• Volkswagen press release (OTCPK:VWAGY): Q3 Earnings after tax of €1.58B (-64% Y/Y)
• Revenue of €78.49B (-0.5% Y/Y).
• For FY 2024: The Volkswagen Group expects deliveries to customers to be around 9 million vehicles (2023: 9.24 million vehicles). The company expects Group sales revenue to be around 320 billion euros (2023: 322.3 billion euros).
• In terms of operating result, the company expects to achieve around 18 billion euros (corresponding to an operating return on sales of around 5.6%).
• In the Automotive Division, the Group expects the net cash flow to reach around 2 billion euros. This forecast includes the assumption of cash outs for M&A activities in the amount of around 3.5 billion euros, of which approximately 2 billion euros is attributable to cash out in connection with the planned joint venture with Rivian. Net liquidity in the Automotive Division is expected to be in the range of 36 to 37 billion euros in 2024.

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