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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 EST

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

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Financials (€)
Sales 2018 237 B
EBIT 2018 15 040 M
Net income 2018 11 750 M
Finance 2018 24 927 M
Yield 2018 3,53%
P/E ratio 2018 6,05
P/E ratio 2019 5,22
EV / Sales 2018 0,20x
EV / Sales 2019 0,18x
Capitalization 73 287 M
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Technical analysis trends VOLKSWAGEN
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 197 €
Spread / Average Target 36%
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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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