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02/24/17
Wolfsburg
Volkswagen Group News

Volkswagen Group returns to profitability: New record for sales revenue and operating result in 2016

  • Group sales revenue exceeds Company's expectations, increasing by EUR 4.0 billion to EUR 217.3 billion
  • Group's operating result before special items reaches EUR 14.6 billion
  • Operating return on sales also up
  • Negative special items arising from known risks totaling
    EUR 7.5 billion, incl. EUR 6.4 billion from the diesel issue
  • Net liquidity in the Automotive Division at EUR 27.2 billion
  • Dividend proposal: EUR 2.00 per ordinary share and EUR 2.06 per
    preferred share

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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