Shares and Bonds
Volkswagen AG’s ordinary and preferred shares underperformed the market as a whole amid volatility in 2018. The Company successfully reentered the US capital market for the first time since the emergence of the diesel issue.
EQUITY MARKETS AND PERFORMANCE OF THE PRICE OF VOLKSWAGEN’S SHARES
In the period from January to December 2018, declining prices overall were seen on the international equity markets amid volatile trading.
The DAX recorded a drop compared with the end of 2017. Uncertainty regarding the economic policy of the US government, the monetary policy of the US Federal Reserve as well as the European Central Bank and the economic risks of some countries had a lasting negative impact on share prices. The promising economic performance of important industrialized nations and the formation of governments in the individual EU countries had a positive effect.
Throughout 2018, Volkswagen AG’s preferred and ordinary share prices followed the decreasing market trend amid high volatility. Strong liquidity and the enhancement of the management structure at the Volkswagen Group provided a positive impetus. Share prices were negatively impacted, in particular by uncertainty about the future regulatory framework for diesel and electric vehicles, the diesel issue, the US tariff policy and the WLTP test procedure for determining pollutant and CO2 emissions and fuel consumption for passenger cars and light commercial vehicles.
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VOLKSWAGEN KEY SHARE FIGURES AND MARKET INDICES |
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|---|---|---|---|---|---|---|---|---|
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|
High |
Low |
Closing |
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|
|
|
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Ordinary share |
Price (€) |
188.00 |
131.10 |
139.10 |
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|
Date |
Jan. 22 |
Oct. 24 |
Dec. 28 |
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Preferred share |
Price (€) |
188.50 |
133.70 |
138.92 |
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|
Date |
Jan. 22 |
Oct. 24 |
Dec. 28 |
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DAX |
Points |
13,560 |
10,382 |
10,559 |
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|
Date |
Jan. 23 |
Dec. 27 |
Dec. 28 |
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ESTX Auto & Parts |
Points |
656 |
415 |
420 |
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|
Date |
Jan. 22 |
Dec. 27 |
Dec. 28 |
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SHARE PRICE DEVELOPMENT FROM DECEMBER 2017 TO DECEMBER 2018
Index based on month-end prices: December 31, 2017 = 100
FURTHER INFORMATION ON VOLKSWAGEN SHARES
www.volkswagenag.com/en/InvestorRelations.html