Interim Report & Results Q3 2020
On October 29, 2020 the Volkswagen Group published its results for the third quarter 2020.
Press Audio Webcast and Conference Call
at 9:00 a.m. CET 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. CET hosted by
- Frank Witter, Chief Financial Officer of Volkswagen Aktiengesellschaft
- Dr. Christian Dahlheim, Head of Group Sales of Volkswagen Aktiengesellschaft
Volkswagen Group returns to profitability
- Deliveries of 6.5 (8.0) million vehicles after nine months, 18.7 percent down on the previous year; this year’s first increase in deliveries recorded in September
- Group sales revenue decreases by 16.7 percent to EUR 155.5 (186.6) billion, gradual reduction in year-on-year decline
- Operating result before special items turns positive again at EUR 2.4 billion, but EUR 12.4 billion lower than in previous year; main reason is demand-related decline in sales
- Earnings before tax amounts to EUR 2.3 (14.6) billion