Volkswagen Lowers 2024 Forecast, Now Expects 9M Vehicle Deliveries And $320B Sales Revenue, Down From Previous Estimates Of Up To 3% And 5% Increases Respectively, Operating Result Expected Around $18B With 5.6% Return On Sales
Portfolio Pulse from Benzinga Newsdesk
Volkswagen has revised its 2024 forecast, now expecting 9 million vehicle deliveries and $320 billion in sales revenue, which is a reduction from previous estimates of up to 3% and 5% increases, respectively. The operating result is expected to be around $18 billion with a 5.6% return on sales.
September 27, 2024 | 4:34 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Volkswagen has lowered its 2024 forecast, expecting 9 million vehicle deliveries and $320 billion in sales revenue, down from previous estimates. This could impact investor sentiment negatively.
Volkswagen's reduction in forecasted vehicle deliveries and sales revenue suggests potential challenges in market conditions or operational issues. This revision is likely to lead to a negative short-term impact on the stock price as it may affect investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100