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The Volkswagen Group:
• 9.8 percent share of the world passenger car market
• 48 production plants worldwide
• Vehicle sales in more than 150 countries
The Volkswagen Group with its headquarters
in Wolfsburg, Germany, is one of the world’s
leading automobile manufacturers and the
largest carmaker in Europe. In 2007, the
Group increased the number of vehicles
delivered to customers to 6.2 million
(2006: 5.7 million), corresponding to a 9.8
percent share of the world passenger
car market.
In Western Europe, the largest car
market in the world, almost one in every
five new cars (19.5 percent) comes from the
Volks wagen Group. Group sales rose in 2007
to 108.9 billion euros (2006: € 104.9 billion).
Profit after tax in the 2007 financial year
amount ed to € 4.12 billion (2006: € 2.75 bil-
lion).
The Group is made up of eight brands:
Volkswagen Passenger Cars, Audi, Bentley,
Bugatti, Lamborghini, SEAT, Skoda and
Volkswagen Commercial Vehicles.
Each brand has its own character and
operates as an in dependent entity on the
market. The product range extends from
low-consumption small cars to luxury class
vehicles. In the commercial vehicle sector,
the product offering spans pick ups, busses
and heavy trucks. Volkswagen Financial
Services AG – 100%-owned subsidiary of
Volkswagen – is the largest automobile
financial services provider in Europe and
coordinates the financial services activities
of the Volks wagen Group.
Key Figures of the Volkswagen Group (Fiscal Year 2007)
Sales revenue € 108.9 bn
Profit after tax € 4.12 bn
Dividend proposal per ordinary share € 1.80
(for fiscal year 2007)
Dividend proposal per preferred share € 1.86
(for fiscal year 2007)
Net liquidity automotive division* € 13.5 bn
Market capitalization ** € 54.0 bn
*December 31, 2007 ** March 7, 2008
The Group operates 48 production plants in
thirteen European countries and a further
six countries in the Americas, Asia and Africa.
Around the world, more than 329,000 em-
ployees produce almost 25,400 vehicles or
are involved in vehicle- related services
each working day. The Volkswagen Group
sells its vehicles in more than 150 countries.
It is the goal of the Group to offer attract-
ive, safe and environmentally sound vehicles
which are competitive on an increasingly
tough market and which set world standards
in their respective classes.
Profi t before tax, € billion
ISIN German ID Reuters BloombergVOLKSWAGEN AG Symbol SymbolOrdinary Shares DE0007664005 766400 VOWG VOWPreferred Shares DE0007664039 766403 VOWG_p VOW3
ADR Ordinary Shares* US9286623031 879511 VLKAY.PK VLKAYADR Preferred Shares* US9286624021 A0DPR2 VLKPY.PK VLKPY* ADR ordinary and preferred share ratio 5:1
Security Identification Numbers
Countries with production plants of the Volkswagen Group (December 31, 2007)
52 weeks high/low*€ 197.90 / € 94.22
€ 131.00 / € 65.67
$ 57.73 / $ 26.35
$ 38.10 / $ 18.85
* March 7, 2008
Index Constituent:
DAX®, HDAX®, CDAX®, Prime All Share,
Prime Automobile,
DJ Euro STOXX 50,
DJ Euro STOXX Automobile,
FTST Eurotop 100 Index, S&P Global 100 Index,
DJ Sustainability World Index,
Advanced Sustainability Performance Index,
FTSE4Good
Index Membership
2000 2001 2002 2003 2004 2005 2006
1.0
2.0
3.0
4.0
0
5.0
2007
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
VORZUEGE STAEMME
DAX EURO STOXX 50
EURO STOXX Automobile
6.0
3.72
4.41
3.99
1.351.09
1.62 1.79
7.06.54
Fact Sheet (March 2008)
100
200
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500
GermanyVolkswagen AktiengesellschaftInvestor Relations Brieffach 1849
D-38436 Wolfsburg Phone Hotline: +49 (0)5361 986 622 Fax +49 (0)5361 930 411
United KingdomVolkswagen AktiengesellschaftInvestor Relations17C Curzon Street, London W1J 5HU Phone +44 (0) 20 7290 7820 Fax +44 (0) 20 7629 2405
USAVolkswagen Group of America, Inc.Investor Relations Liaison Office(Questions relating toAmerican Depositary Receipts)Brieffach OP / 4M01
3800 Hamlin RoadAuburn Hills, Michigan 48326
USAPhone +1 248 754 5000
Fax +1 248 754 6405
www.volkswagenag.com/ir
Contact
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1.5
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1.1
1.3
1.4
Global economic growth in 2008 is likely to be lower than in the previous year. Global automotive markets will also expand at a slower pace compared with 2007. We expect growth to be slowed primarily by further rises in the price of energy and commodities, particularly oil, as well as the current CO2 debate. The repercussions of the crisis in the US property market will also impact negatively. We expect trends in the most important automotive markets to vary from region to region, with markets in Asia, particularly in China and India, expanding at the previous year’s strong rates. Growth in South American markets will slow. The number of new registrations in Western Europe is likely to be lower year-on-year, while the Eastern European markets may record sharp increases again. We expect the situation in the North American market to remain diffi cult.
Its diverse range of brands gives the Volkswagen Group a critical competitive advantage. In 2008, almost all brands
will again present attractive new models, enabling us to selectively complement the Group’s product portfolio and move into further market segments. We therefore expect deliveries to customers to exceed the record set in 2007, with sales fi gures rising in the Asia-Pacifi c and Central and Eastern Europe regions in particular.
As a result of the expected increase in unit sales, the Volkswagen Group’s sales revenue in 2008 will be higher year-on-year. The further optimization of our processes and continued systematic cost discipline will also have a positive impact on earnings development. As a result of upfront expenditures on new products, powertrains and locations, the ratio of investments in property, plant and equipment to sales revenue (capex) will be at a competitive level of around 6%.
Overall, we expect the Volkswagen Group’s 2008 operating profi t to exceed the 2007 level.
Ordinary and Preferrred Shares in comparison Deliveries to Customers by Market (million)
This report contains forward-looking statements on the busi-ness development of the Volkswagen Group. These statements are based on assumptions relating to the development of the economies of individual countries, and in particular of the auto motive industry, which we have made on the basis of the information available to us and which we consider to be realistic at the time of going to press. The estimates given entail a degree of risk, and the actual developments may differ from those forecast.
Consequently, any unexpected fall in demand or economic stagnation in our key sales markets, such as Western Europe (and especially Germany) or in the USA, Brazil or China, will have a corresponding impact on the develop-ment of our business. The same applies in the event of a signifi cant shift in current exchange rates relative to the US dollar, sterling, yen, Brazilian real, Chinese renminbi and Czech koruna.
Disclaimer
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Volkswagen ordinary share
Volkswagen preferred share
German Share Index (DAX)
DJ Euro STOXX 50
DJ Euro STOXX AutomobilesIndex based on month-end prices: Dec. 31, 2004 = 100
Dividend (€)*
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per ordinary share per preferred share
* ADR ordinary and preferred share ratio 5:1
** Dividend Proposal
Outlook for 2008
March 7, 2008
Worldwide
Western Europe
Germany
China
USA
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(Dec. 31, 2007)
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Revenues by Brand and Business Field, € billion Operating Profi t by Brand and Business Field, € billion
Development in Fiscal Year 2007
VolkswagenPassenger Cars
VolkswagenGroup
Audi
ãkoda
SEAT
Bentley
VolkswagenCommercial Veh.
VolkswagenPassenger Cars
VolkswagenGroup
Audi
ãkoda
SEAT
BentleyVolkswagenCommercial Veh.
108.9
104.9
73.9
70.7
33.6
31.7
8.0
7.2
5.9
5.9
1.4
1.3
9.3
8.1
6.15
2.01
1.94
0.92
2.71
2.05
0.71
0.51
0.01-0.16
0.16
0.14
0.31
0.14
2007 2006 2007 2006
Other -33.4
-28.9Other -0.63
-0.06
Revenues by Market, € billion
Europe/Remaining Markets
2007 2006
VolkswagenGroup
NorthAmericaSouth America/South Africa
Asia/Pacifi c
108.9
104.9
77.7
74.8
13.2
14.6
10.4
8.8
7.5
6.7
1.6
1.7
1.8
1.9
Financial Services Division
10.1
8.9
Financial Services Division
0.96
0.84
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