VOLKSWAGEN AG: Volkswagen AG announces preliminary figures for the business year 2020
January 22, 2021 at 05:05 am
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DGAP-Ad-hoc: VOLKSWAGEN AG / Key word(s): Annual Results
VOLKSWAGEN AG: Volkswagen AG announces preliminary figures for the business year 2020
22-Jan-2021 / 11:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Volkswagen AG announces preliminary figures for the business year 2020
Despite the ongoing unprecedented Covid 19 situation, the Volkswagen AG has proved to be quite robust in the second half of 2020. The deliveries to customers of the Volkswagen Group continued to recover strongly in the fourth quarter and even exceeded the deliveries of the third quarter 2020, leading to strong Group turnover. Also the reported Automotive net cash position showed a very positive development.
Based on preliminary figures, the Volkswagen Group expects the following for the full year 2020:
- Operating profit before special items related to diesel of around 10 billion Euros
- Reported Automotive net cash flow of around 6 billion Euros
As usual, the key financial figures for the full year 2020, as well as the official guidance for the Group will be disclosed at the end of February. Further details will be discussed during our Annual Press Conference on March 16th.
Helen Beckermann
Head of Volkswagen Group Investor Relations
22-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
VOLKSWAGEN AG
Berliner Ring 2
38440 Wolfsburg
Germany
Phone:
+49 (0)5361 9 - 49015
Fax:
+49 (0)5361 9 - 30411
E-mail:
helen.beckermann@volkswagen.de
Internet:
www.volkswagenag.com/ir
ISIN:
DE0007664039, DE0007664005
WKN:
766403, 766400
Indices:
DAX, Euro Stoxx 50
Listed:
Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange
Volkswagen AG is a Germany-based company, which manufactures and sells vehicles. The Group consists of two divisions: the Automotive Division and the Financial Services Division. The Automotive Division comprises the Passenger Cars, Commercial Vehicles and Power Engineering business areas. This division focuses on the development of vehicles, engines and vehicle software, the production and sale of passenger cars, light commercial vehicles, trucks, buses, and motorcycles, as well as businesses for genuine parts, large-bore diesel engines, turbomachinery, and propulsion components. The Financial Services Division focuses on dealer and customer financing, leasing, direct banking, and insurance activities, fleet management and mobility services. Its brand portfolio includes Volkswagen, Audi, SEAT, SKODA, Bentley, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and MAN.
VOLKSWAGEN AG 
