UK Regulatory | 16 June 2010 12:19
VOLKSWAGEN AG / Forecast
16.06.2010 12:19
Dissemination of a UK Regulatory Announcement, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Volkswagen Group expects good first half of 2010
Unit sales and operating profit at the Volkswagen Group have
considerably outperformed expectations in the first five months of
the current year. The positive business development was due in
particular to strong demand for Group models in key markets such as
Western Europe, China and North America. In addition, exchange rate
effects among other factors had a positive impact on profit. This
trend looks set to continue in June.
However, business development in the second half of 2010 still
entails uncertainties. Especially in light of the fierce competition
and an overall difficult environment, 2010 will remain a challenging
year for the automotive industry.
Nevertheless, it is expected that the previous year's figures for
unit sales (6.3 million vehicles) and operating profit
(EUR 1.9 billion) will be significantly exceeded.
Wolfsburg, June 16, 2010
Volkswagen AG - The Board of Management
16.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: VOLKSWAGEN AG
Brieffach 1849
38436 Wolfsburg
Deutschland
Phone: +49 (0)5361 9 - 49840
Fax: +49 (0)5361 9 - 30411
E-mail: christine.ritz@volkswagen.de
Internet: www.volkswagenag.com/ir
ISIN: DE0007664039, DE0007664005
Indices: DAX, Euro Stoxx 50
Listed: Regulierter Markt in Berlin, Frankfurt (Prime
Standard), München, Hannover, Hamburg, Düsseldorf,
Stuttgart; Terminbörse EUREX; Foreign Exchange(s)
London, Luxembourg, SIX
Category Code: MSC
LSE Ticker: VKW
Sequence Number: 503
Time of Receipt: Jun 16, 2010 11:46:29
End of News DGAP News-Service
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