VOLKSWAGEN AKTIENGESELLSCHAFT
ISIN: DE0007664039
WKN: 766403
20 October 2023 06:10PM

EQS-Adhoc: VOLKSWAGEN AKTIENGESELLSCHAFT: Volkswagen AG publishes preliminary key figures for the statement as per 30 September 2023 and updates forecast for fiscal year 2023

VOLKSWAGEN AKTIENGESELLSCHAFT · ISIN: DE0007664039 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1754255

EQS-Ad-hoc: VOLKSWAGEN AKTIENGESELLSCHAFT / Key word(s): Change in Forecast
VOLKSWAGEN AKTIENGESELLSCHAFT: Volkswagen AG publishes preliminary key figures for the statement as per 30 September 2023 and updates forecast for fiscal year 2023

20-Oct-2023 / 18:10 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Based on preliminary figures, the Volkswagen Group recorded the following development of key financial indicators in Q3 2023 and the first nine months 2023: 

Group sales revenue improved by 12 percent to around EUR 78.8 billion in Q3 2023. Operating result came in at around EUR 4.9 billion. The operating return on sales was around 6.2 percent. The fair value measurement of hedging instruments outside hedge accounting had no noteworthy impact on quarterly earnings (previous year: EUR -0.1 billion). Operating results in the Passenger Cars business area benefited amongst other factors from significantly higher volumes. Counteracting effects in particular resulted from a production shortfall of a supplier as a consequence of the flooding in Slovenia and increased product costs, especially at Brand Group Core.

Based on preliminary figures, net cash flow in the Automotive Division in Q3 2023 was around EUR 2.5 billion (Q3 2022: around EUR 3.3 billion). Net cash flow was held back by cash outflows from tax payments for past assessment periods of around EUR -1.5 billion. Net liquidity in the Automotive Division at September 30, 2023 was around EUR 36.7 billion.

In the nine-month period, Group sales revenue increased by around 16 percent to approximately EUR 235.1 billion. Operating profit was around EUR 16.2 billion, corresponding to an operating return on sales of 6.9 percent. This includes effects from the fair value measurement of hedging instruments outside hedge accounting amounting to EUR -2.5 billion. Excluding these non-cash effects, operating profit would have been EUR 18.7 billion and the operating return on sales 8.0 percent. Net cash flow in the Automotive Division after nine months was around EUR 4.9 billion.

Volkswagen AG is updating its forecast for fiscal year 2023 as follows: The company continues to anticipate that deliveries to customers will stand between 9 and 9.5 million vehicles. Volkswagen continues to expect Group sales revenue to be 10 to 15 percent higher than the prior-year figure. The further development of the commodity markets remains unpredictable. With regard to the effects of the fair value remeasurement of hedging transactions outside hedge accounting on operating result, from today’s perspective the company does no longer expect to be able to compensate for the effects of EUR -2.5 billion accounted for in the first nine months by the end of the year. As a result, the company now expects operating result for the full year 2023 to be around the level of the previous year before special items, which was around EUR 22.5 billion (previously: operating return on sales between 7.5 and 8.5 percent). This forecast includes the effects of the fair value remeasurement of hedging instruments accumulated in the first nine months of the year. Volkswagen AG continues to anticipate a significant to strong year-on-year increase in net cash flow of the Automotive Division. Net liquidity in the Automotive Division is still expected to be between EUR 35 billion and EUR 40 billion.

The full report on the interim financial statements as of September 30, 2023 will be published on October 26, 2023. Definitions of operating profit, net cash flow and net liquidity can be found on pages 107 et seqq. of the 2022 Annual Report.



End of Inside Information

20-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: VOLKSWAGEN AKTIENGESELLSCHAFT
Berliner Ring 2
38440 Wolfsburg
Germany
Phone: +49 (0)5361 9 - 49015
Fax: +49 (0)5361 9 - 30411
E-mail: lars.korinth@volkswagen.de
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
EQS News ID: 1754255

 
End of Announcement EQS News Service

1754255  20-Oct-2023 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 235.849,00 252.632,00 222.884,00 250.200,00 279.232,00 322.284,00 336.500,00
EBITDA1,2 26.707,00 29.706,00 24.462,00 31.609,00 37.323,00 36.513,00 0,00
EBITDA-Margin3 11,32 11,76 10,98 12,63 13,37 11,33 0,00
EBIT1,4 13.920,00 16.960,00 9.675,00 19.275,00 22.124,00 22.576,00 22.895,00
EBIT-Margin5 5,90 6,71 4,34 7,70 7,92 7,01 6,80
Net Profit (Loss)1 12.153,00 14.029,00 8.824,00 15.428,00 15.836,00 17.928,00 0,00
Net-Margin6 5,15 5,55 3,96 6,17 5,67 5,56 0,00
Cashflow1,7 7.272,00 17.983,00 24.901,00 38.633,00 28.496,00 19.356,00 0,00
Earnings per share8 23,57 26,60 16,66 29,65 29,69 31,98 10,80
Dividend per share8 4,86 4,86 4,86 26,62 8,76 9,06 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: Ernst & Young

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
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Volkswagen VZ
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
766403 DE0007664039 AG 45.060,94 Mio € 06.10.1986 Halten 9F4GCQP8+R9
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
6,83 7,06 0,97 4,45 0,25 2,30 0,14
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
8,76 9,06 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
16.05.2025 30.04.2024 01.08.2024 30.10.2024 11.03.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
+1,69%
88,80 €
ATH 262,45 €
+1,74% -12,91% -20,57% -21,11% +0,00%

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