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Volkswagen Group: Operating profit more than triples at 4.8 billion EUR in the first nine months 2010
Wolfsburg, 2010-10-22
Volkswagen Aktiengesellschaft today issued an ad hoc release containing its key figures for the first nine months 2010.
Interim Report January-September 2010:
• Volkswagen Group continues successful business growth in the reporting period
• Operating profit up EUR 3.3 billion on weak prior-year period at EUR 4.8 billion
• Profit before tax increases by EUR 4.4 billion to EUR 5.4 billion; positive effects from equity-accounted investments and from measurement of put/call rights relating to Porsche Zwischenholding GmbH at the reporting date (EUR 863 million)
• Group sales revenue up 19.9 percent year-on-year at EUR 92.5 billion
• Cash flows from operating activities in the Automotive Division increased by EUR 2.3 billion to EUR 11.5 billion; ratio of investments in property, plant and equipment (capex) to sales revenue amounts to 4.0 percent (5.7 percent)
• Automotive Division net liquidity increased further to EUR 19.6 billion
Strong demand for Group models:
• Group deliveries to customers up 12.9 percent year-on-year to 5.4 million vehicles; global market share amounts to 11.6 percent (11.5 percent)
• China, Western Europe, North and South America continue driving demand
• Volkswagen Passenger Cars brand unveils the new Passat and the new Passat Variant
• Audi celebrates the world premiere of the Audi A7 Sportback; Audi quattro Concept and Audi e-tron Spyder studies cause a stir
• Skoda and SEAT present the purely electric-powered Octavia Green E Line and IBE concept cars
• Bentley unveils the new Continental GT; advanced carbon fiber body makes the Lamborghini Sesto Elemento a compelling vehicle
• The new Caddy and the Amarok SingleCab are just two of the vehicles making their debut at the IAA Commercial Vehicles; Scania showcases the V8 – the world’s most powerful truck
Volkswagen Group - Volkswagen Group: Operating profit more than triples at 4.8 billion EUR in the first nine months 2010
Wolfsburg, 2010-10-22
Volkswagen Aktiengesellschaft today issued an ad hoc release containing its key figures for the first nine months 2010.
Interim Report January-September 2010:
• Volkswagen Group continues successful business growth in the reporting period
• Operating profit up EUR 3.3 billion on weak prior-year period at EUR 4.8 billion
• Profit before tax increases by EUR 4.4 billion to EUR 5.4 billion; positive effects from equity-accounted investments and from measurement of put/call rights relating to Porsche Zwischenholding GmbH at the reporting date (EUR 863 million)
• Group sales revenue up 19.9 percent year-on-year at EUR 92.5 billion
• Cash flows from operating activities in the Automotive Division increased by EUR 2.3 billion to EUR 11.5 billion; ratio of investments in property, plant and equipment (capex) to sales revenue amounts to 4.0 percent (5.7 percent)
• Automotive Division net liquidity increased further to EUR 19.6 billion
Strong demand for Group models:
• Group deliveries to customers up 12.9 percent year-on-year to 5.4 million vehicles; global market share amounts to 11.6 percent (11.5 percent)
• China, Western Europe, North and South America continue driving demand
• Volkswagen Passenger Cars brand unveils the new Passat and the new Passat Variant
• Audi celebrates the world premiere of the Audi A7 Sportback; Audi quattro Concept and Audi e-tron Spyder studies cause a stir
• Skoda and SEAT present the purely electric-powered Octavia Green E Line and IBE concept cars
• Bentley unveils the new Continental GT; advanced carbon fiber body makes the Lamborghini Sesto Elemento a compelling vehicle
• The new Caddy and the Amarok SingleCab are just two of the vehicles making their debut at the IAA Commercial Vehicles; Scania showcases the V8 – the world’s most powerful truck
Volkswagen Group - Volkswagen Group: Operating profit more than triples at 4.8 billion EUR in the first nine months 2010
