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Volkswagen Group records sales growth in the first half of 2018

August 02, 2018, 04:01 PM IST by Bilal Ahmed Firfiray
Volkswagen Group records sales growth in the first half of 2018

-    The German giant posted a record number of deliveries, sales revenue and earnings in the H1 2018 globally.

-    In the period from January to June, the Group’s sales revenue increased from 115.3 billion Euros to 119.4 billion Euros year-on-year.

-    Globally, the Volkswagen Group delivered 5.5 million vehicles to customers in the first half of 2018.

The Volkswagen Group registered a profitable growth globally in the first half of 2018. The German giant registered a record delivery, sales revenue and earnings between the periods of Jan-June 2018 across the globe. The company’s revenue in this period increased by 3.5 per cent to 119.4 billion Euros (approx. Rs 95,000 crores) compared to 115.3 billion Euros in the same period last year.

The Group’s profit for the first six months (after tax) was up by 2.1 per cent year-on-year to 6.6 billion Euros. The operating profit increased from 8.9 billion to 9.8 billion Euros. However, the expenditures of 1.6 billion Euros related to the diesel crisis were recognised in the second quarter of this year. 

Dr Herbert Diess, CEO of Volkswagen AG, commenting on the sales for the first six months, said, “The Volkswagen Group performed successfully in the first half of the year, with very solid growth in sales revenue and earnings. We also delivered more vehicles than ever before. However, we cannot rest on our laurels because great challenges lie ahead of us in the coming quarters – especially regarding the transition to the new WLTP test procedure. Growing protectionism also poses major challenges for the globally integrated automotive industry.”

Globally, the Volkswagen Group delivered 55 lakh vehicles to customers in the first half of 2018. This means an increase of 7.1 per cent compared to the same period last year. 

Tags:Volkswagen,Volkswagen Passat,passat
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