VOLKSWAGEN AKTIENGESELLSCHAFT
ISIN: DE0007664039
WKN: 766403
27 September 2024 06:31PM

EQS-Adhoc: VOLKSWAGEN AKTIENGESELLSCHAFT: Volkswagen AG updates its forecast for the 2024 financial year

VOLKSWAGEN AKTIENGESELLSCHAFT · ISIN: DE0007664039 · EQS - adhoc news
Country: Germany · Primary market: Germany · EQS NID: 1997727

EQS-Ad-hoc: VOLKSWAGEN AKTIENGESELLSCHAFT / Key word(s): Change in Forecast
VOLKSWAGEN AKTIENGESELLSCHAFT: Volkswagen AG updates its forecast for the 2024 financial year

27-Sep-2024 / 18:31 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.


In light of a challenging market environment and developments that have fallen short of original expectations, particularly at the brands Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Tech. Components, Volkswagen AG is updating its forecast for the 2024 financial year as follows:

The company now expects deliveries to customers to be around 9 million vehicles (2023: 9.24 million vehicles; previous forecast: increase of up to 3 percent). Volkswagen now expects Group sales revenue to be around 320 billion euros (2023: 322.3 billion euros; previous forecast: increase of up to 5 percent).

In terms of operating result, the company now expects to achieve a figure of around 18 billion euros (corresponding to an operating return on sales of around 5.6 percent; previously: operating return on sales of 6.5 to 7.0 percent). The adjustment of the forecast is mainly due to developments at the brands Volkswagen Passenger Cars, Volkswagen Commercial Vehicles and Tech. Components, which have fallen short of original expectations. In addition, a deterioration in the macroeconomic environment is having a negative impact, which could result in further risks, particularly for the Brand Group Core. In the Financial Services Division, a difficult business environment outside of Europe has led to an adjustment of the forecast. Furthermore, the company no longer expects to be able to compensate for the negative effect of around 0.2 billion euros from the deconsolidation of Volkswagen Bank Rus in the further course of the fiscal year. For the financial year 2024, the Financial Services Division is now expected to achieve an operating result in the magnitude of 3.2 billion euros (previously: in the magnitude of 4 billion euros).

This forecast takes into account the effects of fair value measurements of hedging instruments that have accrued in the year to date and the unplanned expenses of around 2.6 billion euros for the full year 2024 as announced in the ad-hoc release on July 9, 2024.

Volkswagen AG now expects the net cash flow of the Automotive Division to reach a figure of around 2 billion euros (previously: 2.5 to 4.5 billion euros). This forecast includes the assumption of expenses for M&A activities in the amount of around 3.5 billion euros, of which approximately 2 billion euros is attributable to expenses in connection with the planned joint venture with Rivian. Net liquidity in the Automotive Division is expected to be in the range of 36 to 37 billion euros in 2024 (previously: 37 to 39 billion euros).

The report on the interim financial statements as of September 30, 2024 will be published on October 30, 2024. Definitions of operating profit, net cash flow and net liquidity can be found in the 2023 Annual Report on pages 100ff.

 



End of Inside Information

27-Sep-2024 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: 1997727

 
End of Announcement EQS News Service

1997727  27-Sep-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1997727&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

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
©boersengefluester.de
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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