3.5.2019. The Volkswagen passenger Cars brand developed well in the first quarter of the current financial year 2019 in a challenging market environment solid. The lead brand of the Volkswagen group was able to increase turnover and operating profit after the first three months of slight decline in deliveries.
Driven by an improved product Mix, the Volkswagen brand was able to grow sales by 7.1 percent to 21.5 billion euros. The Operating result before special items what after three months with 921 million euros, up 4.8% year-on-year. Here, Volkswagen and so benefited from an improved product Mix, the positive effect of a development, product cost and improved fixed costs. The operating return on sales in the first quarter, what is 4.3 per cent around the previous year’s level. From legal risks, have resulted in the reporting period, the special influences of the diesel remanufacturing in the amount of 0.4 billion euros.
“The Volkswagen brand has made a solid start to the new financial year. The Figures for the first three months show that Our consistent focus on increasing efficiency and productivity in the company is correct and he shows the effect. The path we have chosen, we must be disciplined to pursue, in order to increase the profitability of Volkswagen in a sustainable way. At the same time, we are investing in future technologies, such as the MEB, the digitisation of our products and the implementation of our product offensive,“ says chief financial officer Dr. Arno Antlitz.
The brand was able to gain in the first quarter of the market share. Nevertheless, sales of the brand declined due to the weak overall market by 4.5 percent to 1.456.400 vehicles. Its product offensive is continuing to the Volkswagen brand in the current year, and is expanding its Portfolio mainly SUV models, such as the new T-Cross. These model variants are in demand across this segment in many regions remains strong.
In the case of fixed costs, the Volkswagen brand has improved in the first quarter to approximately 200 million euros compared to the prior-year quarter. The improvement what mainly attributable to the consistent implementation of the “future Pact” – defined measures. “In the further course of the financial year, further efforts are necessary, however, to risks from the markets, to cushion,” said face.
In addition, the Volkswagen brand is working to increase the productivity of their plants worldwide. By 2025, the brand wants to increase the productivity of your plants by 30 percent. In addition to consistent investment discipline and the brand and model of cross-utilization, Volkswagen promises the use of new technologies for its locations, for example, by the Volkswagen Industrial Cloud, in the future, significant efficiencies.
The net operating Cash Flow amounted before withdrawals from the diesel topic in the first three months to around 0.6 billion Euro.
Forecasts for sales and earnings targets confirmed
In the current fiscal year, the fire people from the car, landing in the operating result in the target corridor of 4 to 5 percent. For the second stage of the changeover to the test cycle WLTP, the brand is not included in the current financial year with significant financial implications.
Of the brand management Board, Volkswagen has set itself a target rate of return of at least six per cent by 2022, to make all necessary investments in the future for electric mobility ” and ” digitalisation own strength to lift and shape the Transformation of the industry.
ID. ROOMZZ (photo: Volkswagen AG)
