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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Germany's car industry shows initial signs of recovery - Ifo

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08/04/2020 | 02:01am EDT
FILE PHOTO: VW re-starts Europe's largest car factory after coronavirus shutdown

* Car industry demand recovers as showrooms reopen

* Corona lockdowns hit demand stalling sales

* Order books improving - IFO

BERLIN, Aug 4 (Reuters) - Germany's car industry has seen demand picking up after coronavirus-related restrictions were eased and auto industry exports are expected to rise, a survey published by the Ifo economic institute on Tuesday showed.

Business expectations, demand and order books all improved last month, Ifo said, but it cautioned that the survey's indicator for the current business situation was still negative in July.

Volkswagen and Daimler have said customers have returned to showrooms after corona lockdowns eased, resulting in a gradual rebound in demand in Europe and China. (Reporting by Riham Alkousaa and Edward Taylor Editing by Michelle Martin)

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG 4.52% 61.73 Delayed Quote.-15.60%
DAIMLER AG 3.82% 45.875 Delayed Quote.-7.08%
VOLKSWAGEN AG 3.68% 138.2 Delayed Quote.-21.58%
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Financials
Sales 2020 215 B 251 B 251 B
Net income 2020 3 898 M 4 550 M 4 550 M
Net cash 2020 18 380 M 21 450 M 21 450 M
P/E ratio 2020 18,7x
Yield 2020 1,72%
Capitalization 72 909 M 84 975 M 85 088 M
EV / Sales 2020 0,25x
EV / Sales 2021 0,21x
Nbr of Employees 664 717
Free-Float 57,0%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 161,04 €
Last Close Price 138,20 €
Spread / Highest target 75,1%
Spread / Average Target 16,5%
Spread / Lowest Target -42,8%
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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 Deputy Chairman
Bernd Osterloh Member-Supervisory Board
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1st jan.Capitalization (M$)
VOLKSWAGEN AG-21.58%81 340
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