VW sales and revenue up
The Volkswagen Group has a positive star for the new fiscal year. Supported by record unit sales in the first quarter, VW sales revenue rose year-on-year from €56.2 to €58.2b.
‘The Volkswagen Group is in a robust economic position, our Together – Strategy 2025 is taking effect,’ explained Dr. Herbert Diess, CEO of Volkswagen AG. ‘Following an extremely successful initial phase, it is now a matter of pursuing this course in a strong and focused manner. After all, the speed of change in our industry is still increasing. Our goal is to transform the Volkswagen Group into one of the industry’s leading companies in terms of profitability, innovative power and sustainability. The quarterly results confirm that we are on the right path.’
Globally, the Volkswagen Group delivered 2.7 million vehicles to customers in the first quarter. This means an increase of 7.4 per cent compared with the prior-year period. In March, the Group recorded more than one million deliveries, marking the highest number of unit sales in a single month thus far.
For the year, the Group expects deliveries to customers of the Volkswagen Group in 2018 to moderately exceed the prior-year figure. Challenges in the current fiscal year will arise mainly from the economic situation, increasing competition, exchange rate volatility and the diesel issue.
Sales revenue for the Volkswagen Group is expected to be up by as much as five per cent on the prior-year figure. An operating return on sales of between 6.5 and 7.5 per cent is anticipated for the operating profit.
