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10/27/17
Wolfsburg
Volkswagen Group News

Volkswagen Group continues its profitable growth – solid nine-month figures

  • Sales revenue grows significantly year-on-year to EUR 170.9 billion in the period up to end of September
  • Operating profit before special items climbs to EUR 13.2 billion in the first nine months
  • Net liquidity in the Automotive Division still at a robust EUR 25.4 billion despite high outflows related to the diesel issue
  • Forecast for 2017 as a whole: Group's operating profit before special items will be moderately higher than the original target of between 6.0 and 7.0 percent
  • Profit before tax rises by EUR 2.4 billion year-on-year to EUR 10.6 billion
  • CEO Matthias Müller: "Our operating business is strong, our financial position robust."
 

The Volkswagen Group is continuing its profitable growth and has further consolidated its financial base with a strong third quarter. In the first nine months of the current fiscal year, operating profit before special items rose to EUR 13.2 billion from EUR 11.3 billion in the prior-year period. This corresponds to an increase of 17.4 percent. Sales revenue from January to September climbed 6.8 percent to EUR 170.9 billion, and operating profit before special items likewise rose from 7.0 to 7.7 percent. "The interim results for the period up to the end of September are very impressive and underpin the trust of customers worldwide in our brands and their products. For this we are thankful," said Matthias Müller, Chairman of the Board of Management of the Volkswagen Group. "These results were also achieved thanks to the hard work of all employees in our Group, who despite the difficult challenges they sometimes face simply do a good job."

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