Interim Report & Results Q1 2020
On April 29, 2020 the Volkswagen Group published its results for the first quarter 2020.
Press Audio Webcast and Conference Call
at 9:00 a.m. CEST hosted by
- Frank Witter, Chief Financial Officer of Volkswagen Aktiengesellschaft
- Dr. Christian Dahlheim, Head of Group Sales of Volkswagen Aktiengesellschaft
Investor / Analyst Audio Webcast and Conference Call
at 2:00 p.m. CEST hosted by
- Frank Witter, Chief Financial Officer of Volkswagen Aktiengesellschaft
- Dr. Christian Dahlheim, Head of Group Sales of Volkswagen Aktiengesellschaft
Volkswagen Group’s business substantially impacted by Covid-19 pandemic in first quarter
- Deliveries 23.0 percent down on previous year at 2.0 (2.6) million vehicles – decline especially in Asia-Pacific and Europe
- Group sales revenue down by 8.3 percent to EUR 55.1 billion
- Operating profit before special items fell by EUR 3.9 billion to EUR 0.9 billion
- Earnings before tax came to EUR 0.7 (4.1) billion
- Automotive Division’s net cash flow down EUR 4.5 billion on prior-year period to EUR –2.5 billion – the ratio of capex to sales revenue was 4.7 (4.0) percent