#Finance
Sustainable value creation is at the core of the Volkswagen Group's priorities. The Group's management model assigns clear responsibility to each brand for financial targets, strategy, and brand identity. Each brand has also launched its own results program.
188 contents with this tag
Press Release
Volkswagen Group with positive business performance in 2019
The Volkswagen Group has completed fiscal year 2019 successfully. Sales revenue in-creased by EUR 16.8 billion to EUR 252.6 billion and operating profit before special items rose to EUR 19.3 (17.1) billion. At 7.6 (7.3) percent, the operating return on sales before special items slightly exceeded the forecasted range for 2019. Operating profit also improved to EUR 17.0 (13.9) billion. Negative special items in connection with diesel decreased to EUR 2.3 (3.2) billion. In the Automotive Division, net cash flow increased markedly to EUR 10.8 (-0.3) billion, with net liquidity reaching EUR 21.3 (19.4) billion. Board of Management and Supervisory Board propose an increase of the dividend to EUR 6.50 (4.80) per ordinary share and EUR 6.56 (4.86) per preferred share. This would raise the payout ratio to 24.5 (20.4) percent.
Ad hoc
TRATON submits proposal to acquire all shares in Navistar International Corporation
Press Release
TRATON with strong vehicle sales in 2019
In 2019, TRATON SE in its Industrial Business sold 242,200 vehicles of the MAN, Scania, and Volkswagen Caminhões e Ônibus brands, exceeding the prior-year figure by 4%. This positive development was driven among other things by high demand for trucks in Europe in the first half of the year and a sharp increase in demand in Brazil. However, the market for trucks cooled further in the course of the year, especially in Europe (EU28+2). That is reflected by the fact that the Group’s order intake declined during the year, falling by 7% compared to 2018.
Press Release
Volkswagen Group records higher deliveries in 2019
Despite shrinking overall markets, the Volkswagen Group grew its worldwide deliveries by 1.3 percent to 10,974,600 vehicles in 2019. Market shares were expanded in all regions, in some cases significantly. Volume growth was achieved in Europe (+3.9 percent) and South America (+3.2 percent) while there were slight falls in North America (-0.5 percent) and Asia-Pacific (-0.4 percent). Strong growth was recorded with electric vehicles. As a re-sult of many new models within the framework of the Group’s electric offensive and grow-ing interest on the part of customers, there was a rise of around 80 percent to more than 140,000 vehicles.
Press Release
Volkswagen and diconium further expand their corporation
The Volkswagen Group and the founding shareholders of diconium have agreed on the acquisition by Volkswagen of the remaining shares in diconium. By acquiring all of the shares in the company, Volkswagen is strengthening its capabilities in the field of digital sales solutions. These include the development of a global online sales platform which will allow customers of all Group brands to purchase and manage digital services and on demand functions for their fully connected vehicles in the future. For this purpose, diconium will be contributing its key know-how to the Car.Software organization of the Volkswagen Group, which is responsible for developing software for the vehicle, digital ecosystems and customer-oriented functions for sales across the Group brands. The completion of the transaction is still subject to approval by the anti-trust authorities.
Press Release
Volkswagen Group again delivers more vehicles in November
In November, the Volkswagen Group delivered 988,800 vehicles to customers throughout the world, corresponding to a rise of 5.1 percent compared with November 2018. The Group therefore once again grew its market share in all key regions, in some cases considerably. The regions concerned included China, the Group’s largest single market. The Group boosted deliveries there by 5.1 percent despite shrinkage in the overall market. Significant growth was also recorded in Europe (+6.4 percent) and Germany (+9.1 percent). These rises were markedly higher than the moderate falls as a result of WLTP in November 2018. The Volkswagen Group also succeeded in expanding its market shares in the regions of North and South America. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “In November, the brands of the Volkswagen Group once again showed strong delivery performance. For the period from January to November, we exceeded the prior-year level for the first time this year, despite considerable adverse effects from the markets. We are confident that we will bring 2019 to a successful close.”
Press Release
Volkswagen strengthens new software organization
Volkswagen strengthens its Car.Software organization with its Group responsibility for in-car software. Starting January 1, 2020, the Car.Software organization will operate as an in-dependent business unit. As a Group company, the Car.Software organization will centralize the associates and subsidiaries within the Group that develop car software and software for the digital ecosystems. Initially, around 3,000 digital experts from the software-related associates and subsidiaries will be grouped together in this unit. The Car.Software organization will be based at Audi Electronics Venture GmbH, and will incorporate other German sites, for example in Berlin, Bochum, the Ingolstadt area, the Stuttgart area, and in Wolfsburg. International locations of the software organization include Seattle and Beijing. Going forward, digital experts from the different Group brands and regions will also work together under the mantle of the Car.Software organization.
Press Release
Strong deliveries for Volkswagen Group in October
The Volkswagen Group delivered 949,800 vehicles to customers worldwide in October, corresponding to a significant rise of 12.2 percent compared with October 2018. The Group further expanded its market share in all core regions, in some cases quite substantially. This was the case, for example, in China, the Group’s largest single market, where Group brands grew deliveries 6.6 percent despite a shrinking overall market. Strong increases were once again recorded in Europe (+25.5 percent) and Germany (+41.5 percent) compared with the weaker performance in October 2018 as a result of WLTP. The Volkswagen Group also succeeded in expanding its market shares in the regions of North and South America in shrinking overall markets. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “The Volkswagen Group brands produced a strong delivery performance in October. We outperformed the market in all core regions and once again substantially expanded our market shares, especially in China, our largest market. It is also pleasing to see that we made noticeable gains in our home market of Germany over and above making up the ground lost a year ago as a result of WLTP.”
Press Release
Volkswagen confirms strategic financial targets of Together 2025+
The Volkswagen Group has in principle confirmed the strategic targets set out in its strategy Together 2025+ for operating return on sales, return on investment, capex ratio and R&D cost ratio, net cashflow and net liquidity within the Planning Round 68. “We are continuing to pursue our ambitious strategic financial targets for 2020 and 2025. We also confirm our outlook for 2019. The Volkswagen Group remains very robust in the face of increasingly difficult economic conditions. However, we will have to apply systematic cost discipline to reach our long-term goals,” Frank Witter, the member of the Volkswagen Group Board of Management responsible for Finance and IT, said in describing the impact of Planning Round 68 on the strategic financial targets.
Press Release
Volkswagen investing strongly in the future
The Volkswagen Group is continuing to invest strongly in its future. As part of Planning Round 68, the investment plan for 2020 to 2024* has been drawn up. The plan was dis-cussed during today’s meeting of the Supervisory Board and approved. The Group plans to spend nearly EUR 60 billion on the future areas of hybridization, electric mobility and digitalization in the next five years. This amounts to slightly more than 40 percent of the company’s investments in property, plant and equipment and all research and development costs during the planning period. Compared with the Group’s last Planning Round, it represents an increase of around 10 percentage points. The Group intends to invest around EUR 33 billion of this figure in electric mobility alone.
Press Release
Volkswagen increases sales revenue and profit
In the first nine months of the current financial year, the Volkswagen Group continued to perform well in a difficult market environment. Between January and September sales reve-nue grew by 6.9 percent year-on-year to EUR 186.6 (174.6) billion. Operating profit before special items increased significantly by 11.2 percent to EUR 14.8 (13.3) billion, mainly due to improvements in the mix and in the fair value on derivatives. The operating return on sales before special items stood at 7.9 (7.6) percent. Special items, which were due to legal risks in connection with the diesel issue, amounted to EUR -1.3 (-2.4) billion after nine months. Operating profit (after special items) improved by 24.5 percent to EUR 13.5 (10.9) billion, bringing the operating return on sales up to 7.3 (6.2) percent. Profit before tax rose by 16.9 percent to EUR 14.6 billion.
Press Release
Volkswagen Group delivers more vehicles in September
In September, the Volkswagen Group delivered 904,200 vehicles to customers throughout the world, corresponding to a significant rise of 9.2 per-cent compared with September 2018. In a shrinking overall global market, the Group continued to significantly expand its market shares. As expected, this development was driven by Europe (+31.0 percent) and Germany (+58.1 percent). Here, deliveries had been at an unusually low level in September 2018 as a result of restricted vehicle availability following the changeover to the new WLTP type approval procedure. In the regions of North America and Asia-Pacific, the Volkswagen Group succeeded in slightly expanding its market shares in shrinking overall markets. In South America, the Group markedly boosted deliveries in contrast to the decreasing overall market and therefore significantly expanded its market share. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “In the current economic and geopolitical environment, which is tense, our strong brands are once again proving to be especially valuable. They offer our customers security for their purchasing decisions and therefore lay the foundation for the continual expansion of our global market share.”
Press Release
Volkswagen AG considers the indictment by the Braunschweig Public Prosecutor’s Office to be unfounded
Volkswagen AG considers the indictment of the company for alleged market manipulation as a result of an alleged failure to make an ad hoc disclosure in connection with the diesel issue in the United States in 2015 to be unfounded and strongly rejects the allegations by the Braunschweig Public Prosecutor’s Office.
Press Release
Volkswagen Supervisory Board: Board of Management and Supervisory Board Chairmen to remain in office
The Chairman of the Board of Management of Volkswagen AG, Dr. Herbert Diess, and the Chairman of the Supervisory Board, Hans Dieter Pötsch, are to remain in office. This was unanimously decided today by the company’s Supervisory Board in an extraordinary meeting.