Reviews Volkswagen surprised at the beginning of the year with billions winning
confirmed! VW conducts conversations about Formula 1 entry
McLaren Managing Director Zak Brown has confirmed first discussions with the Volkswagen Group regarding possible cooperation in Formula 1. © Provided by sport1.de confirmed! VW conducts conversations about Formula 1 entry McLaren Managing Director Zak Brown has confirmed first discussions with the Volkswagen Group regarding a possible cooperation in Formula 1. But it has not come to an agreement.
Hamburg (Reuters) - Volkswagen has achieved a billions in China despite the Ukraine war and binding production because of the Corona fight in China at the beginning of the year.
In doing so, the Wolfsburg's massif benefited from financial instruments, with which the Group has secured itself against the increase in commodity prices. The operating result from special items jumped in the first quarter to around 8.5 billion euros, as the carmaker reported on Thursday on the basis of first estimates. Before the year of operation, the operating profit had at 4.8 billion euros. The operational returns doubled almost to 13.5 (7.7) percent in the first three months compared to the same period of the previous year.
VOLKSWAGEN. Two German factories stopped due to lack of supply from Ukraine
© Ronny Hartmann / AFP The manufacture will be interrupted from March 1st to 4th in Zwickau and March 2-4 in Dresden. The Volkswagen group will have to interrupt for a few days, early March, production in two German factories for lack of supply on the share of Ukrainian suppliers because of the Russian invasion.
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For the increase in profit, in addition to the robust operational business, a positive fair value assessment on security instruments has taken care of 3.5 billion euros, Specified VW further. Due to the long-term hedging through financial instruments, the Group still pays prices for raw materials in the amount, as they were before the Ukraine war. The difference to the current price level ensures a book gain.
outlooking out the management of Group Chief Herbert this, it continues to have the risk that the progress of Ukraine war has a negative impact on the business of the autoconzern. This could also result from supply bottlenecks in the supply chain. Further development on the commodity markets is not predictable, which in turn can have significant effects on the assessment of hedging transactions. Volkswagen also referred to possible negative effects in a tightening corona pandemic as well as from the persistent delivery bottlenecks in semiconductors.
Nevertheless, Volkswagen did not change the outlook for the current year. Accordingly, for 2022, the Group expects an operational return between 7.0 and 8.5 percent. Sales should increase in a range between eight and 13 percent.
Monetary Policy: Economic Researcher: Monetary Policy Before Talk Conflict As in the 1970s .
© Provided by Handelsblatt The European Central Bank decides on Thursday again on the key interest rate. Photo: DPadata Portal-Copyright = Inflation in Germany is not as high as 41 years. Leading economic institutions expect an increase in key interest rates only for the fourth quarter. The leading economic research institutes see the central banks in the face of high inflation and cloudy economic outlook in front of a difficult ridge hike.