The Volkswagen Group has earned more in the first nine months of 2011 than during all of 2010. Operating profit rose to €9.0 billion (approximately $12.3 billion), up from €7.1 billion ($9.7 billion) in fiscal 2010. The group recorded a 14.1 percent increase in vehicle deliveries to 6.2 million. Global market share rose to 12.4 percent. Sales revenue increased by 25.6 percent in the first nine months to €116.3 billion ($158.9 billion), while operating profit jumped 86.0 percent to €9.0 billion ($12.3 billion). Operating return on sales improved to 7.7 percent.
“Our strong business performance shows the strength and stability of our strategy,” said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, on Thursday at the presentation of the quarterly figures. “We shall continue to launch fascinating new models onto the market in the coming months and hence expand the Volkswagen Group’s strong position in the global markets,” he added.
The Volkswagen Passenger Cars brand sold 3.3 million vehicles worldwide in the first nine months of the year. This represents an increase of 16.7 percent compared with the prior-year period. Demand was particularly strong for the Polo, Golf, Tiguan, Touareg, Jetta, Passat Variant, Touran and Sharan models.
“We have further increased our profitability and impressively demonstrated the robustness of our Group,” said CFO Hans Dieter Pötsch. “We are on the right track with our strict cost and investment discipline and will systematically continue along this path.”
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