Volkswagen earns eight times more in September than a year ago

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The Volkswagen car group had an attributed net profit of 10,865 million euros until September, almost eight times more than a year ago (1,382 million euros), but the results are affected in the third quarter by the shortage of semiconductors due to problems in supply chains.

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Volkswagen reported this Thursday (10.28.2021) that in the third quarter it obtained an attributable net profit of 2,761 million euros, 6.9% more than a year ago. But the operating result has fallen in the third quarter to 2,595 million euros (-18.5%).

Volkswagen Group President Herbert Diess said that “the third quarter results show once again that we should now drive productivity improvement in the volume area.”

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Turnover grew by 20% between January and September, to 186,599 million euros, and operating profit rose to 13,953 million, more than eight times than a year ago (1,693 million euros).

The group achieved an operating profit margin on sales of 7.5% (1.1% a year earlier). Deliveries to customers rose 6.9% to 6.95 million units. The liquidity position stood at 25,642 million euros at the end of September.

The Volkswagen group confirms its profitability forecast for the whole of 2021, with an operating profitability margin of between 6 and 7.5%. (EFE).

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