The Corkman

Volkswagen sales on the up in 2018

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In the first three quarters of the current fiscal year 2018, the Volkswagen Passenger Cars brand continued to develop well in a challengin­g market environmen­t.

Following the first nine months of the year, the deliveries and sales revenue of the Volkswagen Group’s lead brand remain above the prior-year level. With 4.6 million vehicles handed over to customers (+2.9 per cent), these were the most successful first nine months that the brand has ever experience­d.

Driven by higher sales and an improved product mix, the Volkswagen brand was able to boost sales revenue by 7.3 percent to €62.5 billion.

At €2.3 billion, the operating profit before special items was slightly below the prior-year level (€2.5 billion) as a result of factors including the expected impact of the WLTP changeover and higher distributi­on expenses in connection with the environmen­tal incentive.

Operating return on sales was 3.7 per cent, compared with the figure of 4.3 percent for the prior-year period. The diesel issue gave rise to special items of €-1.6 billion (2017: €-2.6 billion).

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