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  • First-quarter sales revenue grows by 7.1 percent compared with previous year to €21.5 billion
  • Operating profit before special items rises by 4.8 percent to €921 million
  • Brand confirms operating return target of 4 to 5 percent for entire year
  • Board Member for Finance Dr. Arno Antlitz: “New SUV’s enrich our range of products. Focus on efficiency and cost discipline is bearing fruit. At the same time, the brand is investing strongly in future-oriented technologies.”

In the first quarter of the 2019 financial year, the Volkswagen Passenger Cars brand performed solidly in a challenging market environment. The lead brand of the Volkswagen Group was able to boost sales revenue and operating profit in the first three months despite a slight fall in deliveries. With an improved product mix, the sales revenue of the Volkswagen brand grew by 7.1 percent to €21.5 billion. After three months, the operating profit before special impacts was 4.8 percent up on the prior-year figure, at €921 million. Here too, Volkswagen benefited from an improved product mix, positive developments in product costs and especially an improvement in fixed costs. In the first quarter, the operating return on sales was at about the same level as in the previous year, at 4.3 percent. In the reporting period, legal risks gave rise to special items in the amount of €0.4 billion in connection with the processing of the diesel issue.

Media contacts

Dr. Marc Langendorf
Head of Corporate Communications
Tel. +49 (0) 5361 / 9-34474
Thomas Küter
Investor Relations Manager
Tel. +49 (0) 5361 / 9-126735