Το VW Group ανακοίνωσε σήμερα ότι μέσα στο πρώτο τρίμηνο του 2011 παρουσίασε καθαρά κέρδη (μετά φόρων) της τάξεως των 1.7 δις ευρώ (2.9 δις ευρώ προ φόρων) 3 φορές περισσότερα σε σχέση με την αντίστοιχη περσινή περίοδο. Τα συνολικά έσοδα αυξήθηκαν κατά 31% σε σχέση με το 2010 και άγγιξαν τα 37.5 δις ευρώ. Σε ότι αφορά τα κέρδη από συνεχιζόμενες δραστηριότητες αυτά ανήλθαν σε 2.91 δις ευρώ. Συνολικά μέσα στους πρώτους 4 μήνες του 2011 ο όμιλος πούλησε 2 εκατομμύρια αυτοκίνητα, 14% σε σχέση με το Q1 του 2010.
Σημαντικό ρόλο στην αύξηση αυτή, έπαιξε η αγορά της Κίνας, αφού οι παραδόσεις της εκεί αυξήθηκαν κατά 20%. Η VW αναφέρει ότι έχει κέρδη 557 εκατ. ευρώ από την Κινέζικη αγορά.
Σε ότι αφορά τις εταιρίες. Όλες παρουσίασαν αύξηση κατά το Q1 του 2011. Η Audi πούλησε 374.000 αυτοκίνητα παρουσιάζοντας αύξηση κατά 18.1% με λειτουργικά κέρδη 1.1 δις ευρώ. Η Volkswagen παρότι των μεγάλων επενδύσεων που έκανε για να μεγαλώσει την γκάμα της, έχει ακόμη 19.6 δις ευρώ στα ταμία της διαθέσιμα μετρητά, 1 δις περισσότερα από τα τέλη του 2010. Συνολικά πούλησε 1.1 εκατ. οχήματα διπλασιάζοντας τα λειτουργικά κέρδη της σε σχέση με το 2010, από τα 416 εκατ. ευρώ στα 1.1 δις ευρώ.
Η Skoda πούλησε 181.000 αυτοκίνητα με λειτουργικά κέρδη 187 εκατ. ευρώ, 87 περισσότερα σε σχέση με το 2010. Η Seat είχε και αυτή αύξηση, αν και μικρή, αφού πούλησε 93.000 αυτοκίνητα σε σχέση με τα 91.000 του 2010. Ωστόσο η Seat έχει ακόμη ζημιές 12 εκατ. ευρώ, σαφώς λιγότερα σε σχέση με τα 110 εκατ. ευρώ που είχε η Ισπανική φίρμα την ίδια περίοδο του 2010.
H Porsche είχε αύξηση 13% σε σχέση με το Q1 του 2010, αφού τους πρώτους τρεις μήνες του 2011 πούλησε 23.442 αυτοκίνητα. Ο κύκλος εργασιών της άγγιξε τα 2.28 δις ευρώ, αυξημένος κατά 10% σε σχέση με το 2010. Τα λειτουργικά της κέρδη ανήλθαν στα 496 εκατ. ευρώ, τα διπλάσια σε σχέση με το 2010. Αναλυτικότερες λεπτομέρειες μπορείς να βρεις στο δελτίο τύπου που ακολουθεί.
[Πηγή: VW, Porsche]
Volkswagen starts fiscal year 2011 with record first-quarter results
- Operating profit lifted to €2.9 billion (€0.8 billion)
- Two million vehicles sold in a single quarter for the first time
- Sales revenue up more than 30 percent to €37.5 billion
- Automotive Division net liquidity remains high at €19.6 billion
Wolfsburg, 27 April 2011 – The Volkswagen Group leveraged its prior-year momentum and maintained its growth rate in the first quarter of 2011. “Business developments in the first quarter demonstrate the Volkswagen Group’s strength and robustness”, said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, on Wednesday at the presentation of the interim report for the first quarter of fiscal year 2011.
Sales revenue climbed by 30.8 percent to €37.5 billion (Q1 2010: €28.6 billion). At 1.99 million, vehicle deliveries by Europe’s largest automotive group were up 14.0 percent in the period between January and March, exceeding the prior-year quarter’s strong figures. The Group’s share of the global passenger car market rose to 12.0 percent in the reporting period (11.5 percent). Operating profit climbed to €2.9 billion (€0.8 billion). The operating return on sales rose from 3.0 percent to 7.8 percent year-on-year. The consolidated operating profit does not include the €557 million share of the operating result accounted for by the Chinese joint ventures (€303 million). These companies are included using the equity method and are therefore reflected in the financial result. The Wolfsburg-based Group’s profit before tax amounted to €2.2 billion (€0.7 billion).The result after tax for the first quarter of the year increased to €1.7 billion (€0.5 billion).
CFO Hans Dieter Pötsch was also satisfied with developments in the first three months. “The Volkswagen Group has got off to a good start”, said Pötsch, adding: “Our sound finances and continuous improvements in profitability are the basis for the Volkswagen Group’s successful future”. The positive overall development on the global automotive markets, and in particular the sustained high demand in China, India, Central and Eastern Europe, and North and South America, was the main earnings driver. In addition to the higher volumes, lower product costs contributed to ongoing profitable growth.
Automotive Division net liquidity remains high at €19.6 billion
In the first quarter of 2011, net liquidity in the Automotive Division increased by one billion euros as against year-end 2010, to €19.6 billion. This includes the cash outflows from the acquisition of the trading activities of Porsche Holding Salzburg (PHS) and the investment in SGL Carbon SE, Wiesbaden, totaling €3.5 billion. “Our net liquidity in the Automotive Division remains at a high level”, said Pötsch. “This substantial basis is not an end in itself; rather, it provides us with the financial flexibility we need for our investments and to implement our Strategy 2018”, he added. The Volkswagen Group has set itself the goal of becoming the global economic and environmental leader in the automobile sector by the year 2018.
The Volkswagen Group maintained its strict investment discipline with a ratio of investment in property, plant and equipment to sales revenue of 2.8 percent in the Automotive Division. This figure is expected to remain within the target corridor of up to around 6 percent of sales revenue for the full year. “We are continuing to make targeted, ongoing investments in new products, new technologies and new locations, always ensuring that our upfront expenditures are focused on safeguarding the future of our Company and generating adequate returns”, he continued.
Brands and business fields
All brands and business fields within the Group recorded improvements in the first quarter. Overall, unit sales by the Volkswagen Group in the period from January to March rose by 19.3 percent year-on-year, to 2.0 million vehicles (1.7 million).
Global sales by the Volkswagen Passenger Cars brand in January to March rose to 1.1 million vehicles (0.9 million). Demand for the Polo, Tiguan, Touareg, Jetta, Passat Variant, Passat CC and Sharan models increased. The Volkswagen Passenger Cars brand’s operating profit more than doubled in comparison to the first quarter of 2010, rising from €416 million to €1.1 billion.
Worldwide sales by the premium brand Audi increased by 18.1 percent in the first quarter to 374,000 vehicles (316,000 vehicles). Operating profit grew from €478 million to €1.1 billion. The Audi Q5 and Audi Q7 models recorded the highest growth rates. Demand for the new Audi A1, Audi A7 Sportback and Audi A8 models was also encouraging.
Unit sales by the Škoda brand increased to 181,000 in the period from January to March (142,000 vehicles). First-quarter operating profit rose to €187 million (€100 million). All Škoda’s model series contributed to this success.
SEAT sold 93,000 vehicles worldwide (91,000 vehicles). The loss generated by the brand amounted to €12 million, after a loss of €110 million in the prior-year period. Higher volumes, reduced sales support measures and optimized marketing costs contributed to this.
Bentley benefited from improved conditions in the luxury segment. The brand’s operating loss narrowed by €11 million compared with the prior-year period, to €25 million. Bentley was negatively impacted by upfront expenditures for new products and exchange rate effects.
Volkswagen Commercial Vehicles sold 108,000 light commercial vehicles worldwide in the first quarter of 2011. This corresponds to an increase of 47.4 percent compared with the prior-year period. The brand generated a first-quarter operating profit of €92 million thanks to the higher volume, following a loss of €16 million in the prior-year period.
The truck manufacturer Scania continued its positive development in the period from January to March 2011. At €376 million, operating profit was €162 million higher than in the previous year thanks to increased demand for heavy trucks and buses.
The Volkswagen Financial Services Division turned in yet another successful quarter. The first-quarter operating profit amounted to €287 million, up €119 million on the previous year.
Winterkorn: “Volkswagen is continuing to power ahead”
The Group is confident about 2011. “Volkswagen is continuing to power ahead”, said Winterkorn, adding: “Thanks to our expertise in technology and design, we have a diverse, attractive and environmentally friendly range of products that meets customers’ desires and needs”.
Overall, global demand for passenger cars is expected to exceed the level for 2010. In some Western European countries, rising public debt and the end of subsidy programs will have a negative impact on demand for new vehicles. By contrast, an increase in new vehicle registrations can be expected in Central and Eastern Europe. The Volkswagen Group expects the positive trend in the strategically important markets of China and India to continue, and that demand will also rise further in the markets of North and South America.
“In 2011, the Volkswagen Group’s nine brands will once again introduce a large number of fascinating new models to the market, thus further expanding our strong position in the global markets”, said Winterkorn. In addition, the modular toolkit system, which the Volkswagen Group is continually optimizing, will have an increasingly positive effect on the Group’s cost structure. However, the continuing volatility in interest and exchange rate trends and commodities prices will weaken the positive volume effect. “Volkswagen shifted into the fast lane in 2010 and that’s exactly where we intend to stay this year”, Winterkorn emphasized. The Volkswagen Group expects sales revenue and operating profit in 2011 to be higher than the previous year.
Porsche remains profitable – return on sales comfortably into double figures
Porsche increases sales by 13 per cent
Stuttgart. Dr. Ing. h.c. F. Porsche AG, Stuttgart, continued on its growth trajectory in the first three months of the 2011 financial year. Compared with the same quarter the year before, sales were up 13 per cent to 23,442 vehicles. Turnover was 2.28 billion euro, ten per cent more than in the comparable period in 2010. At 496 million euro, the Stuttgart-based sports car manufacturer more than doubled its operating profit in the first three months of the current financial year compared with the year before, thereby comfortably achieving a double digit operating return on sales yet again. “First quarter progress was outstanding. Porsche continues on a profitable growth trajectory”, said Matthias Müller, Chairman of the Board of Management of Porsche AG. “Performance in the first quarter confirms our ambition to be able to finance the impending investment in new vehicle projects out of cash flow”, said Lutz Meschke, Porsche AG’s Chief Financial Officer.
The good sales figures achieved by the individual model lines are bolstered by the continuing high demand for the new Cayenne: Vehicle sales of 11,487 translate into year-on-year growth of 62 per cent. With 4,715 units sold (previous year 4,990 units), the Panamera is playing a significant part in Porsche’s successful development. Turning to the sports cars, the 911 achieved very good sales of 4,750 vehicles, chalking up a decline of only 17 per cent notwithstanding the impending change of model. The mid-engine sports car achieved 2,490 units (2,949 units the year before). 1,512 vehicles were accounted for by the Boxster and 978 units by the Cayman.
In Europe, sales increased by 25 per cent to 8,099 vehicles in the first three months of the financial year; of this total, 2,921 units (plus 17 per cent) were accounted for by the German market. In America, Porsche achieved increased sales of 30 per cent to 7,103 units, with 6,341 of these vehicles sold in North America. 8,240 units (8,772 units a year before) were sold in Asia and the rest of the world.
Between January and March, Porsche produced 31,366 vehicles, an increase of 98 per cent compared with the same period the year before. In Leipzig, 15,189 units of the Cayenne model line rolled off the production line, more than six times as many vehicles as in the same quarter of the previous year; the beginning of 2010 was influenced by the start of production of the new sporty off-road vehicle. 6,172 units (plus nine per cent) of the Panamera model line were built. 6,044 vehicles of the 911 model line were produced in the Zuffenhausen factory (plus 24 per cent) and 3,961 units of the Boxster model line (plus 35 per cent), of which 2,425 units were accounted for by the Boxster and 1,536 vehicles by the Cayman.
The growth in sales has enabled Porsche to create more jobs. With a workforce of 13,510 on 31 March 2011, the number of employees was three per cent higher than the balance sheet date on 31 December 2010. In addition, each full-time Porsche AG employee covered by the collective pay agreement who joined the company on or before 1 August 2010 will receive a voluntary special payment of 1,700 euro for the past short financial year 2010.