Volkswagen increases sales revenue and profit

• Group sales revenue up by 6.9 percent to EUR 186.6 billion
• Operating profit before special items increases by EUR 1.5 billion to EUR 14.8 billion; improvements especially in the mix and EUR 0.5 billion from fair value on derivatives
• Operating profit up EUR 2.7 billion year-on-year at EUR 13.5 billion; negative special items of EUR -1.3 (-2.4) billion relating to the Diesel issue
• Profit before tax rises to EUR 14.6 (12.5) billion
• Automotive Division’s net cash flow at EUR 8.6 billion, EUR 5.1 billion higher than the low figure for the prior-year period; capex ratio of 5.2 (5.3) percent
• Net liquidity in the Automotive Division of EUR 19.8 billion; negative effect of EUR 5.3 billion on reported net liquidity due to the application of the new IFRS 16
• CFO Frank Witter: “The Volkswagen Group achieves a good performance amid a challenging market environment.

Full press release (ENG)