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MarketScreener Homepage  >  Equities  >  Xetra  >  Volkswagen AG    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen Group Global Sales Fell in August -- Update

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09/18/2020 | 06:39am EDT

By Kim Richters

German car maker Volkswagen AG said Friday that global deliveries fell in August.

Group sales for August declined 6.6% year-on-year to 792,200 vehicles, the company said.

The passenger car market for the same month in the previous year was boosted by the impending WLTP regulations on emissions and consumption that became effective in September, Volkswagen said.

If last year's figures had been adjusted for this effect, "global deliveries in August 2020 would be significantly closer to previous year's level," it said.

In China, vehicle sales rose 3.5% to 353,200, while sales in Western Europe fell 17% to 212,100.

Deliveries in North America dropped 19% and 15.5% in South America, Volkswagen added.

For the January-to-August period, world-wide deliveries were down 21.5% to 5,571,100.

The Volkswagen group includes a number of brands, such as Audi, Skoda, Porsche and the company's namesake Volkswagen passenger cars.

Deliveries in August for the VW brand declined 6.5% to 461,600, while Audi vehicle sales dropped 2.4% to 146,500.

 

Write to Kim Richters at kim.richters@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AUDI AG 0.62% 1620 Delayed Quote.102.50%
PORSCHE AUTOMOBIL HOLDING SE -0.70% 49.55 Delayed Quote.-25.65%
VOLKSWAGEN AG -0.97% 137.08 Delayed Quote.-22.22%
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Financials
Sales 2020 216 B 256 B 256 B
Net income 2020 4 250 M 5 042 M 5 042 M
Net cash 2020 19 245 M 22 830 M 22 830 M
P/E ratio 2020 16,7x
Yield 2020 1,78%
Capitalization 71 261 M 84 573 M 84 539 M
EV / Sales 2020 0,24x
EV / Sales 2021 0,20x
Nbr of Employees 664 717
Free-Float 57,0%
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 165,76 €
Last Close Price 137,08 €
Spread / Highest target 76,5%
Spread / Average Target 20,9%
Spread / Lowest Target -21,8%
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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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