1.5.2020. Covid-19th 2020 the impact of the epidemic significantly in the first quarter of the year, the Volkswagen Passenger Cars brand business declined.
The core brand of the Volkswagen Group deliveries decreased, however, 2020 January-March period, overall, approximately a quarter reported that 1.1 million vehicles this year is off to a solid start. Revenue in the same period (-11,9%) to 2.6 billion euros, a decline of approximately 19 billion euros.
Brand core operating profit remains positive. Before special items compared to the previous year half an function which 481 million euros. 2020 after the first three months of the year, the operating return on sales up 4.3 percent, 2.5 percent, before special items (previous year: has.
Ralf Brandstatter Volkswagen brand, COO, the Volkswagen brand has made a solid start to the year, however, the impact is clearly negative in the further course of the global epidemic has affected our business, “he said. Currently, therefore, the liquidity of securing are at the forefront. Therefore all the projects to do, again, short-term use we will need to test. This new strategic issues such as ID.3 will continue to work without restriction.“
Alexander Seitz Volkswagen brand, Chief Financial Officer, the Volkswagen brand is very consistent, the epidemic of the goods to their locations-19 in front of Covid tried, “he said. With these measures, we will continue to further improve efficiency and productivity continue. In the present case, the absolute expenditure and cost discipline is more important than ever. We are financially strong.“
The Volkswagen brand is off to a solid start for the year, a strong decrease in the month of February
In recent months, Covid challenging economic conditions-19th has been exacerbated by the impact of the epidemic. After a solid start for this year, the brand experienced a sharp decline in deliveries. Overall, in January-brand 1.456.400 (year before:) March 2020 1.091.500 tools delivered worldwide.
The tension in the first quarter despite positive net cash flow
Ongoing measures to improve profitability and efficiency brand Volkswagen will show the impact of the general condition of tense. Positive € 0.5 billion by 2020 in the first quarter of the year, net cash flow before special items.
Attractive product portfolio is based on Volkswagen’s E-mobility in the view
The Volkswagen brand’s SUV portfolio, which is also supported by a series of zonal continues to be an attractive product. Models are in high demand and are among the top sellers in their respective markets. For this purpose, the Tiguan in South America and T-Roc, Western Europe, and especially Germany, China, and the T-Cross count.
Product initiatives across all segments of pre Volkswagen is moving on. New 8 golf introduced at this time, the market will be more. This summer, the European electrical identity Volkswagen-wide-entry planning.Update of basic training in the first 3 featured electric car.
01. ID.3: the car is not available in Europe
Volkswagen ID.3 (PHOTO: Volkswagen AG)
