Ad-hoc | 2 February 2010 12:59
VOLKSWAGEN AG / Miscellaneous
02.02.2010
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Volkswagen Board of Management firms up 'Strategy 2018' and
approves publication of medium-term planning targets
At its meeting on Tuesday, the Board of Management of Volkswagen
Aktiengesellschaft firmed up the Company's 'Strategy 2018' and
approved medium-term corporate targets. The decision was taken to
publish key figures relating to the Volkswagen Group's medium-term
development.
Under these plans, the Volkswagen Group is aiming for a medium-term
EBIT margin for the automotive business of at least 5 percent, not
including the integration of Porsche planned for 2011. Unit sales
are to grow in the medium term to approximately 8 million and to top
the 10 million mark by 2018. By then, the ratio of Group profit
before tax to sales is to be in excess of 8 percent.
With the implementation of 'Strategy 2018', the Volkswagen Group is
seeking global economic and environmental leadership in the
automotive industry by 2018.
'Strategy 2018' entails further significant cost cutting, in part
through the more prominent use of the modular design principle. In
addition, the Volkswagen Group will press ahead with its diversified
research and development into environmentally-friendly drivetrains.
At the same time, strict investment and capital discipline will
continue to apply. The capex-to-sales ratio in the Automotive
Division is to stay at approximately 6 percent in the medium and
long term.
The target return on investment from the automotive business by 2018
has been set at over 16 percent.
Wolfsburg, February 2, 2010
Volkswagen AG - The Board of Management
02.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: VOLKSWAGEN AG
Brieffach 1849
38436 Wolfsburg
Deutschland
Phone: +49 (0)5361 9 - 49840
Fax: +49 (0)5361 9 - 30411
E-mail: christine.ritz@volkswagen.de
Internet: www.volkswagenag.com/ir
ISIN: DE0007664039, DE0007664005
WKN: 766403, 766400
Indices: DAX, Euro Stoxx 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Düsseldorf, München, Hannover, Stuttgart, Hamburg;
Terminbörse EUREX; Foreign Exchange(s) London, Luxembourg,
SWX
End of News DGAP News-Service
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