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April 19, 2015 6:57 PM ET

Consumer Finance

Company Overview of Volkswagen Financial Services AG

Company Overview

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 is a subsidiary of Volkswagen AG.

Gifhorner Strasse 57

Braunschweig,  38112

Germany

11,305 Employees

Phone:

49 531 212 0

Key Executives for Volkswagen Financial Services AG

Chairman of Management Board
Age: 55
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 2014.

Volkswagen Financial Services AG Key Developments

Volkswagen Financial Services AG Reports Earnings Results for the Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

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.

Volkswagen Financial Services AG to Report Fiscal Year 2014 Results on Mar 17, 2015

Volkswagen Financial Services AG announced that they will report fiscal year 2014 results on Mar 17, 2015

Volkswagen Financial Services AG Reports Earnings Results for the First Three Quarters of 2014; Provides Earnings Guidance for the Full Year of 2014

Volkswagen Financial Services AG reported earnings results for the first three quarters of 2014. For the period, the company's EBIT stood at EUR 1.2 billion, up 8% on the year. The company's arm expects this year's operating profit to exceed the result achieved in 2013.

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