TELETRADER News
5/6, 7:33 AM (Source: TeleTrader)
more TeleTrader news

VW+1.31%

278.20
Chart for: VOLKSWAGEN AG ST O.N.

Volkswagen's revenue jumps 13% to €62.4 billion in Q1

Volkswagen unveiled on Thursday that its revenue in the first quarter of fiscal 2021 amounted to €62.4 billion, rising 13.2% from the same period a year earlier.

Operating profit soared 433.3% annually to €4.8 billion, while profit before tax climbed to €4.5 billion, skyrocketing 542.8% year-over-year. The German automaker stated that its deliveries reached 2.4 million units in three months ending March, marking a 21.2% surge compared to the same trimester a year prior.

"We started the year with great momentum and are on a strong operational course, as the good quarterly figures show. Our e-offensive continues to gain momentum and we are making good progress with the transformation. There is still much more we can achieve in the remainder of the year," CEO Herbert Diess noted.

Breaking the News / BU