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08/02/18
Wolfsburg
Company

A strong first half for the Volkswagen brand

  • Further significant improvement in sales revenue, operating profit before special items and return on sales
  • SUV offensive successfully continued; marked growth in all regions of the world
  • Annual forecast for 2018 confirmed
  • Board Member for Finance Dr. Arno Antlitz: “We are on the right track. Nevertheless, we will need to further accelerate our transformation in order to lift our earnings power to a competitive level that is viable for the future in the long term“

Following the good start to the year, the Volkswagen brand continued its successful development in the second quarter. In the first half of the year, the brand recorded significant increases in sales revenue, operating profit and return on sales. From January to June, sales revenue reached €42.7 billion, 8 percent over the prior-year figure, largely driven by the strong rise in vehicle sales. With 3.12 million vehicles delivered, a new half-yearly record was achieved. After eliminating special items, the operating profit rose by 20 percent to €2.1 billion. The operating return on sales improved to 5.0 percent (compared with 4.5 percent in 2017). In connection with the processing of the diesel crisis, the brand recorded one-off expenses in the amount of €1.6 billion in the first half. The operating profit after special items was therefore €0.5 billion.

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