Volkswagen AG - Interim Report January - March 2019

• Volkswagen Group confirms 2019 targets for deliveries to customers, sales revenue and operating profit before special items
• Deliveries to customers of the Volkswagen Group at 2.6 million vehicles (–2.8 percent)
• Group sales revenue of EUR 60.0 billion exceeds prior-year figure by 3.1 percent
• Operating profit before special items improved by EUR 0.6 billion to EUR 4.8 billion, including a year-on-year increase in fair value measurement of derivatives amounting to EUR 0.4 billion
• Operating profit of EUR 3.9 (4.2) billion; negative special items arising from legal risks of one billion euros
• Profit before tax amounts to EUR 4.1 (4.5) billion
• Net liquidity in the Automotive Division of EUR 16.0 billion; negative effect of EUR 5.1 billion on the net liquidity reported due to the application of the new IFRS 16
• Chief Financial Officer Frank Witter: “The Volkswagen Group is once again off to a good start this year. The sales revenue performance and earnings growth in the first three months of the current fiscal year are encouraging. But we have to continue to pick up the pace when it comes to our transformation.”

Full press release (ENG)