A strong first half for the Volkswagen brand
05 Aug 2018|1,394 views
In the first half of the year, the brand recorded significant increases in sales revenue, operating profit and return on sales. From January to June, sales revenue reached €42.7 billion, eight percent over the prior-year figure, largely driven by the strong rise in vehicle sales. With 3.12 million vehicles delivered, a new half-yearly record was achieved.
After eliminating special items, the operating profit rose by 20 percent to €2.1 billion. The operating return on sales improved to five percent (compared with 4.5 percent in 2017). In connection with the processing of the diesel crisis, the brand recorded one-off expenses in the amount of €1.6 billion in the first half. The operating profit after special items was therefore €0.5 billion.
"The good operating performance in the first half of the year shows that we are making progress step-by-step with the realignment of the Volkswagen brand. Customer demand for our new models continues at a high level. At the same time, we are continuing to exercise cost discipline. We must consistently pursue this path and further accelerate our transformation to raise our earnings power to a really competitive level that is viable for the future in the long term," said Dr. Arno Antlitz, Member of the Board of Management of the Volkswagen brand responsible for Sales.
In the first half of the year, the brand recorded significant increases in sales revenue, operating profit and return on sales. From January to June, sales revenue reached €42.7 billion, eight percent over the prior-year figure, largely driven by the strong rise in vehicle sales. With 3.12 million vehicles delivered, a new half-yearly record was achieved.
After eliminating special items, the operating profit rose by 20 percent to €2.1 billion. The operating return on sales improved to five percent (compared with 4.5 percent in 2017). In connection with the processing of the diesel crisis, the brand recorded one-off expenses in the amount of €1.6 billion in the first half. The operating profit after special items was therefore €0.5 billion.
"The good operating performance in the first half of the year shows that we are making progress step-by-step with the realignment of the Volkswagen brand. Customer demand for our new models continues at a high level. At the same time, we are continuing to exercise cost discipline. We must consistently pursue this path and further accelerate our transformation to raise our earnings power to a really competitive level that is viable for the future in the long term," said Dr. Arno Antlitz, Member of the Board of Management of the Volkswagen brand responsible for Sales.
Latest COE Prices
April 2024 | 2nd BIDDING
NEXT TENDER: 08 May 2024
CAT A$94,010
CAT B$102,001
CAT C$68,502
CAT E$103,249
View Full Results Thank You For Your Subscription.