VOLKSWAGEN AG - Results for the first quarter 2018

• Deliveries to customers of the Group brands rise to 2.7 (2.5) million vehicles
• Group sales revenue increases by EUR 2.0 billion to EUR 58.2 billion
• Operating profit at EUR 4.2 (4.4) billion due to a change in the reporting of the valuation of derivatives
• Net liquidity in the Automotive Division at a robust EUR 24.3 billion
• Net cash flow increases by EUR 5.0 billion, considerably lower cash outflows attributable to the diesel issue
• Profit before tax down slightly on the previous year at EUR 4.5 (4.6) billion
• CEO Diess: “The Volkswagen Group is in a robust economic position, our TOGETHER – Strate-gy 2025 is taking effect. We are pursuing this course in a dynamic and focused manner.”

Full press release (ENG)