/ Audi, Industry, News, Porsche, Volkswagen / VW AG profit tops analysts expectations

VW AG profit tops analysts expectations

Linked In Share
VW AG profit tops analysts expectations

The German carmaker managed to thoroughly beat analyst expectations, as its first quarter profit jumped 22% on record increases at the Audi and Porsche divisions.

The rather unexpected big surge in operating profit has now left analysts expecting the carmaker to soon revise its full year forecast, to better reflect the gains. In February, the automaker posted a rather cautious earnings guidance, forecasting its operating margin for 2014 in between 5.5 and 6.5%, from the 5.9% it made in 2013.

“There’s an 80 percent chance VW will raise its guidance in the next three to four months,” said Frankfurt-based Metzler Bank analyst Juergen Pieper.

“It’s more important than ever that we focus on three key areas – disciplined cost and investment management, profitability targets and improved profitability in all regions,” finance chief Hans-Dieter Poetsch said.

Europe’s car sales, with the region accounting for around 40% of the automaker’s sales, have recorded in March their seventh straight month of gains, with Volkswagen even having to run additional production shifts in order to meet increased demand for some models, like the Golf or Tiguan.

With Audi and Porsche accounting for around two thirds of the group’s total profit, the operating profit surely jumped, as Audi increased first quarter deliveries by 11.7% to 413,000 units and Porsche grew 4.5% to 38,700 cars.

Via Reuters

by Aurel Niculescu (my Google+) - Wednesday, April 30th, 2014 - filed under Audi, Industry, News, Porsche, Volkswagen. Image credit: .
Linked In Share
Related Articles
group operating profit increase vw ag


Discuss: VW AG profit tops analysts expectations

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Recall roundup: Acura RLX for headlight problems
Recall roundup: Acura RLX for headlight problemsAcura has issued a recall for the new RLX because of some problems with the headlights which might increase the possibility of a ...
Ford Racing introducing ECU Tune for EcoBoost engines
Ford Racing introducing ECU Tune for EcoBoost enginesSome performance cars produced by Ford will now become even more powerful thanks to an ECU tune made available by Ford ...
Recall roundup: Chrysler pickup trucks for clutch ignition switch problems
Recall roundup: Chrysler pickup trucks for clutch ignition switch problemsThe Chrysler Group has recently issued a recall for several pickup trucks because of a problem with the clutch ignition ...
[VIDEO] Carbuyer reviews the Skoda Octavia Scout
[VIDEO] Carbuyer reviews the Skoda Octavia ScoutThe new generation of the Skoda Octavia Scout is being praised in the newest review which is signed by Carbuyer. The most ...
Rented Ferrari 458 Spider crashed on Christmas day in Las Vegas
Rented Ferrari 458 Spider crashed on Christmas day in Las VegasA new incident involving a Ferrari 458 Spider is coming from Las Vegas as this happened on Christmas day. The driver of this ...
[VIDEO] Dodge Challenger SRT Hellcat reviewed by Salomondrin
[VIDEO] Dodge Challenger SRT Hellcat reviewed by SalomondrinFamous car guy Salomindrin has released a video review of his personal Dodge Challenger SRT Hellcat. Most of us know Salomondrin ...
Shelby GT350 Mustang – first unit to be auctioned off
Shelby GT350 Mustang – first unit to be auctioned offThe first production unit of the new Shelby GT350 Mustang will be auctioned off next month, at the Barrett-Jackson, in ...
Lamborghini Aventador 50th Anniversary for sale
Lamborghini Aventador 50th Anniversary for saleA limited edition of the Lamborghini Aventador, the one created to celebrate the company’s 50th birthday, is currently being ...
Automotive HUD sector to reach $8.3 billion status by 2020
Automotive HUD sector to reach $8.3 billion status by 2020The head-up display, a very high-tech achievement that was first developed for jet fighters, has long since breached the ...
2016 BMW X1 leaked
2016 BMW X1 leakedThe front fascia of the next generation BMW X1 has leaked all over the web ahead of the model’s introduction in ...
[VIDEO] See a Dodge Challenger SRT Hellcat race Camaro on NOS and custom Mustang GT
[VIDEO] See a Dodge Challenger SRT Hellcat race Camaro on NOS and custom Mustang GTAn impressive drag race has been caught on camera recently which includes the Dodge Challenger SRT Hellcat, a Chevrolet Camaro on ...
US: suppliers add jobs, facilities on increased GM pickup production
US: suppliers add jobs, facilities on increased GM pickup productionGeneral Motors has introduced the redesigned Chevrolet Colorado and GMC Canyon pickups on the production roaster this year and ...
European Ford Mustang’s price leaked
European Ford Mustang’s price leakedThe price of the European Ford Mustang has recently leaked out and this will start from 34,000 euros in Germany. The new ...
Facelifted BMW 3-Series rendered
Facelifted BMW 3-Series renderedOne of the first renderings with the upcoming version of the BMW 3-Series has just hit the web. BMW is currently working on a ...
US: states need to rethink impaired driving laws because of marijuana
US: states need to rethink impaired driving laws because of marijuanaBecause the legalization of marijuana has become a widespread fact now, US states need to answer one simple – but utterly ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 skoda octavia scout 1
lamborghini aventador 50th anniversary 1
2016 bmw x1 1
volkswagen passat gte police 1
2015 skoda superb leaked 1
2015 Honda CR-V 1
2015 mazda carol 1
Audi Exclusive RS6 Avant 1
mg gts 1
ferrari f355 spider crash chile 1
BMW X6 M50d tuning Hamann 1
Ferrari 360 Modena fire hong kong 1

More automotive from inautonews
Acura has issued a recall for the new RLX because of some problems with the headlights which might increase the possibility of a crash, especially at night. The newest recall announced by Acura is covering the 2014 - 2015 RLX. According to the car manufacturer, there is a problem with the aluminum ...
read more
Inautonews Editors Section
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Acura RLX for headlight problemsAcura has issued a recall for the new RLX because of some problems with the headlights which might ... Recall roundup: Chrysler pickup trucks for clutch ignition switch problemsThe Chrysler Group has recently issued a recall for several pickup trucks because of a problem with ...
Safety Section