VWG records significant nine-month growth
The Volkswagen Group has reported that between January and September sales revenue grew by 6.9% year-on-year to €186.6bn.
Operating profit before special items increased by 11.2% to €14.8bn, while the operating return on sales before special items stood at 7.9%.
Operating profit after special items improved by 24.5% to €13.5bn, bringing the operating return on sales up to 7.3%. Profit before tax rose by 16.9% to €14.6bn.
Frank Witter, member of the board of management of Volkswagen AG responsible for Finance and IT, said, ‘The Volkswagen Group achieves a good performance amid a challenging market environment. The performance in the first nine months of the financial year makes us optimistic that we will achieve our full-year targets for 2019.
‘Continuous improvement in our profitability is key to mastering our ongoing transformation on our own. We will continue to work systematically towards this goal.’
