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Volkswagen has got off to a successful start in 2021 despite the global shortage of semiconductors and restrictions due to the coronavirus pandemic. Sales revenue in the first quarter grew by 5.4 percent to EUR 20 billion. Following the pandemic-related drop to EUR 481 million in the previous year, operating profit increased sharply to EUR 900 million and was thus almost at the level of the pre-crisis year 2019. The operating return on sales likewise rose sharply to 4.5 percent (previous year: 2.5 percent). Volkswagen CEO Ralf Brandstätter: “We’ve managed to carry over the momentum from the second half of 2020 into the new year – despite the continuing challenges posed by the pandemic and the global shortage of semiconductors. The increases in all key performance indicators show that our ACCELERATE strategy and rigorous cost management of the past months are gaining traction. On the basis of that, we’ll systematically continue to drive our transformation with a focus on e-mobility and digitalization.”

Media contacts

Christoph Oemisch
Spokesperson Finance & Sales (Group)
Tel. +49 (0) 5361 / 9-18895
Jörn Roggenbuck
Spokesperson Volkswagen Brand
Tel. +49 173 3760755