Shares and Bonds
Volkswagen AG’s ordinary and preferred shares outperformed the market as a whole in 2017 in a volatile environment. The Volkswagen Group successfully returned to the European bond market.
EQUITY MARKETS AND PERFORMANCE OF THE PRICE OF VOLKSWAGEN’S SHARES
In the period from January to December 2017, prices on the international equity markets rose amid volatile trading.
The DAX also recorded an increase compared with the end of 2016. The promising economic performance of important industrialized nations, the improved situation in the US labor market, and the outcome of the elections in some EU member states had a positive impact, as did the adopted US tax reform, which among other factors contributed to financial relief for companies. Uncertainty as regards to the economic policy of the new US government, the election results in Europe, the monetary policy of the US Federal Reserve as well as the European Central Bank, the strong euro and international crises also had a negative impact on share listings at times.
In 2017, Volkswagen AG’s preferred and ordinary shares surpassed the rising market trend amid high volatility. Positive stimulus was generated by settlement agreements in the USA in connection with the diesel issue, strong corporate earnings, sizeable cash flow and the successful performance of the Volkswagen Passenger Cars brand. Share prices were negatively impacted by the provisions required in connection with the diesel issue as well as uncertainty about further legal risks arising from the diesel issue, suspected antitrust behavior by German automotive companies and the future regulatory framework for diesel and electric vehicles.
(XLS:)
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VOLKSWAGEN KEY SHARE FIGURES AND MARKET INDICES FROM JANUARY 1 TO DECEMBER 31, 2017 |
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High |
Low |
Closing |
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|
|
|
|
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Ordinary share |
Price (€) |
173.95 |
128.70 |
168.70 |
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|
Date |
Nov. 30 |
Aug. 10 |
29.12. |
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Preferred share |
Price (€) |
178.10 |
125.35 |
166.45 |
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|
Date |
Nov. 30 |
Aug. 31 |
29.12. |
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DAX |
Price |
13,479 |
11,510 |
12,918 |
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|
Date |
Nov. 3 |
Feb. 6 |
29.12. |
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ESTX Auto & Parts |
Price |
610 |
508 |
593 |
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|
Date |
Nov. 3 |
July 31 |
29.12. |
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SHARE PRICE DEVELOPMENT FROM DECEMBER 2016 TO DECEMBER 2017
Index based on month-end prices: December 31, 2016 = 100
FURTHER INFORMATION ON VOLKSWAGEN SHARES
www.volkswagenag.com/ir