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    VOW3   DE0007664039

VOLKSWAGEN AG

(VOW3)
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Volkswagen : First victory of the Audi R8 LMS in Super GT

10/26/2020 | 11:10am EDT

Audi R8 LMS GT2

High level of attention: Audi China included the Audi R8 LMS GT2 in a market launch of RS and S models, which was also accompanied by the actress Dilireba, who is well-known in China. 30 million viewers followed the presentation in the social media, generating 200 million impressions. The Audi R8 LMS GT2 is currently on tour in China. Future customers had the chance to test the racing car for the first time in Shanghai with the Absolute Racing team. In the last week of October, Team TSRT will take the opportunity to show customers the most powerful racing car from the Audi Sport customer racing model range in Zhuhai.

Audi R8 LMS GT4

Long distance victory in Magny-Cours: Team Milan Competition celebrated a class win at the fifth round of the Trophee Tourisme Endurance at Magny-Cours after four hours of racing. In the mixed sports and touring car series, Pierre Arraou and Denis Gibaud in the Audi R8 LMS GT4 won the T5 group by 30 seconds.

Audi RS 3 LMS (TCR)

Leading the standings for the finale: Team Comtoyou Racing maintained its leading position in two out of three rankings at the home game in TCR Europe. After the two races at Spa, Jean-Michel Baert's team, which enters three Audi RS 3 LMS cars, leads the team standings before the finale in Jarama with a 94-point advantage. In the Yokohama Trophy, Nicolas Baert is seven points ahead of his teammate Sami Taoufik. In the overall championship standings, Audi driver Mehdi Bennani is second out of 29 drivers, 26 points behind the championship leader.

Trophy in Hungary: In the final round of the Eset V4 Cup, Audi customer team Hornák Aditis achieved a podium finish in its class. In the one-hour race at the Hungaroring, Radim Adámek and Miro Hornák in their Audi RS 3 LMS finished third.

Second place in Oschersleben: Max Frederik Gruhn achieved another podium result in German club racing with his Audi RS 3 LMS. After the junior had been on the podium several times as a regular participant in the Spezial Tourenwagen Trophy, he started in the third round of the Northern German ADAC Börde Touring Car Cup. After two hours of racing, he took second place in his class.

Coming up next week

29/10-01/11 Barcelona (E), rounds 9 and 10, GT Cup Open Europe

30/10-01/11 Lausitzring (D), rounds 11 and 12, ADAC GT Masters

30/10-01/11 Lausitzring (D), rounds 9 and 10, ADAC GT4 Germany

30/10-01/11 Laguna Seca (USA), round 9, IMSA Michelin Pilot Challenge

30/10-01/11 Laguna Seca (USA), round 10, IMSA WeatherTech SportsCar Championship

30/10-01/11 Buriram (THA), rounds 1 and 2, Thailand Super Series

31/10-01/11 Aragón (E), rounds 9 and 10, FIA WTCR

31/10-01/11 Okayama (J), round 3, Super Taikyu Series

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2021 251 B 298 B 298 B
Net income 2021 13 734 M 16 308 M 16 308 M
Net cash 2021 30 791 M 36 561 M 36 561 M
P/E ratio 2021 8,13x
Yield 2021 3,16%
Capitalization 129 B 153 B 153 B
EV / Sales 2021 0,39x
EV / Sales 2022 0,35x
Nbr of Employees 662 653
Free-Float 56,8%
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Technical analysis trends VOLKSWAGEN AG
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Mean consensus BUY
Number of Analysts 26
Average target price 275,95 €
Last Close Price 224,10 €
Spread / Highest target 38,3%
Spread / Average Target 23,1%
Spread / Lowest Target -17,4%
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Managers and Directors
NameTitle
Herbert Diess Chairman-Management Board
Arno Antlitz Chief Financial Officer
Hans Dieter Pötsch Chairman-Supervisory Board
Frank Witter Head-Finance & Information Technology
Kurt Michels Chief Compliance Officer
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