Volkswagen AG

VOW: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€267.00	Cjd	Xjpypvk

Volkswagen Earnings: Fourth-Quarter Results Better Than Expected, but Headwinds Loom in 2024

Richard Hilgert ,

Mar 13, 2024

No-moat Volkswagen reported fourth-quarter earnings per share of EUR 9.31, well above the FactSet consensus estimate of EUR 7.63 and up EUR 6.52 from the EUR 2.79 reported in the same quarter last year. Consolidated revenue rose 14.5% to EUR 87.2 billion from EUR 76.2 billion a year ago, which beat the consensus by 5%, primarily on strong volume. Consolidated deliveries also increased over 14% to 2.5 million in the quarter versus 2.2 million a year before.

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