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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen : Since 2013, Scania Ibérica has planted one tree for every vehicle sold in Spain and Portugal. The Bosque Scania – “Scania Forest” – in Rivas Vaciamadrid, close...

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10/10/2019 | 09:31am EDT
One tree planted for every vehicle sold
One tree planted for every vehicle sold

Since 2013, Scania Ibérica has planted one tree for every vehicle sold in Spain and Portugal. The Bosque Scania - 'Scania Forest' - in Rivas Vaciamadrid, close to the Spanish capital, is now filled with more than 20,000 pine, oak, cypress and almond trees.

'Scania's aim and purpose are to lead the shift towards sustainable transport. The Scania Bosque project embodies this commitment to our customers and society,' says Daniel González Torres, Marketing and Communication Manager, Scania Ibérica.

More than 23,000 tonnes of carbon absorbed
Each customer receives a certificate acknowledging their contribution to Un Scania, un árbol, in Spanish; Um Scania, uma árvore, in Portuguese. The corresponding information about carbon sequestration; which occurs when carbon dioxide is taken up by trees and other plants and stored as carbon, helping to offset carbon dioxide in the atmosphere, is included. To date, more than 23,000 tonnes of carbon have been absorbed through the tree-planting scheme.

Bosque Ambassadors
The Bosque Scania is clearly signposted along the A3 motorway and the Un Scania, un árbol logo is used in all communication activities. To further boost interest, Scania Ibérica has appointed Bosque Ambassadors, which include renown Spanish writer and speaker Álex Rovira.

This initiative has been extended to 2023 by which time the Bosque Scania will have nearly 45,000 trees.

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Disclaimer

Volkswagen AG published this content on 10 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2019 13:30:02 UTC

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Financials (EUR)
Sales 2019 245 B
EBIT 2019 17 615 M
Net income 2019 13 502 M
Finance 2019 21 484 M
Yield 2019 3,55%
P/E ratio 2019 6,23x
P/E ratio 2020 5,81x
EV / Sales2019 0,26x
EV / Sales2020 0,22x
Capitalization 84 450 M
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Number of Analysts 31
Average target price 189,78  €
Last Close Price 169,34  €
Spread / Highest target 40,5%
Spread / Average Target 12,1%
Spread / Lowest Target -25,6%
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Herbert Diess Chairman-Management Board
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Peter Mosch Deputy Chairman
Bernd Osterloh Member-Supervisory Board
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