Volkswagen Group Generates €1.2 Billion Operating Profit in First Half of 2009

August 3, 2009 – 7:49 am by Dan Volkens
Filed under Industry News

In the first half of 2009, the Volkswagen Group extended its global competitive position and strengthened its financial base. In the first six months of the year, Europe’s largest automobile manufacturer delivered 3.1 million (H1 2008: 3.3 million) vehicles worldwide. Although the overall market contracted by around 18 percent, Group deliveries decreased by only 4.4 percent. Consequently, its share of the global passenger car market rose to 12.0 percent (9.9 percent). Sales revenue declined by 9.4 percent to €51.2 billion (€56.5 billion) in the first six months due to volume-related factors. Operating profit amounted to €1.2 billion (€3.4 billion), of which €928 million is attributable to the seasonally strong second quarter. The Group generated profit after tax of €494 million (€2.6 billion). Via media.vw.com

Dan Volkens

Volkswagen Group Generates €1.2 Billion Operating Profit in First Half of 2009
August 3, 2009 – 7:49 am by Dan Volkens

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