RM-SYSTÉM»Události»The Volkswagen Group recorded a substantial impact on its business
The Volkswagen Group recorded a substantial impact on its business
30.04.2020 15:08
- eliveries 23.0 percent down on previous year at 2.0 (2.6) million vehicles – decline especially in Asia-Pacific and Europe • Group sales revenue down by 8.3 percent to EUR 55.1 billion
- Operating profit before special items fell by EUR 3.9 billion to EUR 0.9 billion
- Earnings before tax came to EUR 0.7 (4.1) billion
- Automotive Division’s net cash flow down EUR 4.5 billion on prior-year period to EUR –2.5 billion – the ratio of capex to sales revenue was 4.7 (4.0) percent
- Net liquidity in the Automotive Division remains robust at EUR 17.8 billion
- CFO Frank Witter: “The global Covid-19 pandemic substantially impacted our business in the first quarter. We’ve taken numerous countermeasures to cut costs and ensure liquidity and we continue to be robustly positioned financially. The Volkswagen Group is steering through this unprecedented crisis with focus and determination.”
The Volkswagen Group recorded a substantial impact on its business as a result of the global Covid-19 pandemic following the first three months of the current fiscal year.
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