Volkswagen Group reports solid earnings in period to September

The Volkswagen Group generated an operating profit before special items of €11.3 (10.2) billion in the first nine months of the year, representing an increase of 10.5%. The sales revenue of €159.9 billion was on a level with the previous year and the operating return on sales before special items amounted to 7.0 (6.4)%. However, earnings in the third quarter were impacted by further provisions recognized in connection with the diesel issue of €0.4 billion. For the period January to September, operating profit after special items amounted to €8.6 (3.3) billion. Profit after tax was €5.9 (4.0) billion.
"The figures for the first three quarters show the operational strength of the alliance of brands in the Volkswagen Group", said Matthias Müller, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, commenting on the quarterly report. "This is a robust base on which we intend to push forward with our planned transformation from car manufacturer to provider of sustainable mobility. In 'TOGETHER – Strategy 2025', we have laid out a compelling plan for this transition. As our future program and the latest quarterly results prove, the Volkswagen Group remains fully operational in spite of the present pressures."

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