In a market hard-hit by the Coronavirus crisis, VW fared better than many of its foreign peers in spite of a significant decrease in sales volumes. Nonetheless, the EBIT contraction in Q1 has been dramatic (-81.4%), and the impact on Q2 results is set to be even greater. The gradual recovery in China could help lift some of the pressure of the dire Q2 scenario.
05 May 2020
Chinese recovery (and dividend) to help lift some of the COVID-19 pressure
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Chinese recovery (and dividend) to help lift some of the COVID-19 pressure
In a market hard-hit by the Coronavirus crisis, VW fared better than many of its foreign peers in spite of a significant decrease in sales volumes. Nonetheless, the EBIT contraction in Q1 has been dramatic (-81.4%), and the impact on Q2 results is set to be even greater. The gradual recovery in China could help lift some of the pressure of the dire Q2 scenario.