Volkswagen AG announces preliminary figures for the first half 2021 | Automotive World – Asia Despatch

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Volkswagen AG announces preliminary figures for the first half 2021 | Automotive World

Deliveries to customers of the Volkswagen Group continued to recover strongly in the first half of the current year

Deliveries to customers of the Volkswagen Group continued to recover strongly in the first half of the current year, leading to a very strong Group turnover as well as a very high operating profit. Also the reported Automotive net cash position showed a very positive development. The bottleneck in semiconductors has shifted and will rather impact us in H2.

Based on preliminary figures, the Volkswagen Group expects the following for the first half 2021:

  • Operating profit of around 11 billion Euros
  • Reported Automotive net cash flow of around 10 billion Euros

The key financial figures for the first half 2021 will be disclosed on July 29, 2021.

SOURCE: Volkswagen

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