Saturday 5 May 2018

VW annual report 2017

Front page of VW 2017 annual report

To read the report in full please go here and to read the previous summary then please click on VW annual report 2016 and to find out more regarding VW then please visit analysis of VW 2017. 

In the financial statement below we can directly see that VW is back on their feet again. The revenue is up from 217 to 231 billion € and the earnings have gone from 5.4 to 11.4 billion €. It looks very good at the moment for VW. 

Income statement from VW 2017

Conclusion: VW have started to do well again and their earnings are up at a high level again. The consumer world seems to be happy and highly active and apparently likes to buy German cars. I realise that I should have bought more on the dip during diesel-gate (I am sure more will come) but my experience from BP with the length and final costs simply made me cautious to do so. In this case it was probably wrong but in the next situation and case it might be a correct decision again. Future will, as always, tell. I will remain as a shareholder. That said as a life advice for building a stock portfolio to all of you: please do not buy new cars and try to drive the car you have into the ground.

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