#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
Statement of the Executive Committee of the Supervisory Board of Volkswagen AG
The Executive Committee of the Supervisory Board of Volkswagen AG declares after today's meeting, which was convened at short notice:
Press Release
Group deliveries fall in August
In August, there was a drop of 3.1 percent in deliveries by the Volkswagen Group compared with August 2018 to 848,600 vehicles. As expected, fewer vehicles were delivered in Europe compared with the same month last year, when deliveries were especially high as a result of WLTP. 316,500 customers took delivery of a new Group vehicle in Europe, representing a drop of 3.4 percent. In the regions of North America (+3.3 percent) and South America (+3.9 percent), Volkswagen Group deliveries rose compared with August 2018, while the Asia-Pacific region reported a drop of 4.8 percent. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “The Volkswagen Group continued to perform well in a challenging market environment in August, with a slight rise in its global market share. On a positive note, we once again increased our market share in China, our largest market, significantly.”
Press Release
Volkswagen Group delivers fewer vehicles in July
In July, there was a drop of 2.4 percent in deliveries by the Volkswagen Group compared with July 2018, to 886,100 vehicles. In Europe, deliveries fell by 3.6 percent to 393,600 vehicles. This development had been expected as deliveries in July 2018 had been especially high as a result of the WLTP changeover. In the regions of North America (-0.9 percent) and Asia-Pacific (-0.3 percent), deliveries were slightly below the levels for July 2018. There was a pos-itive development in South America (+3.2 percent) compared with the same month last year. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “The Volkswagen Group has made a solid start to the second half of the year and has once again slightly increased its market share in a global market that is generally shrinking. It is especially gratifying to note that we have grown in our most important market, China, despite the general downward trend in the market.”
Press Release
Volkswagen Group boosts sales revenue and profit in first half of year
The Volkswagen Group has confirmed its targets before special items for the year as a whole. In the first six months of the current financial year, the sales revenue of the Volkswagen Group grew by 4.9 percent to €125.2 (119.4) billion compared with the first half of 2018. Despite the negative development in volumes, sales revenue was boosted especially as a re-sult of improvements in the mix and price positioning in the passenger cars business area as well as the good business development in the Financial Services Division and at TRATON. The operating profit before special items improved by 1.9 percent to €10.0 (9.8) billion and operating return on sales before special items amounted to 8.0 (8.2) percent. Improvements in the mix and price positioning as well as lower special items compared with the previous year were more than sufficient to compensate for higher fixed costs, negative currency trends and lower vehicle sales. As a result, the operating profit of the Volkswagen Group in the first half of 2019, at €9.0 (8.2) billion, was 10.3 percent higher than the figure recorded for the first half of 2018. The operating return on sales rose to 7.2 (6.8) percent. The profit of the Chinese joint venture companies, which is included in the result of equity-accounted investments, fell only slightly in a shrinking general market. The pre-tax profit rose by 6.5 percent to €9.6 (9.0) billion. The net liquidity in the Automotive Division was €15.9 billion. Frank Witter, Member of the Board of Management of Volkswagen AG responsible for Finance, said: “In the first half of the year, the Volkswagen Group performed very well in a generally weaker overall market. The development of sales revenue and profit in the first six months is gratifying. We also confirm our outlook for the Volkswagen Group for the year as a whole.”
Press Release
Ford – Volkswagen expand their global collaboration to advance autonomous driving, electrification and better serve customers
Ford Motor Company and Volkswagen AG today announced they are expanding their global alliance to include electric vehicles – and will collaborate with Argo AI to in-troduce autonomous vehicle technology in the U.S. and Europe – positioning both companies to better serve customers while improving their competitiveness and cost and capital efficiencies.
Press Release
Volkswagen Group boosts deliveries in June
In June, there was a rise of 1.6 percent in deliveries by the Volkswagen Group compared with June 2018, to 974,400 vehicles. This positive development was chiefly driven by Chi-na, where 15 percent more vehicles than in June 2018 were handed over to customers. The new emissions standard C6 has applied since July 1, 2019, which led customers to bring purchases forward to June. There had been similar effects in Europe in June 2018. Vehicle deliveries in this region had reached a high level as a result of WLTP last June; as expected, there was therefore a fall (-4.8 percent) in June 2019. In North America (-0.5 percent) deliv-eries were slightly below those of the same month last year, South America (-0.1 percent) developed almost unchanged. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “In June, the brands of the Volkswagen Group achieved good performance and boosted deliveries in overall markets that continued to shrink. In China, we benefited especially strongly from the positive impetus given by the changeover in emissions standards. It remains to be seen whether this will lead to a general turnaround there. All in all, we can look back on a successful first half of the year: the Group has maintained its position in a challenging market environment and expanded its global market share.”
Press Release
Volkswagen Group expands market share in May
In May, there was a fall in deliveries by the Volkswagen Group compared with May 2018, but the decrease was lower than in previous months at 3.6 percent. In total, 918,900 cus-tomers throughout the world took delivery of a vehicle from a Group brand. Growth was achieved in some key European markets (Germany +4.6 percent, France +2.7 percent, Italy +2.7 percent), and in the regions of North America (+4.3 percent) and South America (+5.8 percent). However, these rises were insufficient to compensate in full for falls in other re-gions, especially Asia-Pacific (-9.4 percent). Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “In May, our brands asserted their position in shrinking overall markets and slightly increased the global market share. Deliveries developed in different ways in the various markets. In Europe, we almost reached the high level of the previous year and recorded growth in some key markets including Germany. Positive impetus came from North and South America, but this was insufficient to compensate for the continuing weakness of the overall market in our largest single market, China. It is gratifying to note that we once again significantly increased our market share in China.”
Press Release
Group-wide deliveries fall in April
The Volkswagen Group delivered 866,400 vehicles in April, 6,6 percent below the figure for April 2018. In the month under review, all core regions recorded declines in the overall market. This was a result of the sluggish economy in some markets and the tense geopoliti-cal situation in other markets. Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “In many major countries, the overall market experienced a downturn in April. In our largest single market of China, the customers of many brands continued to be reluctant to purchase despite the reduction in the VAT rate. The Volkswagen Group was not immune to this trend. Over the next few months, we will be introducing key new models and continue to look forward rather more optimistically to the second half of the year.”
Press Release
Shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on increased dividend for 2018
At the Annual General Meeting 2019, the shareholders of Volkswagen Aktiengesellschaft voted by a majority of 99.98 percent to approve the recommendation of the Board of Management and the Supervisory Board to pay a dividend of 4.80 (3.90) EUR per ordinary share and 4.86 (3.96) EUR per preferred share for fiscal year 2018. Approximately 2.4 billion (2.0 billion) EUR will therefore be distributed to shareholders. The ordinary shareholders deferred formal approval of the actions of Rupert Stadler for fiscal year 2018 on account of the still ongoing investigations into the diesel issue. The resolution on the formal approval of the actions of all other members of the Board of Management and the Supervisory Board who held office in 2018 was passed by 94.95 percent of the ordinary shareholders represented at the Annual General Meeting.
Ad hoc
The Board of Management of Volkswagen AG, with the approval of the Supervisory Board, decided in principle today to carry out an IPO of TRATON SE
Press Release
Annual General Meeting of Volkswagen AG has neutral carbon footprint
Press Release
The Volkswagen Group boosts sales revenue and earnings in the first quarter
The Volkswagen Group confirms full-year targets for deliveries to customers, sales revenue and operating profit before special items. Sales revenue of the Volkswagen Group rose 3.1 percent year-on-year to EUR 60.0 billion in the first three months of the current fiscal year. The rise, which occurred despite the decline in volumes of deliveries to customers, was mainly the result of mix improvements and the healthy business performance in the Finan-cial Services Division. At EUR 11.7 (11.6) billion, operating profit was in line with the previ-ous year. Operating profit before special items increased by EUR 0.6 billion to EUR 4.8 billion. The operating return on sales before special items rose to 8.1 (7.2) percent. Positive effects arising from the fair value measurement of gains and losses on certain de-rivatives, improvements in the mix and price positioning and the favorable exchange rate trend more than offset the rise in fixed costs and lower vehicle sales. Negative special items arising from legal risks in the amount of one billion euros reduced operating profit, which declined year-on-year by EUR 0.3 billion to EUR 3.9 billion. The share of profits or losses of equity-accounted investments and the share of profits and losses of the Chinese joint ven-tures included in that amount were on a par with the previous year at EUR 800 million. Profit before tax was down on the prior-year period, at EUR 4.1 (4.5) billion. Net liquidity in the Automotive Division amounted to EUR 16.0 billion.
Press Release
Volkswagen Group wins further market shares
The Volkswagen Group handed over 998,900 vehicles to customers worldwide in March, corresponding to a fall of 4.3 percent compared with March 2018. In Europe (+0.6 percent) and North America (+3.7 percent), more customers took delivery of a vehicle from one of the Group brands than in the same month last year. However, this could not compensate for lower deliveries in the Asia-Pacific region (-9.9 percent) and South America (-10.2 percent). Dr. Christian Dahlheim, Head of Volkswagen Group Sales, commented: “As was the case in the first two months of the year, the Volkswagen Group again performed better than the global market in March and won further market shares. This confirms the great appeal of our brands and their products. We ended what was, as expected, a challenging first quarter with deliveries exceeding 2.6 million vehicles and high order backlogs, and are somewhat more optimistic, particularly as regards the second half of the year.”
Press Release
Volkswagen Group boosts market shares in February
In February, the Volkswagen Group handed 724,400 vehicles over to customers throughout the world, corresponding to a fall of 1.8 percent compared with February 2018. Volkswagen developed better than the overall world market, which continues to shrink, and the Group once again won market shares. This was the case in the regions of Western Europe, South America and Asia-Pacific. In the largest single market of China, deliveries fell significantly compared with the previous year (-7.4 percent), but the Group still performed better than the overall market, which remained weak. Dr. Christian Dahlheim, Head of Volkswagen Group Sales: “In February, the Volkswagen Group delivered slightly fewer vehicles than last year, but we were able to gain market shares in a shrinking overall market. Despite the market environment, which continues to be challenging as expected, we have therefore continued our solid start to the new year. With our broad-based product offensive, we are confident that we will once again record a slight increase in deliveries this year”. In 2019, the brands of the Volkswagen Group will launch over 90 new models.