Saturday, February 6, 2016

VW shifts Financial Statements and AGM – t-online.de

Because of outstanding issues related to the exhaust affair shifts the Volkswagen Group’s dates for the annual accounts and the annual general meeting.

New events his essential because “open issues related to the consequences of the exhaust subject matter and the resulting valuation issues,” VW said. For originally planned for March and April scheduled appointments there would be “timely” new data.



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As a result of the message was previously marked increase VW shares from first. Recently listed the papers but again 3.3 percent in positive territory. “The shift of the financial statements has first caused a considerable stir because investors suspect problems behind the action,” said one trader. . Soothes the other hand have the forecast for operating earnings

So VW announced simultaneously with that 2015 earnings before interest and taxes (EBIT) is expected “to last year’s level” – but before the so-called special items such as the previously announced multi-billion provision for exhaust affair. Details of such special factors not mentioned the group.

The company had originally planned to present on 10 March in Berlin its annual accounts and on April 21 to hold its Annual General Meeting in Hanover.

At the shareholder meeting, the carmaker also wanted Standings enter to investigate the scandal and the question of guilt. This timescale remained despite the shift condition.

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