The group delivered a total of 2.49m vehicles (i.e. cars, vans, and trucks) in the last quarter (+4.2%) which gives a 9M number of 7.61m (+2.4%). However, this positive growth for the 9M is exclusively the result of a strong rise in China (+12.5% to 2.80m), i.e. excluding this number deliveries were down by 2.0% to 4.85m. One has to take into account that these Chinese deliveries are not consolidated at the revenue and operating profit level. As the ASP was only marginally up, 9M turnover fel
27 Oct 2016
Reasonable Q3 numbers but with no further provisions
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Reasonable Q3 numbers but with no further provisions
The group delivered a total of 2.49m vehicles (i.e. cars, vans, and trucks) in the last quarter (+4.2%) which gives a 9M number of 7.61m (+2.4%). However, this positive growth for the 9M is exclusively the result of a strong rise in China (+12.5% to 2.80m), i.e. excluding this number deliveries were down by 2.0% to 4.85m. One has to take into account that these Chinese deliveries are not consolidated at the revenue and operating profit level. As the ASP was only marginally up, 9M turnover fel