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    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen : Porsche can not rule out production cuts over chip shortage -Handelsblatt

04/08/2021 | 01:40pm EDT
FILE PHOTO: A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels

FRANKFURT (Reuters) - Volkswagen's luxury sports car unit Porsche AG might have to adjust production to reflect an ongoing shortage of crucial automotive chips, Handelsblatt reported.

"We cannot rule out that we will lower the volume of some models in the near future," the company was quoted as saying by Handelsblatt, without giving more details.

The lack of semiconductors, which has roiled the global car sector, caused General Motors Co to announce earlier on Thursday extended production cuts at some of its North America factories.

Porsche AG parent Volkswagen said it expects chip supply to remain tight in the coming months, adding it could not provide a visibility for the full year.

(Reporting by Christoph Steitz; Editing by Kirsten Donovan)


© Reuters 2021
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Financials
Sales 2021 248 B 299 B 299 B
Net income 2021 13 412 M 16 161 M 16 161 M
Net cash 2021 30 616 M 36 892 M 36 892 M
P/E ratio 2021 8,59x
Yield 2021 2,89%
Capitalization 131 B 158 B 158 B
EV / Sales 2021 0,40x
EV / Sales 2022 0,36x
Nbr of Employees 662 575
Free-Float 56,8%
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Technical analysis trends VOLKSWAGEN AG
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 267,27 €
Last Close Price 228,40 €
Spread / Highest target 35,7%
Spread / Average Target 17,0%
Spread / Lowest Target -29,9%
EPS Revisions
Managers and Directors
NameTitle
Herbert Diess Chairman-Management Board
Frank Witter Head-Finance & Information Technology
Hans Dieter Pötsch Chairman-Supervisory Board
Kurt Michels Chief Compliance Officer
Peter Mosch Deputy Chairman
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