German Handelsblatt: Volkswagen: VW increases operating profit at the start of the year – these three points are important for investors006855

Electric vehicles from Volkswagen

In March, the group achieved a strong increase in sales.

(Photo: Bloomberg)

Solid start to the year for VW: Germany’s largest car manufacturer closed the first quarter with better sales figures than in the previous year. From January to March, sales therefore grew by more than 21 percent to 76 billion euros, operating profit increased by more than a third to 7.1 billion euros, as the group announced on Thursday.
In the previous year, however, a book profit from raw material transactions of around 3.5 billion euros had inflated the VW balance sheet. If this special effect is included, profits fell by 31 percent to 5.7 billion euros. However, analysts had expected a larger crash here. In contrast to the other companies, Volkswagen reports the special income in the operating business and not in the financial result.

Read on now

Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.

Further

Read on now

Get access to this and every other article in the
web and in our app.

Further

Go to Source