New: Evercore ISI restated his estimates for group operating profit,the brand Skoda und the EPS.

FRANKFURT--The following is a summary of analysts' forecasts for Volkswagen AG (VOW.XE) first-quarter results, based on a poll of 10 analysts conducted by Dow Jones Newswires (figures in million euros, EPS pref. share, dividend and target price in euro, according to IFRS). Earnings figures are scheduled to be released May 31.

=== 
                                Operat.           Net 
                        Operat.  Profit       attrib.    EPS 
1st Quarter       Sales  Profit    adj.   EBT  profit  basic 
AVERAGE          51,738   2,728   2,717 3,279   2,449   4.81 
Prev. Year       52,735   3,328   3,328 3,968   2,887   5.80 
+/- in %           -1.9     -18     -18   -17     -15    -17 
 
MEDIAN           51,680   2,676   2,699 3,163   2,373   4.80 
Maximum          53,921   3,113   2,813 3,771   3,021   6.01 
Minimum          50,542   2,570   2,623 2,795   1,976   3.95 
Amount (a)           10       8       5     5       6      8 
 
Commerzbank      52,200   2,780      --    --      --   4.94 
DZ Bank          51,768   2,638   2,638 3,771   3,021   6.01 
Evercore ISI     51,423   2,653      --    --      --   4.97 
Exane BNP Pari.  50,542   3,113   2,813 3,163   2,285   4.56 
Independent Res. 50,690      --   2,810    --   2,430     -- 
Kepler Cheuvreux 51,864   2,774      --    --      --     -- 
LBBW             51,670   2,570      -- 3,070   2,315   4.66 
Warburg Research 51,616   2,699   2,699 3,596   2,664   5.35 
 
                 Operating profit: 
                   VW                            Commercial 
1st Quarter      Auto   Audi Porsche  Skoda SEAT   vehicles 
AVERAGE           149  1,228     825    212  9.0        107 
Prev. Year        514  1,422     765    242   33        165 
+/- in %          -71    -14    +7.8    -12  -73        -35 
 
MEDIAN            135  1,207     830    215  4.0        110 
Maximum           263  1,362     854    250   44        135 
Minimum            46  1,126     777    160  -15         85 
Amount (a)          6      7       7      7    7          7 
 
Evercore ISI      263  1,126     850    212  4.0         96 
Exane BNP Paribas 117  1,291     854    209   21        119 
Kepler Cheuvreux  130  1,210     800    250   30        110 
LBBW              200  1,200     830    220  -10         90 
Warburg Research  139  1,362     827    220  -15         85 
 
                                Financial 
1st Quarter              MAN     Services 
AVERAGE                   74          435 
Prev. Year                34          403 
+/- in %                +118         +8.0 
 
MEDIAN                    79          448 
Maximum                  127          485 
Minimum                   20          370 
Amount (a)                 6            7 
 
Evercore ISI             127          401 
Exane BNP Paribas         62          370 
Kepler Cheuvreux          20          420 
LBBW                     100          450 
Warburg Research          40          485 
 
 
                Target price  Rating                DPS 2016 
AVERAGE               158.00  positive 6    AVERAGE     2.12 
Prev. Quarter         133.50  neutral  3    Prev. Year  0.17 
+/- in %                 +18  negative 1    +/- in %      -- 
 
MEDIAN                160.50                MEDIAN      2.06 
Maximum               200.00                Maximum     3.30 
Minimum               110.00                Minimum     1.06 
Amount                    10                Amount         4 
 
Citi                  162.00  Buy                         -- 
Commerzbank           137.00  Hold                        -- 
Evercore ISI          200.00  Buy                         -- 
Exane BNP Paribas     157.00  Outperform                  -- 
Independent Research  110.00  Sell                      3.30 
JP Morgan             168.00  Neutral                     -- 
Kepler Cheuvreux      160.00  Buy                         -- 
LBBW                  161.00  Buy                       2.06 
Warburg Research      150.00  Hold                      2.06 
UBS                   175.00  Buy                       1.06 
=== 

Year-earlier figures are as reported by the company.

(a) Including estimates from analysts who want to remain anonymous.

DJG/voi 

(END) Dow Jones Newswires

May 29, 2016 12:21 ET (16:21 GMT)

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