VITESCO TECHNOLOGIES GROUP AG

(VTSC)
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Delayed Xetra  -  05/27 11:35:29 am EDT
43.70 EUR   -0.09%
05/20VITESCO TECHNOLOGIES : Transcript Conference Call Q1 2022
PU
05/20VITESCO : Jefferies reiterates its Buy rating
MD
05/16VITESCO : Berenberg remains Neutral
MD
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Vitesco Open to Sale of ICE Division

01/24/2022 | 10:13am EDT

Vitesco Technologies Group Aktiengesellschaft (XTRA:VTSC) is open to selling off its internal combustion engine division, which came out of the red in 2021 after years of losses, CEO Andreas Wolf said on January 24, 2022. “If someone approached us wanting to buy that business, and it made sense for the company and workers, we would certainly do that,” Wolf said. The powertrain supplier, which in September spun off from its former parent Continental, is in the process of building up its portfolio in electric car parts and recently obtained a billion-euro order from an unnamed American manufacturer. Vitesco was seeing orders coming in for 2022, Wolf said, but it was still unclear what effect supply chain issues like chip shortages and rising raw material costs would have on how many cars automakers could produce. “There is no reason to believe that we will fall behind 2021, but we don’t expect any leaps,” Wolf said.


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All news about VITESCO TECHNOLOGIES GROUP AG
05/20VITESCO TECHNOLOGIES : Transcript Conference Call Q1 2022
PU
05/20VITESCO : Jefferies reiterates its Buy rating
MD
05/16VITESCO : Berenberg remains Neutral
MD
05/16VITESCO : Gets a Buy rating from Deutsche Bank
MD
05/16VITESCO : JP Morgan sticks Neutral
MD
05/13VITESCO : UBS remains its Buy rating
MD
05/13VITESCO : JP Morgan gives a Neutral rating
MD
05/13VITESCO : Goldman Sachs remains Neutral
MD
05/13Vitesco Technologies Group Aktiengesellschaft Reports Earnings Results for the First Qu..
CI
05/13VITESCO TECHNOLOGIES GROUP AG : Q1 2022: Vitesco Technologies reports record order intake ..
EQ
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Analyst Recommendations on VITESCO TECHNOLOGIES GROUP AG
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Financials
Sales 2022 8 718 M 9 340 M 9 340 M
Net income 2022 51,6 M 55,3 M 55,3 M
Net cash 2022 441 M 473 M 473 M
P/E ratio 2022 28,8x
Yield 2022 0,37%
Capitalization 1 749 M 1 874 M 1 874 M
EV / Sales 2022 0,15x
EV / Sales 2023 0,13x
Nbr of Employees 37 998
Free-Float 46,7%
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 43,70 €
Average target price 55,27 €
Spread / Average Target 26,5%
EPS Revisions
Managers and Directors
Andreas Wolf Chairman-Management Board & CEO
Werner Volz Chief Financial Officer
Siegfried Wolf Chairman-Supervisory Board
Cornelia Stiewing Deputy Chairman-Supervisory Board
Holger Siebenthaler Member-Supervisory Board
Sector and Competitors