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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen    VOW3   DE0007664039

VOLKSWAGEN

(VOW3)
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Volkswagen : Sales Edged Up in 2018 Despite Weak 2nd Half

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01/11/2019 | 05:17am EDT

By Nathan Allen

Volkswagen AG (VOW.XE) said Friday that its global sales in 2018 rose slightly on year, despite an adverse economic situation in the second half of the year, which weighed on demand.

The German auto maker said global sales in 2018 rose by 0.9% to 10.8 million vehicles. However, December sales fell by 8.4% to 916,200 units.

Volkswagen pointed to the trade dispute between China and the U.S. and the WLTP emissions-testing protocol in Europe as reasons for the weaker performance toward the end of the year.

Sales in China fell by around 13% in December and by 5.6% in Europe, Volkswagen said.

Brazil was the best performing region in December, with sales growth of more than 50%.

"The reluctance to buy on the part of consumers had a negative impact on the entire automobile market, which contracted for the first time after many years in 2018," the company said.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.24% 4.3626 Delayed Quote.-1.75%
VOLKSWAGEN 1.21% 147.66 Delayed Quote.5.04%
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Financials (€)
Sales 2019 243 B
EBIT 2019 17 352 M
Net income 2019 13 456 M
Finance 2019 24 696 M
Yield 2019 4,02%
P/E ratio 2019 5,45
P/E ratio 2020 5,10
EV / Sales 2019 0,20x
EV / Sales 2020 0,17x
Capitalization 73 719 M
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 192 €
Spread / Average Target 32%
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Managers
NameTitle
Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Member-Supervisory Board
Bernd Osterloh Member-Supervisory Board
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