OK, who's up for this?

dxg · Post by **dxg** » Thu Mar 31, 2005 1:29 am

I have the figures here, but I thought this would be more interesting for everyone else... I also think it might open some eyes.

Who wants to guess what the world-wide sales revenue of the Volkswagen Group was in 2004?

OK, now that you've got that figure, guess its profit on those sales, after taxation and specials.

I think you'll be amazed at the real figures (and the consequent profit margin). I know I was!

Deek.

Tahrey1043 · Post by **Tahrey1043** » Thu Mar 31, 2005 2:07 am

tuppence, half a bag of crips and a teabag (used twice).

if you discount the tax, misplace the decimal point and ignore all money earnt in euros, dollars, and queegleflarbs.

Petrified · Post by **Petrified** » Thu Mar 31, 2005 12:46 pm

$12,309,400,210.98

dxg · Post by **dxg** » Thu Mar 31, 2005 5:55 pm

Oh well, I just thought this was interesting...

Anyway, VAG's world-wide sales revenue in 2004 was 88,963,000,000 Euros (Â£61,094,000,000).

But, and this is the kicker, their profit margin before tax was 1.2%. After tax, it was 0.8%.

Deek.

GaryUK · Post by **GaryUK** » Thu Mar 31, 2005 6:17 pm

Crikey,

I would have thought 20-30% profit. 0.8% is abit poor.

Andrew B · Post by **Andrew B** » Thu Mar 31, 2005 7:11 pm

Thats good, I think most of the other big players are losing big money, Ford, Chrysler/Merc, all are struggling to break even, future for VW could be similar, they have a lot of excess staff in Germany and because of the labour laws over there, they cannot get rid of them, so this is eating into profits.

GroovyCarrot · Post by **GroovyCarrot** » Thu Mar 31, 2005 8:09 pm

Blimey.. that's not a big margin.
Although, it's still Â£488,752,000.. which is quite a big not very big margin in my book

jezmk4 · Post by **jezmk4** » Thu Mar 31, 2005 8:59 pm

is that 61 billion pounds?

i cant get my head around that number

mikegti · Post by **mikegti** » Fri Apr 01, 2005 3:08 am

dxg wrote:Anyway, VAG's world-wide sales revenue in 2004 was 88,963,000,000 Euros (Â£61,094,000,000).

does this mean 'sales' as in total income?

Petrified · Post by **Petrified** » Fri Apr 01, 2005 6:12 pm

yeah, turnover. looks pretty healthy

Tahrey1043 · Post by **Tahrey1043** » Sat Apr 02, 2005 1:53 pm

can't even get my head around Â£488 million

...that's approx 48,000x my current annual salary.