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The Volkswagen Group - Interim Report January - September 2018

01.11.2018 15:49
Results for the third quarter 2018
On Tuesday, October 30, 2018 the Volkswagen Group published the financial results for the 3rd quarter 2018 in two audio webcasts and conference calls.
9:00 am (CET) PRESS Audio Webcast and Conference Call (Replay)
2:00 pm (CET) INVESTOR and ANALYST Conference Call and Webcast (Replay)
- The Volkswagen Group increases deliveries to customers by 4.2 percent year-on-year in the first nine months, despite challenges presented by the WLTP test procedure
- Group sales revenue up by 2.7 percent to EUR 174.6 billion due to volume-related factors
- At EUR 13.3 billion, the operating profit before special items remained at the previous year's level
- Slight increase in operating profit to EUR 10.9 billion – negative special times in connection with the diesel issue amount to EUR 2.4 billion, following the previous year’s EUR 2.6 billion
- Profit before tax improves by EUR 2.2 billion to EUR 12.5 billion
- Net liquidity in the Automotive Division at EUR 24.8 billion CEO Herbert Diess: “The development in the first nine months of the current fiscal year is encouraging. We are still facing major challenges.”
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