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, dividend and target price in euro,
according to IFRS). Earnings figures are scheduled to be
released April 29.
===
EPS
Net basic
Operating attrib. pref.
1st Quarter Sales Profit EBT profit share
AVERAGE 50,229 3,081 3,593 2,670 5.44
Prev. Year 47,831 2,855 3,357 2,395 4.93
+/- in % +5.0 +7.9 +7.0 +11 +10
MEDIAN 50,156 3,061 3,547 2,652 5.51
Maximum 51,098 3,308 3,957 2,939 5.93
Minimum 48,663 2,852 3,220 2,329 4.69
Amount 10 10 9 8 9
Bankhaus Lampe 51,098 3,308 3,933 -- 5.82
Citi 49,520 3,057 3,607 2,784 5.61
Deutsche Bank 50,060 3,083 -- -- --
DZ Bank 51,076 3,238 3,529 2,781 5.58
Exane BNP Paribas 50,733 3,257 3,957 2,939 5.93
J.P. Morgan 48,663 2,852 3,220 2,329 4.69
LBBW 50,163 3,065 3,565 2,678 5.51
Morgan Stanley 50,149 2,947 3,547 2,626 5.36
Warburg Research 50,696 3,043 3,521 2,623 5.24
Operating profit:
VW Commercial Finan.
1st Quarter Auto Audi Porsche Skoda SEAT vehicles Services
AVERAGE 577 1,267 750 211 -23 129 416
Prev. Year 440 1,314 698 185 -36 136 353
+/- in % +31 -3.6 +7.5 +14 -- -5.1 +18
MEDIAN 592 1,250 755 200 -30 125 423
Maximum 707 1,367 805 275 7 147 442
Minimum 479 1,225 700 184 -48 116 370
Amount 9 9 9 9 9 9 9
Bankhaus Lampe 625 1,250 700 215 -30 140 400
Citi 592 1,249 754 200 7 124 425
Deutsche Bank 520 1,250 755 200 -2 135 370
DZ Bank 707 1,367 762 275 -40 124 423
Exane BNP Par. 689 1,233 805 189 -48 125 416
J.P. Morgan 479 1,225 730 212 -37 121 442
LBBW 600 1,230 710 200 -20 130 430
Morgan Stanley 483 1,321 773 184 -39 116 400
Warburg Res. 496 1,279 762 221 -2 147 440
Target price Rating DPS 2015
AVERAGE 262.63 positive 6 AVERAGE 5.70
Prev. Quarter 224.13 neutral 2 Prev. Year 4.86
+/- in % +17 negative 0 +/- in % +17
MEDIAN 279.00 MEDIAN 5.56
Maximum 285.00 Maximum 6.56
Minimum 190.00 Minimum 5.20
Amount 8 Amount 7
Bankhaus Lampe 230.00 Hold 5.21
Citi 280.00 Buy 6.56
Commerzbank 278.00 Buy --
Exane BNP Paribas 280.00 Outperform 6.00
J.P. Morgan 274.00 Overweight 5.20
LBBW 284.00 Buy 5.56
Morgan Stanley 190.00 Equalweight 5.79
Warburg Research 285.00 Buy 5.56
===
Year-earlier figures are as reported by the company.
DJG/mus
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