VW’s EBIT was up by 68% to €4.54bn in Q3 and stated net earnings increased by 42% to €3.79bn. The respective 9M numbers were €13.5bn (+25%) and €10.7bn (+17%). However, total comprehensive income due to shareholders fell by 61% to €736m in Q3 and by 61% to €2.46bn ytd. The latter numbers were impacted by revaluations of pension plans plus impacts from fair value changes and cash flow hedges.
30 Oct 2019
Good stated 9M profits but total comprehensive earnings sharply down
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Good stated 9M profits but total comprehensive earnings sharply down
VW’s EBIT was up by 68% to €4.54bn in Q3 and stated net earnings increased by 42% to €3.79bn. The respective 9M numbers were €13.5bn (+25%) and €10.7bn (+17%). However, total comprehensive income due to shareholders fell by 61% to €736m in Q3 and by 61% to €2.46bn ytd. The latter numbers were impacted by revaluations of pension plans plus impacts from fair value changes and cash flow hedges.