10-28-13 2:49 AM EDT | Email Article

FRANKFURT--The following is a summary of analysts' forecasts for Volkswagen AG (VOW.XE) third-quarter results, based on a poll of 11 analysts conducted by Dow Jones Newswires (figures in million euros, EPS basic, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released October 30.

=== 
                                             Net 
                       Operating          attrib. 
3rd Quarter        Sales  Profit     EBT  profit    EPS 
 
AVERAGE           49,486   2,755   2,877   2,032   4.26 
Prev. Year        48,848   2,343  12,900  11,289  24.26 
+/- in %            +1.3     +18     -78     -82    -82 
 
MEDIAN            49,427   2,756   2,846   1,949   4.21 
Maximum           51,761   3,021   3,403   2,480   5.04 
Minimum           47,095   2,585   2,485   1,798   3.70 
Amount                10      11       7       8      8 
 
Bankhaus Lampe    48,987   2,807      --   1,981   4.12 
Barclays          50,907   3,021   3,403   2,480   5.04 
Commerzbank           --   2,860      --      --     -- 
Deutsche Bank     51,761   2,740      --      --     -- 
HSBC              48,619   2,845   2,570   1,798   3.70 
Independent Res.  50,000   2,650      --   1,840     -- 
J.P. Morgan       49,854   2,612   3,053   2,230   4.63 
LBBW              48,540   2,846   2,796   1,916   3.91 
Morgan Stanley    49,000   2,585   2,485   1,915   3.96 
Nomura            50,100   2,585   2,985      --   4.41 
Warburg Research  47,095   2,756   2,846   2,098   4.30 
 
 
                Operating profit: 
                VW                      Commercial Financial 
3rd Quarter     Auto   Audi  Skoda  SEAT  vehicles  Services 
 
AVERAGE          627  1,202    115   -29      76       351 
Prev. Year       645  1,327    118   -53    -124       257 
+/- in %        -2.9   -9.5   -2.5    --      --       +37 
 
MEDIAN           642  1,207    106   -32      70       350 
Maximum          782  1,289    187    13     114       411 
Minimum          356  1,056     75   -62      34       304 
Amount             9      9      9     8       7         9 
 
Bankhaus Lampe   700  1,220    120   -40      90       350 
Barclays         782  1,289    151    13      58       411 
Deutsche Bank    356  1,056    187   -10     114       304 
HSBC             642  1,205    106    --      --       350 
J.P. Morgan      478  1,126     84   -48      34       329 
LBBW             738  1,207    110   -20     100       350 
Morgan Stanley   769  1,283    102   -62      69       343 
Nomura           550  1,200     75   -25      --       320 
Warburg Research 624  1,228    100   -38      70       405 
 
 
            Target price  Rating                DPS 2013 
 
AVERAGE           205.00  positive 9    AVERAGE     3.93 
Prev. Quarter     203.56  neutral  2    Prev. Year  3.56 
+/- in %            +0.7  negative 0    +/- in %     +10 
 
MEDIAN            210.00                MEDIAN      4.03 
Maximum           220.00                Maximum     4.31 
Minimum           170.00                Minimum     3.50 
Amount                11                Amount         8 
 
Bankhaus Lampe    215.00  Buy                       3.73 
Barclays          174.00  Equalweight               3.69 
Commerzbank       205.00  Buy                         -- 
Deutsche Bank     220.00  Buy                         -- 
HSBC              210.00  Overweight                4.06 
Independent Res.  210.00  Buy                       4.00 
J.P. Morgan       214.00  Overweight                3.50 
LBBW              205.00  Buy                       4.06 
Morgan Stanley    215.00  Overweight                  -- 
Nomura            170.00  Neutral                   4.31 
Warburg Research  217.00  Buy                       4.06 
=== 

Year-earlier figures are as reported by the company.

DJG/mus 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

October 28, 2013 02:49 ET (06:49 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.
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