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Volkswagen brand with effective crisis management in the first half of the year

04.08.2020 14:42
  • Business significantly impacted by Covid-19 pandemic
  • Marked reduction of general overhead costs, R&D expenditure and capex; inventories also lowered
  • Deliveries to customers fall to 2.2 million vehicles in the first half (– 26.7 percent)
  • Sales revenue down to around EUR 29 billion (–35.5 percent)
  • Operating result before special items of EUR –1.5 (2.3) billion
  • Significant recovery of business in June, model initiative provides added momentum for the second half of the year

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