Ad-hoc | 18 April 2017 15:50

VOLKSWAGEN AG: Volkswagen informs: Operating Result for the Volkswagen Group is significantly higher than market expectations for the first quarter of 2017

VOLKSWAGEN AG / Key word(s): Miscellaneous

18-Apr-2017 / 15:50 CET/CEST
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Volkswagen informs: Operating Result for the Volkswagen Group is significantly higher than market expectations for the first quarter of 2017

The preliminary Group Operating Result for the first quarter is around EUR4.4bn.

The key difference in the Group Operating Result to market expectations relates among others in particular to improvements in the result of the Volkswagen Brand (which came in at around EUR0.9bn) in the first quarter. Causal factors for the Volkswagen Brand result include the success of new model introductions, particularly the Tiguan, and a strong financial performance in the West European market. Optimized fixed costs also positively affected the result.

Other brands within the Group also contributed to the good performance.

With regards to the Group’s operating profit Outlook, we continue to anticipate that the operating return on sales will be between 6.0% and 7.0% in 2017.

The full interim report will be published on Wednesday, May 3 ^rd .

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Language:	English
Company:	VOLKSWAGEN AG
	Berliner Ring 2
	38440 Wolfsburg
	Germany
Phone:	+49 (0)5361 9 – 49840
Fax:	+49 (0)5361 9 – 30411
E-mail:	oliver.larkin@volkswagen.de
Internet:	www.volkswagenag.com/ir
ISIN:	DE0007664039, DE0007664005
WKN:	766403, 766400
Indices:	DAX, Euro Stoxx 50
Listed:	Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange; Luxemburg, SIX

End of Announcement DGAP News Service