VOLKSWAGEN AG / Final Results
26.02.2010 15:42
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Volkswagen presents 2009 consolidated financial statements:
- Volkswagen Group achieves its main goals despite difficult conditions
- At EUR 1.9 billion, operating profit positive but well below previous
year (EUR 6.3 billion)
- Board of Management and Supervisory Board propose dividend of EUR 1.60
per ordinary share and EUR 1.66 per preferred share for Volkswagen
shareholders
- Deliveries up 1.3 percent year-on-year at 6.3 million vehicles
- Volkswagen Group gains additional share of world's key markets
- Positive net cash flow in the Automotive Division, including after
acquisition of Porsche stake
- At EUR 10.6 billion, Automotive Division net liquidity exceeds
prior-year figure (EUR 8.0 billion)
-------------------------------------------------------------------------
January-December 2009 2008 +/- (%)
-------------------------------------------------------------------------
Volkswagen Group (IFRSs):
Deliveries to customers '000 units 6,336 6,257 + 1.3
Vehicle sales '000 units 6,310 6,272 + 0.6
Production '000 units 6,055 6,347 - 4.6
Employees Dec. 31 368,500 369,928 - 0.4
Sales revenue EUR million 105,187 113,808 - 7.6
Operating profit EUR million 1,855 6,333 - 70.7
Profit before tax EUR million 1,261 6,608 - 80.9
Profit after tax EUR million 911 4,688 - 80.6
Minority interests EUR million - 49 - 65 + 25.7
Profit attributable to
shareholders of Volkswagen AG EUR million 960 4,753 - 79.8
Earnings per share (basic)
- Ordinary shares EUR 2.38 11.92 - 80.0
- Preferred shares EUR 2.44 11.98 - 79.6
Automotive Division (including allocation of consolidation adjustments
between the Automotive and Financial Services divisions):
Cash flows - operating activities EUR million 12,815 8,800 + 45.6
Cash flows - investing activities*) EUR million 10,252 11,479 - 10.7
- of which investments in property,
plant and equipment EUR million 5,783 6,773 - 14.6
Net liquidity at December 31 EUR million 10,636 8,039 + 32.3
-------------------------------------------------------------------------
Volkswagen AG (German Commercial Code):
Net income EUR million 1,082 827 + 30.8
Dividend proposal:
Dividend - per ordinary share EUR 1.60 1.93
- per preferred share EUR 1.66 1.99
-------------------------------------------------------------------------
*) Excluding acquisition and sale of investees: EUR 7,585 million
(previous year: EUR 8,879 million).
Our presence in all the key regions around the world, the multi-brand
strategy, our technological expertise and the most up-to-date, most
environmentally friendly and broadest vehicle range that has resulted
from that expertise are key advantages for our Company. In 2010, the
Volkswagen Group's nine brands will unveil a large number of new models,
thus systematically extending our position in the global markets. We
therefore anticipate that our deliveries to customers will be higher than
in 2009.
The Group's sales revenue and operating profit for 2010 are expected to
exceed the prior-year figures despite a shift in volumes between the
markets. Interest and exchange rate volatility will remain a drag on
profit. We will continue to focus on disciplined cost and investment
management and the continuous optimization of our processes. In doing so,
we will systematically pursue the core elements of the '18 plus' strategy
- ecological relevance and the return on our vehicle projects.
The Annual Press Conference and the International Investor Conference
will be held in Wolfsburg on March 11, 2010.
Wolfsburg, February 26, 2010
Volkswagen AG - The Board of Management
This report contains forward-looking statements on the business
development of the Volkswagen Group. These statements are based on
assumptions relating to the development of the economic and legal
environment in individual countries and economic regions, and in
particular for the automotive industry, which we have made on the basis
of the information available to us and which we consider to be realistic
at the time of going to press. The estimates given entail a degree of
risk, and the actual developments may differ from those forecast.
Consequently, any unexpected fall in demand or economic stagnation in our
key sales markets, such as Western Europe (and especially Germany) or in
the USA, Brazil, China, or Russia will have a corresponding impact on the
development of our business. The same applies in the event of a
significant shift in current exchange rates relative to the US dollar,
sterling, Russian ruble, Mexican peso, Swedish krona, Australian dollar,
Swiss franc, Japanese yen, Brazilian real, Polish zloty, Chinese renminbi
and Czech koruna.
26.02.2010 15:42 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
---------------------------------------------------------------------------
Language: English
Company: VOLKSWAGEN AG
Brieffach 1849
38436 Wolfsburg
Deutschland
Phone: +49 (0)5361 9 - 49840
Fax: +49 (0)5361 9 - 30411
E-mail: christine.ritz@volkswagen.de
Internet: www.volkswagenag.com/ir
ISIN: DE0007664039, DE0007664005
WKN: 766403, 766400
Indices: DAX, Euro Stoxx 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
München, Hannover, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) London, Luxembourg,
SIX
End of News DGAP News-Service
---------------------------------------------------------------------------
DGAP-Adhoc: VOLKSWAGEN AG: Volkswagen presents 2009 consolidated financial statements
| Source: EQS Group AG