Volkswagen AG ADR (VWAPY) Quote - PINX | Morningstar

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Volkswagen Q2 Results Solid on Pricing and Mix, Tweaks 2021 Guidance; FVE Changed to EUR 340

Senior Equity Analyst Richard Hilgert

Richard Hilgert Senior Equity Analyst

Analyst Note

| Richard Hilgert | Jul 29, 2021

No-moat rated Volkswagen reported second-quarter 2021 earnings per preferred share (EPS) of EUR 9.70, beating the FactSet consensus estimate of EUR 7.42 by EUR 2.28 and EUR 12.88 higher than the EUR 3.18 loss reported in the COVID-19-impacted year-ago period. Consolidated revenue jumped 64% to EUR 67.3 billion from EUR 41.1 billion last year. Automotive revenue climbed 71% to EUR 55.5 billion from EUR 32.4 billion in 2020 while deliveries excluding China JV units skyrocketed 82% to 1.6 million versus 880,000 a year ago.

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Company Profile

Business Description

Volkswagen is one of the world's largest automotive manufacturers. Automotive brands include Volkswagen passenger cars, Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Navistar, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, vehicle leasing, banking, and other financial services.

Contact

Berliner Ring 2
Wolfsburg, NI, 38440, Germany

T +49 536190

investor.relations@volkswagen.de

www.volkswagen.com

Sector Consumer Cyclical

Industry Auto Manufacturers

Most Recent Earnings Jun 30, 2021

Fiscal Year End Dec 31, 2021

Stock Type —

Employees 632,825

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