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07/28/17
Wolfsburg
Company

Successful business development at Volkswagen 

  • Sales revenue and profit of the Group's core brand improve in the first half
  • Slight fall in costs despite product offensive
  • TRANSFORM 2025+ strategy continues to be consistently pursued
  • Largest model offensive in the history of the brand – renewal of model range by 2020
  • Preparations for innovative electric vehicles running at full speed
  • Brand CEO Diess: "We are making good progress with the realignment of the brand."

The Volkswagen brand has continued its good start to the year in the second quarter and maintained its positive business development. Both sales revenue and operating profit rose in the first half of 2017. In the year to June, with the new demarcation between Group and brand which has applied since the beginning of the year, sales revenue rose by about 8 percent compared with the prior-year period to €39.9 billion. On a comparable basis, operating profit was doubled, reaching €1.8 (0.9) billion in the first half of the year. Following the positive performance of the brand in the first six months, Volkswagen has confirmed its return forecast for the year as a whole. The Board of Management of the Volkswagen brand expects operating return on sales to be at the upper end of the range from 2.5 to 3.5%.

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