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  • Group's operating profit climbs to EUR 8.9 billion in first half of 2017
  • Sound net liquidity in Automotive Division continues despite high outflows resulting from consequences of diesel crisis
  • Group's sales revenues grow significantly to EUR 116 billion in period up to end of June
  • CFO Frank Witter: "Our financial footing is adequate to cope with the transformation in the automotive industry and topics of the future."

The Volkswagen Group remains in robust shape: The first six months of the current fiscal year have delivered a solid set of results, accompanied by further progress in implementing the future program "TOGETHER – Strategy 2025". Between the beginning of January and the end of June, Group sales revenue rose by 7.3 percent to EUR 115.9 billion. During that period, operating profit increased to EUR 8.9 billion (from 7.5 in the previous year) and operating return on sales grew to 7.7 percent (from the prior-year 7.0 percent). All prior-year figures exclude the special items at that time. For Frank Witter, Member of the Board of Management, responsible for Finance and Controlling, the result of the first six months was a "good team performance" in the face of persistently difficult conditions. "The results were boosted by growth in unit sales. Increases in the first half-year were seen primarily in Europe, but also in North and South America, which is particularly encouraging. The successful placement of a hybrid bond also had a positive effect on net liquidity in the Automotive Division and underlined the confidence investors place in our strategy. I am firmly convinced that our financial footing is adequate to cope with the transformation in the automotive industry and topics of the future."

Media contacts

Eric Felber
Head of Corporate & Business Communications
Tel. +49 (0) 5361 / 9-87575
Andreas Hoffbauer
Spokesperson Finance
Tel. +49 (0) 5361 / 9-31330