Volkswagen Group - bolsters expansion in global growth markets after strong Q1 results

• Sales revenue at EUR 62.7 billion on par with prior year

• Operating result up at EUR 8.5 billion (13.5 percent operating margin) including EUR 3.5 billion positive fair value measurements in particular on hedging instruments

• Continued cost discipline and positive sales mix leads to robust underlying operating profit even before hedging effects

• Continued commitment to the future. Increase of R&D expenditures by 10 percent

• Global set up underpins resilience of business model

• Outlook for 2022 confirmed

• Herbert Diess: “Even in a more polarized world, Volkswagen is firmly committed to expanding its global footprint to boost profitable growth going forward.”

Full press release