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    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Truck maker Navistar says Omicron variant is likely to slow supply chain recovery

12/01/2021 | 02:36pm EST
Trucks are parked at a yard of the manufacturing plant of International brand commercial trucks, owned by Navistar, in Escobedo

(Reuters) - U.S. truck maker Navistar International Corp, backed by Volkswagen, said on Wednesday the Omicron variant of the coronavirus would likely slow the recovery in the global supply chain.

A shortage of semiconductor chips, used to operate everything from driver aids to infotainment systems, have forced major automakers to slash their productions and in some cases build vehicles without certain features.

Navistar adjusted its production schedule for next year to align with suppliers' expected abilities to deliver, it told Reuters in an emailed statement.

"We are remaining flexible and can potentially increase production rates if the supply base can outperform the current forecast," said Paul Martin, the vice president of finance and revenue in Navistar.

(Reporting by Nathan Gomes in Bengaluru; Editing by Amy Caren Daniel)


ę Reuters 2021
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Financials
Sales 2021 247 B 280 B 280 B
Net income 2021 13 842 M 15 694 M 15 694 M
Net cash 2021 30 035 M 34 055 M 34 055 M
P/E ratio 2021 6,89x
Yield 2021 3,92%
Capitalization 118 B 134 B 134 B
EV / Sales 2021 0,36x
EV / Sales 2022 0,30x
Nbr of Employees 645 318
Free-Float 56,8%
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Mean consensus BUY
Number of Analysts 23
Last Close Price 190,52 €
Average target price 243,06 €
Spread / Average Target 27,6%
EPS Revisions
Managers and Directors
Herbert Diess Chairman-Management Board
Arno Antlitz Head-Finance & Information Technology
Hans Dieter P÷tsch Member-Management Board
Thomas Schmall-von Westerholt Head-Technology
Kurt Michels Chief Compliance Officer
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