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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN (VOW3)
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VW to pay increased 4,100-euro bonus to German staff: document

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03/08/2018 | 09:17am CEST
The 88th Geneva International Motor Show

BERLIN (Reuters) - Volkswagen will increase bonus payments to its staff in Germany by over 40 percent after the carmaker posted record profit and sales last year, a labor union publication showed.

BERLIN (Reuters) - Volkswagen will increase bonus payments to its staff in Germany by over 40 percent after the carmaker posted record profit and sales last year, a labor union publication showed.

The annual bonus for 2017 will be raised to 4,100 euros ($5,088.10) per worker from 2,905 euros a year earlier, according to the publication seen by Reuters that will be distributed to staff on Thursday. The bonus will affect about 120,000 workers in Volkswagen's (VW) home market.

VW group profit nearly doubled in 2017 to 13.8 billion euros with sales up 6 percent to a new record even as the carmaker shoulders a costly shift to electric and self-driving cars while grappling with the costs for its emissions scandal.

"Employees had a major share (in the fact) that the VW brand, despite all adversities, is in a much better position today," VW brand chief executive Herbert Diess was quoted as saying in the newsletter.

(Reporting by Andreas Cremer; Editing by Edward Taylor)

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Financials (€)
Sales 2018 239 B
EBIT 2018 16 509 M
Net income 2018 12 393 M
Finance 2018 25 566 M
Yield 2018 3,60%
P/E ratio 2018 6,15
P/E ratio 2019 5,38
EV / Sales 2018 0,20x
EV / Sales 2019 0,17x
Capitalization 73 651 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 199 €
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Martin Hofmann Head-Group Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
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