VW earned in the first half of the year, ten billion euros

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The Volkswagen group has achieved in the midst of the industry slump, a good second quarter, and more profits than expected. The wolf Burger beat the competition significantly.

Volkswagen has increased the profit in spite of the feeble car economy strong. The world’s largest carmaker, came in the first half of the year to a profit of ten billion euros from the running of the business, such as the wolf Burger reported on Thursday. Almost two percent more than in the same period of the previous year. The turnover amounted to 125 billion Euro, which is about five percent more.

In the second quarter alone, the auto maker increased its profit by almost 30 per cent to 5.1 billion euros. The rise was particularly high, because people’s car a year ago to 1.6 billion euros, in connection with the diesel scandal were put to one side, which weighed on the balance sheet. Sales increased by almost seven percent to 65 billion euros. “The Volkswagen group has hit in the first half of the year in an overall weakening of the overall market very well,” said chief financial officer Frank Witter.

The competition falters

In contrast to the two domestic rivals BMW and Daimler, Volkswagen reiterated its forecast. Accordingly, the lower Saxony from to go with your twelve marks for this year, unchanged from an increase in sales of up to five percent and an operating margin before special items to be between 6.5 and 7.5 percent.

Earnings were based in the last few months, especially the sports car manufacturer Porsche and the two Truck manufacturers MAN and Scania, the Holding Traton SE is listed recently on the stock exchange. The main VW brand passenger Cars increased its operating profit in the half-year before special items 2.3 (previous year: 2.1) billion euros, and at Audi profit fell around half a billion to 2.3 billion euros.

The market weakness in several regions, the group was able to offset thanks to improvements in the product mix and in prices. This is mainly due to the SUV Boom, the Volkswagen magnificently earned. From the point of view of the company remains to be seen how the trade conflict between the U.S. and China developed, and whether the EU can agree with the UK on a regulated outlet. If this is not successful, could spiral the economy into even greater turmoil.


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hb/ul (rtr,dpa)