Record earnings for VW
The Volkswagen Group brought 2017 to a successful conclusion, generating significantly higher sales revenue than in the year before.
The Group also improved nearly all of its financial key performance indicators amid challenging conditions. Particularly the delivery record of 10.7 million vehicles lifted Group sales revenue by 6.2% year-on-year to EUR 230.7 billion.
Special items attributable to the diesel issue once again reduced operating profit, which nevertheless rose by EUR 6.7 billion to EUR 13.8 billion. The Volkswagen Group expects to moderately exceed its latest record delivery figures in the current fiscal year.
‘Looking ahead, we – like the entire industry – are facing major challenges and radical change,’ said Matthias Müller, CEO of Volkswagen AG. ‘The excellent financial result provides a strong basis for this and gives us every reason to be confident. In fact, our plan for the future, Together – Strategy 2025, is taking effect and becoming increasingly tangible.’