The Volkswagen Group saves their accounts in the third quarter

Logo VolkswagenThe Volkswagen Group and its accounts it seems that they are resisting the stakes of the Dieselgate. The entire industry threw up her hands to the head when they uncovered the scandal and when did the first estimates of costs that this matter could lead the Group. However, according to the number that you just present the consortium is evident of the saying that “what doesn’t kill you makes you stronger“.

According to the report published by the Volkswagen Group during lhe first nine months of the years, the group has invoiced 160 billion dollars. This represents a 0.2 per cent more than the same period last year. This fact is very positive, but the figure of operating profit for the first nine months of the year increased by 10.5 per cent rise from the 10.2 billion in the year 2015, to 11.2 billion this year.

Volkswagen Golf fábrica WolfsburgoThese numbers have been made possible thanks to the cutting out of the superfluous costs caused by the Dieselgate. If we translate these benefits into sales, during the third quarter, the Volkswagen Group has managed to sell 2.454.ooo million units assuming an increase of 4.4 per cent over the previous year. This has meant that turnover during the first nine months of the year increased by 1 percent relative to 2015, assuming 51.997 million dollars.

Of this volume of business the Volkswagen Group has achieved an operating profit of to 3,308 billion, when in the third quarter of the previous year obtained a loss of 3.479 million. With all of this, the net profit stood at 2.337 billion euros compared with 1.673 million dollars that had losses in 2015.

These figures have been achieved thanks, above all, to the good performance in sales which is having Porsche. The brand of sports has managed to sell more than 177,000 vehicles in the first nine months of the year and this has enabled that your benefits have been increased more than originally estimated by the Volkswagen Group. The rest of the brands maintained a similar trend to that of last year, except Volkswagen, which is beginning to feel the effects of the Dieselgate, although they are still not visible at all.

Source – Volkswagen AG

.