Volkswagen Group generates handling distinction before special equipment of EUR 10.2 billion (EUR 9.4 billion) by a finish of September

The Volkswagen Group generated an handling distinction before special apparatus of EUR 10.2 billion (EUR 9.4 billion) in a initial 9 months of a year. Sales income grew by 8.5 percent to EUR 160.3 billion. The handling lapse on sales before special apparatus amounted to 6.4 percent. Earnings were impacted by charges of EUR 6.7 billion in a third entertain for stirring measures relating to a diesel issue. As a result, handling distinction after special apparatus amounted to EUR 3.3 billion (EUR 9.4 billion). Profit after taxation was EUR 4.0 billion (EUR 8.7 billion). As already announced, a full-year gain foresee was practiced accordingly.

“The total uncover a core strength of a Volkswagen Group on a one hand, while on a other a initial impact of a stream conditions is apropos clear. We will do all in a energy to win behind a trust we have lost”, pronounced Matthias Müller, Chairman of a Board of Management of Volkswagen Aktiengesellschaft, in Wolfsburg on Wednesday.

The Group’s handling distinction and sales income bar a activities of a Chinese corner ventures, that are accounted for in a financial outcome regulating a equity method. The share of handling distinction attributable to a Chinese corner ventures to a finish of Sep remained turn during EUR 3.8 billion (EUR 3.9 billion).

“The Volkswagen Group has really plain and strong liquidity resources. This will assistance us conduct a severe conditions caused by a financial impact of a diesel issue”, pronounced Chief Financial Officer Frank Witter.

Net liquidity rises in a Automotive Division

The Automotive Division’s net money upsurge increasing extremely year-on-year to EUR 11.8 billion (EUR 5.5 billion) interjection to a Group’s strong business model. Net liquidity in a Automotive Division amounted to EUR 27.8 billion during a finish of Sep (end of Dec 2014: EUR 17.6 billion). The Automotive Division’s investments in property, plant and equipment, investment skill and unsubstantial assets, incompatible capitalized enlargement costs (capex) increasing to EUR 7.3 billion (EUR 6.5 billion). The ratio of capex to sales income in a Automotive Division amounted to 5.3 percent (5.0 percent).

Brands and Business Fields

The Volkswagen brand’s handling distinction before special apparatus relating to a diesel emanate rose to EUR 2.2 billion (EUR 1.7 billion). Positive effects from sell rates, optimized sales income and costs, and a potency module some-more than equivalent a disastrous effects of a markets in South America and Russia.

Audi carried handling distinction to EUR 4.0 billion (EUR 3.8 billion) due to sales growth, certain changes in a brew and auspicious sell rate movements. Earnings were negatively impacted by high upfront investments in new products and technologies, as good as a enlargement of a general prolongation network.

Operating distinction during ŠKODA increasing to EUR 734 million (EUR 651 million), especially due to brew effects, optimized element costs and some-more auspicious sell rates.

The SEAT brand’s handling distinction rose to EUR 12 million (previous year: handling detriment of EUR 82 million). This was especially due to aloft volumes, certain sell rate effects and optimized costs.

Bentley generated an handling distinction of EUR 57 million (EUR 125 million) due to reduce car sales and aloft upfront expenditures. Exchange rate effects and reduce costs were incompetent to equivalent this trend.

Operating distinction during Porsche softened to EUR 2.5 billion (EUR 1.9 billion) due to volume and sell rate effects. Porsche’s enlargement is uniform in a pivotal tellurian markets. Changes to a mix, increasing constructional costs and aloft enlargement costs had a disastrous impact on earnings.

Volkswagen Commercial Vehicles continued to replenish a product operation and posted an handling distinction of EUR 313 million (EUR 378 million).

Scania generated an handling distinction of EUR 748 million (EUR 700 million); this boost was essentially due to a use business and certain sell rate effects. MAN’s handling distinction before restructuring losses amounted to EUR 271 million (EUR 304 million). The disastrous trends in a blurb vehicles marketplace in South America weighed on earnings. Restructuring measures resulted in special apparatus of EUR –170 million.

Operating distinction during Volkswagen Financial Services amounted to EUR 1.4 billion (EUR 1.2 billion) on a behind of certain volume and sell rate effects.

Earnings foresee adjusted

The Volkswagen Group expects deliveries to business in 2015 to sojourn on a turn with a prior year in a steadfastly severe marketplace environment.

Depending on mercantile conditions, 2015 sales income for a Volkswagen Group and a business areas is approaching to boost by adult to 4 percent above a prior-year figure. However, mercantile trends in Latin America and Eastern Europe will need to be invariably monitored in a Commercial Vehicles/Power Engineering Business Area.

Because of charges associated to a irregularities in a program used for certain diesel engines, we design 2015 handling distinction for both a Group and a Passenger Cars Business Area to be down significantly year-on-year. We design an handling lapse on sales before special apparatus of between 5.5 and 6.5 percent for a Group’s handling profit; this will volume to between 6.0 and 7.0 percent in a Passenger Cars Business Area.