the german automaker confirmed its annual revenue and profit targetsbut placed the deliveries at last year’s level, 8.9 million vehicles, reported the German news agency DPA. Previously an increase of between five and ten per cent had been set as a target.
The spot business was much better than the same quarter last yearwhich was affected by the delivery bottlenecksand the sales increased by just over 24%up to 70,700 million euros.
In the third trimester, the earnings before interest and taxesthe key measure of the firm’s operational success, increased 53%, up to 4,270 million euros. Nevertheless, was weaker than analysts had estimated previously.
The company also leads the ranking of most indebted with US$185,000 million. It is second only to Toyotawho has a debt of US$186,000 million.
After knowing the data of benefits, the Actions of Volkswagen showed falls of up to 4.7%.
Source: Ambito
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