RM-SYSTÉM»Události»Volkswagen Group returns to profitability
Volkswagen Group returns to profitability
30.10.2020 15:58
- Countermeasures implemented worldwide against the Covid-19 pandemic showing results
- Deliveries of 6.5 (8.0) million vehicles after nine months, 18.7 percent down on the previous year; this year’s first increase in deliveries recorded in September
- Group sales revenue decreases by 16.7 percent to EUR 155.5 (186.6) billion, gradual reduction in year-on-year decline
- Operating result before special items turns positive again at EUR 2.4 billion, but EUR 12.4 billion lower than in previous year; main reason is demand-related decline in sales
- Earnings before tax amounts to EUR 2.3 (14.6) billion
- Automotive Division: Positive net cash flow of EUR 1.4 (8.6) billion also reflected in normalization of working capital in third quarter; net liquidity rises to EUR 24.8 billion; successful placement of hybrid notes strengthens capital base; dividend payment of EUR 2.4 billion in October
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