VW net profit jumps 77% on Western Europe sales

Article Abstract:

Volkswagen AG posted 77% higher net profits equivalent to 1.51 million marks, or $921 million, for the initial nine months of 1998 to surpass predictions by analysts. The company, which is the biggest automobile manufacturer in Europe, was expected to post 1.3 billion marks to 1.4 billion marks in net earnings. Enskilda Research auto analyst Lothar Lubinetzki believes that the company will only be threatened by decreasing demand in Western Europe because of an economic slowdown. Volkswagen intends to produce positive earnings for the fourth quarter of 1998.

Comment:

Posts 77% higher net profits equivalent to 1.51 million marks, or $921 million, for the first nine months of 1998

Automobiles, Automobile Manufacturing, Volkswagenwerk AG, Article

Hochtief's profit rose 8.9% in '98; revenue fell 6%

Article Abstract:

Hochtief AG posted an 8.9% rise in its net profits for the 1998 year. This was compared to the company's net profits during the 1997 year. However, Hochtief's construction revenues and new orders fell. The company reported that its yearly net profits increased to 172 million deutschemarks ($93 million) compared to 1997's 158 million deutschemarks. However, Hochtief's construction revenues fell to 12.27 billion marks, a 6% decline.

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Posts 8.9% rise in net profits for 1998 year

Finance

Hochtief says profit overall will rise despite Holzmann

Article Abstract:

Hochtief AG is expecting to see higher net profits for the 1999 year despite operating profit damage from its joint ventures with Philipp Holzmann AG.

Forecasts, trends, outlooks, Forecasts and trends