Over a billion loss: VW slips into the red

The Volkswagen group has received the Corona-crisis inUmsatz and a result to feel to the full and is slipped as expected in the red. Before taxes, a loss of 1.4

Over a billion loss: VW slips into the red

The Volkswagen group has received the Corona-crisis inUmsatz and a result to feel to the full and is slipped as expected in the red. Before taxes, a loss of 1.4 billion euros in the first half of the year, as the Dax group announced on Thursday in Wolfsburg. A year ago, VW had made here still 9.6 billion Euro profit. Because the tapes were in March and April, that long quiet and in Europe as well as North America, there are hardly any cars sold could be dropped, revenues by 23 percent to 96 billion euros.

Because of the still not reliably predictable further development to the Management and the dividend proposal for the previous year to EUR 1.70 4.86 per share of preferred stock, shorten the cash to spare. Ordinary shareholders received 6 cents less.

With a view to operating profit before special items Volkswagen was with a Minus of 0.8 billion euros, slightly better than the estimates of analysts. A year ago, VW had earned here, but also 10 billion Euro. The business prospects for 2020, the group remains: The operating profit is expected to remain a serious year-on-year, but still positive.

VOLKSWAGEN -- -- (--) Xetra tradegate London SE Int. Level 1BrüsselStuttgartFrankfurtLang & Black 1T 1W 3M 1J 3J 5J For detail view
Updated Date: 30 July 2020, 11:19

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