 -1,46 0,26 -1,04
Cashflow1,7 0,00 679,60 692,50 -5,90 418,90 592,10 629,00
Ergebnis je Aktie8 0,00 2,66 -15,99 -9,08 -3,05 0,59 -2,41
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
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: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Vitesco Technologies
WKN Kurs in € Einschätzung Börsenwert in Mio. €
VTSC01 66,800 2.673,42
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,29 26,20 0,62 -21,60
KBV KCV KUV EV/EBITDA
0,94 4,25 0,29 4,37
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,25 0,37 24.04.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
08.05.2024 13.08.2024 14.11.2024 14.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,65% -16,44% -14,58% 5,03%
    
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