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Volkswagen sales revenue rose by 10.3 percent

Staff writer |
The Volkswagen Group has made a good start to fiscal year 2015 despite a market environment that remains challenging.

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Sales revenue rose by 10.3 percent to EUR 52.7 billion (EUR 47.8 billion) in the first quarter as a result of higher volumes, improvements in the mix and positive exchange rate effects. Operating profit grew by 16.6 percent to EUR 3.3 billion (EUR 2.9 billion). The operating return on sales increased to 6.3 percent (6.0 percent).

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 in the first three months rose to EUR 1.6 billion (EUR 1.2 billion).

The Volkswagen Group's profit before tax amounted to EUR 4.0 billion (EUR 3.4 billion). The return on sales before tax rose to 7.5 percent (7.0 percent) in the period from January to March. Profit after tax was EUR 2.9 billion (EUR 2.5 billion).

Global demand for passenger cars was up 3.7 percent year-on-year in the first quarter of 2015; however, market trends varied from region to region. The overall markets in Asia-Pacific, North America, Western Europe and Central Europe saw growth, while a significant year-on-year decline in market volumes was recorded in Eastern Europe and South America.

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