FILE PHOTO: Volkswagen cars are parked outside a VW dealership in London, Britain November 5, 2015.REUTERS/Suzanne Plunkett
FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) lowered its full-year outlook for vehicle deliveries warning of slowing demand even as nine-month adjusted operating profit rose 11.2% thanks to sports utility vehicle sales and a jump in demand for Skoda and Porsche cars.
Nine month adjusted operating profit rose to 14.8 billion euros, up from 13.3 billion euros, the carmaker said.
VW said a slowdown in global demand would result in Volkswagen Group vehicle deliveries in 2019 to be in line with year-earlier figures, adjusting its earlier forecast which had expected a slight increase.
Reporting by Edward Taylor, editing by Riham Alkousaa