Volkswagen on a Award-Winning roll Auditing company
PricewaterhouseCoopers (PwC) presented this year’s European Automotive Shareholder Value Award to the Volkswagen Group. Europe’s biggest automaker achieved the highest increase in shareholder value of all companies in the European automotive industry. The Volkswagen won same award in a global comparison recently in January. Its value has been consistent in both, a one-year and a three-year period. A companies performance is measured by the European Automotive Shareholder Value Index (SVI). A company’s rise and fall in share prices, dividends, share buy-backs and new share issues. Are taken into account. SVI monitors the value of €100 invested in a particular stock (as per a period) and compares shareholder returns for the same period. Volkswagen had 65% increased shared in a one-year period while SVI reported a 5% rise.
The total shareholder return increased by 432% for the three-year period, SVI only reported 88 % growth. The Volkswagen Group struck again by a record delivery of 568,000 vehicles in April. The task is commendable as the European auto industry faces one of its toughest times. Their delivery process has seen a rise of 7.9 % since last year. The Group’s eight brands delivered 2.14 million vehicles to customers all over the world from January to April this year. The European auto giant is ever-growing and never fails to surprise (even in troubled times).
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