6,294
edits
Volkswagen:Quarterly Results/2023 Q3: Difference between revisions
Volkswagen:Quarterly Results/2023 Q3 (view source)
Revision as of 15:37, 27 October 2023
, 27 October 2023→Results and earnings call
| Line 4: | Line 4: | ||
== Results and earnings call == | == Results and earnings call == | ||
Read the earnings call summary here: [https://mm.tt/app/map/3012835995?t=kh7Ocl8s85 Mindmap] | |||
* Volkswagen now expects FY2023 operating result before special items to be at the same level as last year (22.5 billion euros or 7%-7.3%), down from a range of $ 23.0 billion to $27.3 billion (7.5%-8.5%) previously guided due to negative effects of commodity hedges at the end of Q3<ref>https://www.eqs-news.com/news/adhoc/volkswagen-aktiengesellschaft-volkswagen-ag-publishes-preliminary-key-figures-for-the-statement-as-per-30-september-2023-and-updates-forecast-for-fiscal-year-2023/1922755</ref>. | |||
* Volkswagen preliminary results also indicate Q3 2023 revenue grew 12% y/y to 78.8 billion euros (analyst estimate: € 76.26 or +8% y/y) while operating result rose 14% y/y to 4.9 billion euros (6.2%). | |||
* Automotive net cash flow declined 24.2% y/y to 2.5 billion euros, mainly due to tax payments of past periods amounting to 1.5 billion euros. | |||
* The company continues to expect revenue for the full year to grow 10%-15% y/y to between € 307.2 billion and €321.1 billion, and deliveries to be in the range of 9 to 9.5 million vehicles. | |||
* It noted that the hedging loss of 2.5 billion euros recorded in the first half is no longer expected to be compensated by the end of the year. | |||
Read the '''earnings call summary''' here: [https://mm.tt/app/map/3012835995?t=kh7Ocl8s85 Mindmap] | |||
== Earnings expectations == | == Earnings expectations == | ||