Company Overview of Volkswagen Financial Services AG
Volkswagen Financial Services Aktiengeselschaft provides various automobile financial services for private/corporate and fleet, and direct banking customers in Germany, Europe, Latin America, the Asia Pacific, and other countries. It also leases vehicle fleets to private and corporate customers; and insurance brokerage and direct banking services. The company is headquartered in Braunschweig, Germany. Volkswagen Financial Services Aktiengeselschaft operates as a subsidiary of Volkswagen AG.
Gifhorner Strasse 57
Key Executives for Volkswagen Financial Services AG
Chairman of Management Board
Head of Asset Backed Securitisation
Head of Strategic Trends & Innovation
Head of Capital Markets & Rating
Head of Asset-Liability Management & Treasury Mid-Office
Compensation as of Fiscal Year 2015.
Volkswagen Financial Services AG Key Developments
Volkswagen Financial Services Announces Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year of 2015
Apr 29 15
Volkswagen Financial Services announced earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales revenue of EUR 6,928 million against EUR 5,777 million a year ago. Operating profit was EUR 473 million against EUR 430 million a year ago. Profit before tax was EUR 497 million against EUR 467 million a year ago. Profit after tax was EUR 378 million against EUR 342 million a year ago. Negative cash flows from operating activities were EUR 1,073 million against EUR 752 million a year ago. Investment in intangible asset was EUR 69 million against EUR 51 million a year ago.
For 2015, the company expects operating profit at the prior-year level.
Volkswagen Financial Services AG Presents at Securitization and Structured Finance in Latin America 2015, May-14-2015 12:45 PM
Apr 16 15
Volkswagen Financial Services AG Presents at Securitization and Structured Finance in Latin America 2015, May-14-2015 12:45 PM. Venue: Conrad Miami, Florida, United States. Speakers: Herbert Luis souza, Head of Treasury.
Volkswagen Financial Services AG Reports Earnings Results for the Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Mar 18 15
Volkswagen Financial Services AG reported earnings results for the ended December 31, 2014. For the year, operating result increased to EUR 1.7 billion, up by 5.5 %. Profit after taxes attributable to the company was EUR 897 million, compared to EUR 942 million for the year ended December 31, 2013. Interest income from lending transactions was EUR 3.70 billion, compared to EUR 3.34 billion for the year ended December 31, 2013. Net commission income was EUR 132 million, compared to EUR 140 million for the year ended December 31, 2013. Profit before tax was EUR 1.32 billion, compared to EUR 1.31 billion for the year ended December 31, 2013.
The operating result for the current financial year 2015 is not expected to be lower than last year.
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