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Volkswagen Group 9M operating profit €11.3 billion

Staff Writer |
The Volkswagen Group generated an operating profit before special items of €11.3 (10.2) billion in the first nine months of the year, representing an increase of 10.5%.

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The sales revenue of €159.9 billion was on a level with the previous year and the operating return on sales before special items amounted to 7.0 (6.4)%.

However, earnings in the third quarter were impacted by further provisions recognized in connection with the diesel issue of €0.4 billion.

For the period January to September, operating profit after special items amounted to €8.6 (3.3) billion. Profit after tax was €5.9 (4.0) billion.

POST forecast: revenue 53 billion euros, EPS 4,39 euros.

The Group's operating profit and sales revenue exclude the activities of the Chinese joint ventures, which are accounted for in the financial result using the equity method.

The share of operating profit attributable to the Chinese joint ventures to the end of September 2016 remained stable at €3.6 (3.8) billion.

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