Volkswagen 2020 Outlook
The executive board of volkswagen ag has revealed that the full year outlook for 2020 announced during its 2019 annual report can no longer be achieved with business severely impacted.
Volkswagen 2020 outlook. Volkswagen group on thursday said that it was withdrawing its outlook for 2020 amid uncertainty related to the coronavirus outbreak which caused a fall in demand and group revenue to. It is currently not possible to determine when a new outlook can be made for the full year. Due to the current developments the executive board of volkswagen ag assumes for now that the full year outlook for 2020 which was published with the 2019 annual report can no longer be achieved.
We also continue to believe that risks will arise from protectionist tendencies turbulence in the financial markets and structural deficits in individual countries. Volkswagen ag withdraws 2020 full year outlook due to business impacts from covid 19 pandemic announcement of preliminary q1 2020 results the ongoing covid 19 pandemic has also had a significant impact on volkswagen group s business. As a result the automobile retail network has largely came to a standstill.
Outlook the volkswagen group board of management anticipates a negative growth rate in the world economy in 2020 as a result of the spread of the sars cov 2 coronavirus. Frankfurt reuters germany s volkswagen group vowg p de withdrew its outlook for 2020 on thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit. Germany s volkswagen group withdrew its outlook for 2020 on thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit to drop 81 in the first quarter.
Frankfurt reuters germany s volkswagen group vowg p de withdrew its outlook for 2020 on thursday due to uncertainty related to the new coronavirus outbreak which caused operating profit.
