The share of Volkswagen AG strengthens after the announcement of the results of the German car industry for 2021 after the closing on Friday.
The share increased by 6.2%.
The carmaker has warned of a possible negative impact on its operations since the war in Ukraine, but the outlook for 2022, which includes an operating return on sales of between 7% -8.5%, looks stable, Citigroup said.
RBC Capital Markets stresses that Volkswagen’s revenue growth target for the year suggests strong pricing could continue.
In terms of financial results for 2021, Volkswagen left its after-tax profit for the year at 15.43 billion Euros from 8.82 billion Euros, while revenues increased to 250.2 billion Euros from the 222.88 billion Euros.
The Audi and Porsche brands of the group contributed to a strong profit margin in the last quarter of the year, RBC stressed.
Operating profit for the fourth quarter stood at 5.97 billion euros, higher than convergent estimates of 3.98 billion euros.
Source: Capital
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