Skip to content
08/01/18
Wolfsburg
Volkswagen Group News

Volkswagen Group records strong first half: growth in sales revenue and earnings

  • Volkswagen Group posts record figures for the first six months of the current year
  • Group sales revenue increases by 3.5 percent in the first half-year to EUR 119.4 billion
  • Operating profit before special items climbs 9.8 percent to EUR 9.8 billion; special items in connection with the diesel issue (EUR 1.6 billion) weigh on performance
  • Group’s earnings before tax increase by 2.0 percent in the first half-year to nearly EUR 9 billion
  • Continued robust net liquidity in the Automotive Division amounts to EUR 26.3 (23.8) billion
  • CEO Diess: “The Volkswagen Group performed successfully in the first half of the year, with very solid growth in sales revenue and earnings. We also delivered more vehicles than ever before. However, we cannot rest on our laurels because great challenges lie ahead of us in the coming quarters.”

The Volkswagen Group continued its profitable growth course in the first half of 2018, post-ing record figures for deliveries, sales revenue and earnings (before special items). In the period from January to June, Group sales revenue rose from EUR 115.3 billion to EUR 119.4 billion year-on-year. Operating profit before special items increased from EUR 8.9 billion to EUR 9.8 billion, however, expenditures of EUR 1.6 billion in connection with the diesel crisis were recognized in the second quarter. The operating return on sales before special items rose from 7.7 to 8.2 percent. The Group’s profit after tax for the first six months was up 2.1 percent year-on-year to EUR 6.6 billion.“ The Volkswagen Group per-formed successfully in the first half of the year, with very solid growth in sales revenue and earnings. We also delivered more vehicles than ever before,” said Dr. Herbert Diess, CEO of Volkswagen AG, commenting on the results for the first six months. “However, we cannot rest on our laurels because great challenges lie ahead of us in the coming quarters – especial-ly regarding the transition to the new WLTP test procedure. Growing protectionism also poses major challenges for the globally integrated automotive industry.”

Your media contacts

Dr. Langendorf Marc
Volkswagen Media Relations
Tel. +49.5361.9334474