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The Volkswagen Group is making good progress with overcoming the diesel crisis. In 2016, the Company's operating business presented a very robust performance even though earnings were impacted once again by negative special items. Before special items, the Group exceeded its original forecasts. Sales revenue in fiscal year 2016 rose by EUR 4.0 billion to EUR 217.3 billion. At EUR 7.1 billion, the Group's operating result, which had slipped into the red in the previous year due to the diesel issue, was back in strongly positive territory. Before special items, the Group's operating result reached a new record and at EUR 14.6 billion was substantially higher than the prior-year figure (up 14 percent); the operating return on sales rose to 6.7 (6.0) percent.

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Eric Felber
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