Volkswagen Expects Return to Pre-Crisis Levels in 2022
16 Novembro 2020 - 12:42PM
Dow Jones News
By Kim Richters
Volkswagen AG expects a return to pre-coronavirus performance
levels in 2022, Chief Executive Herbert Diess said on Monday in a
conference call concerning the company's latest five-year planning
round.
The German car maker forecasts significantly higher deliveries
in 2021 than in 2020, while sales are expected to follow the same
trend, Chief Financial Officer Frank Witter said. He added that a
more detailed outlook for 2021 would be provided early next
year.
Volkswagen is also on track to meet its strategic targets for
2025, which include an operating return on sales before special
items of between 7% and 8%, management said.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 16, 2020 10:27 ET (15:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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