FRANKFURT--The following is a summary of analysts' forecasts for
Volkswagen AG (VOW.XE) third-quarter results, based on a poll of 13
analysts conducted by Dow Jones Newswires (figures in million
euros, EPS, dividend and target price in euro,
according to IFRS). Earnings figures are scheduled to be
released October 30.
=== EPS
Net basic
Operating attrib. pref.
3rd Quarter Sales Profit EBT profit share
AVERAGE 47,895 2,870 3,326 2,422 4.93
Prev. Year 46,985 2,777 2,780 1,856 3.79
+/- in % +1.9 +3.3 +20 +30 +30
MEDIAN 47,690 2,850 3,442 2,470 4.93
Maximum 49,244 3,003 3,473 2,670 5.36
Minimum 46,549 2,744 2,954 1,854 4.60
Amount 13 13 6 10 9
Baader-Helvea 47,501 2,850 -- -- 4.63
Bankhaus Lampe 48,909 2,802 -- 2,486 5.01
Citigroup 47,494 3,003 3,473 2,635 5.36
Credit Suisse 47,321 2,839 3,424 2,454 4.93
Deutsche Bank 48,843 2,744 -- -- --
DZ Bank 49,231 2,970 3,464 2,540 5.15
Exane BNP Paribas 47,430 2,782 3,182 2,404 4.84
Independent Research 47,690 3,000 -- 2,670 --
J.P. Morgan 46,549 2,747 -- 2,284 4.60
Kepler Cheuvreux 47,706 2,931 -- -- --
LBBW 46,615 2,826 -- 2,363 4.83
Morgan Stanley 49,244 2,954 2,954 1,854 --
Warburg Research 48,108 2,857 3,460 2,525 5.05
Operating profit:
VW Commercial Financial
3rd Quarter Auto Audi Skoda SEAT vehicles Services
AVERAGE 489 1,143 190 -9.6 119 419
Prev. Year 623 1,099 128 -133 96 430
+/- in % -22 +4.0 +48 -- +24 -2.6
MEDIAN 504 1,139 183 -7.0 120 415
Maximum 580 1,254 215 15 163 500
Minimum 400 1,029 166 -44 80 324
Amount 10 10 9 9 8 8
Baader-Helvea 459 1,137 180 -15 119 468
Bankhaus Lampe 580 1,186 215 -30 125 375
Citigroup 523 1,223 166 15 117 420
Credit Suisse 509 1,111 178 8.0 137 408
Deutsche Bank 538 1,029 195 -3 80 324
Exane BNP Paribas 423 1,254 183 -44 163 410
J.P. Morgan 400 1,060 200 0 94 447
Kepler Cheuvreux 500 1,180 210 -10 -- --
LBBW 450 1,140 -- -- -- --
Warburg Research 508 1,113 181 -7 120 500
Target price Rating DPS 2014
AVERAGE 207.40 positive 8 AVERAGE 4.74
Prev. Quarter 225.40 neutral 1 Prev. Year 4.06
+/- in % -8.0 negative 0 +/- in % +17
MEDIAN 205.00 MEDIAN 4.60
Maximum 230.00 Maximum 5.16
Minimum 170.00 Minimum 4.29
Amount 10 Amount 7
Baader-Helvea 230.00 Buy --
Bankhaus Lampe 200.00 Buy 4.29
Citigroup 210.00 Buy 5.16
Credit Suisse 200.00 Outperform 4.99
Exane BNP Paribas 205.00 -- --
Independent Research 170.00 Hold 4.60
J.P. Morgan 205.00 Overweight --
Kepler Cheuvreux 194.00 Buy 4.50
LBBW 230.00 Buy 5.06
Warburg Research 230.00 Buy 4.56
===
Year-earlier figures are as reported by the company.
DJG/mus
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