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Volkswagen AG ADR VWAPY

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Volkswagen's Q1 Results Show Recovery Continues, Tweaks 2021 Guidance; EUR 247 FVE Unchanged

Richard Hilgert Senior Equity Analyst

Analyst Note

| Richard Hilgert |

No-moat rated Volkswagen reported first-quarter 2021 earnings per preferred share (EPS) of EUR 6.51, beating the FactSet consensus estimate of EUR 5.21 by EUR 1.30 and EUR 5.67 higher than the EUR 0.84 reported in the year-ago period. Consolidated revenue increased 13.3% to EUR 62.4 billion from EUR 55.1 billion last year. Automotive revenue jumped 15.4% to EUR 51.5 billion from EUR 44.7 billion in 2020 while deliveries excluding China JV units climbed 20.5% to 2.3 million versus 1.9 million 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, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, and other financial services.

Contact
Berliner Ring 2
Wolfsburg, NI, 38440, Germany
T +49 536190
Sector Consumer Cyclical
Industry Auto Manufacturers
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type —
Employees 662,575

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