Volkswagen Trades Higher After 2021 Results, Outlook for 2022
14 März 2022 - 10:23AM
Dow Jones News
By Kim Richters
Shares in Volkswagen AG rose Monday after the German car giant
reported results for 2021 and targets for the current year after
the market close on Friday.
At 0827 GMT, Volkswagen's preference shares were up 6.2% at
EUR152.60.
The car maker warned of the potential negative impact on its
business from the war in Ukraine but its outlook for 2022, which
includes operating return on sales between 7.0% to 8.5%, looks
solid, Citi said.
RBC Capital Markets said Volkswagen's revenue-growth target for
the year implies that strong pricing could continue.
As for financial results in 2021, the auto maker increased
aftertax profit for the year to 15.43 billion euros ($16.84
billion) from EUR8.82 billion in 2020, while revenue rose to
EUR250.20 billion from EUR222.88 billion.
The company's Porsche and Audi brands probably contributed to a
strong group margin in the last quarter of the year, said RBC.
Fourth-quarter group operating profit before special items of
EUR5.97 billion was ahead of consensus estimates of EUR3.98
billion, the bank said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 14, 2022 05:08 ET (09:08 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Volkswagen (TG:VOW3)
Historical Stock Chart
Von Feb 2024 bis Mär 2024
Volkswagen (TG:VOW3)
Historical Stock Chart
Von Mär 2023 bis Mär 2024