|
DGAP-Ad-hoc: VOLKSWAGEN AG / Key word(s): Profit Warning/Quarter Results Volkswagen AG publishes preliminary key figures for the first quarter 2022
The ongoing war in Ukraine is having a significant impact on exchange rates and price developments on the commodity markets. In addition, the first effects on supply chains can be seen. Volkswagen AG is also affected by these impacts. Based on preliminary figures, the Volkswagen Group expects 1Q2022: - An operating profit before special items of around 8.5 billion Euros and an operating return on sales of around 13.5%. In addition to a robust operating performance, positive fair value measurements on hedging instruments outside hedge accounting have a significant impact on earnings totaling 3.5 billion Euro. A large part of these valuation effects is attributable to commodity hedges and is not cash-effective. - The net cash flow of the Automotive Division is at around 1.5 billion Euros. Burdens on working capital from seasonally increased inventories are offset by only a small increase in liabilities which is production related. - Net liquidity in the Automotive Division amounts to around 31 billion Euros and includes the repayment of a hybrid bond for 1.1 billion Euros in March 2022 and the new hybrid bonds issued in the same month for 2.25 billion Euros. The effects of the further course of the Ukraine war still cannot be predicted with sufficient certainty. There is therefore still a risk that further developments in the Ukraine war will have a negative impact on the Volkswagen Group's business activities. This may also result from bottlenecks in the supply chain. The further development of the commodity markets also remains unpredictable, which in turn may have significant effects on the measurement of hedging instruments. In addition, negative effects may continue to result from a worsening Covid-19 pandemic and from the supply situation - especially for semiconductors. The full report on the interim financial statements as of March 31, 2022 is expected to be published on May 04, 2022. Definitions of operating profit before special items, net cash flow and net liquidity can be found in the 2021 AR on pages 90ff. Rolf Woller Head of Group Treasury and Investor Relations
14-Apr-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
| EQS News ID: | 1328161 |
| End of Announcement | DGAP News Service |
|
|
1328161 14-Apr-2022 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
