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  • Group sales revenue increases by 10.3 percent in the first three months to EUR 56.2 billion
  • Net liquidity in the Automotive Division remains a robust EUR 23.6 billion at the end of March
  • Operating profit improves to EUR 4.4 billion
  • CEO Matthias Müller: "The healthy quarterly figures strengthen our resolve to continue our chosen path."

In the first three months of the current fiscal year, the Volkswagen Group started on a strong footing in a challenging market and competitive environment. Group sales revenue rose by 10.3 percent year-on-year to EUR 56.2 billion. At EUR 4.4 billion, operating profit in the first quarter also significantly exceeded expectations. This corresponds to an operating return on sales of 7.8 percent following 6.1 percent in the prior-year quarter (all comparative prior-year figures are before special items). The robust results were due to volume- and mix-related factors, positive exchange rate effects and product cost optimization, as well as particularly the improvement in the Volkswagen brand's earnings, which rose to around EUR 0.9 billion. Other Group brands also contributed to the very good quarterly results.

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