Home News Profits slump in Volkswagen, despite good sales figures 2009

Profits slump in Volkswagen, despite good sales figures 2009

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WOLFSBURG (Dow Jones) – Volkswagen AG was indeed a profiteer the scrapping premiums last year with strong sales figures . glisten The bottom line of breaking profits of Europe’s largest Automobile but compared to the previous year by 79.8% to EUR 960 million one, as the Wolfsburg on Friday communicated. From January to December VW took the information EUR 105.19 billion, according to this book. That left sales As expected, 7.6% below the previous year.
Volkswagen had despite the economic slowdown in the past Year a new sales record retracted. With 6.29 million sold Golf, Polo, Passat, Audi, Skoda and Co exceeded the Wolfsburg-based Previous year’s figure by 1.1%.
The government, however, boosted mainly Verschrottungsboni Sales cheaper and less profitable small cars like VW Polo Seat Ibiza and Skoda Fabia at. In addition, VW had his staff in place subsidized short-time sent to the plant closing.
Operationally, Volkswagen said more than many other competitors black. It fought the Wolfsburg with a decrease of 70.7% compared to the previous year to EUR 1.86 billion worse than expected. Analysts here had expected 2.07 billion euros.

   
Website: www.volkswagenag.com
- By Katharina Becker, Dow Jones Newswires, +49 (0) 69 - 29725 112,
katharina.becker @ dowjones.com
DJN / cat / brb
Visit our website http://www.dowjones.de 


(END) Dow Jones Newswires

February 26, 2010 09:52 ET (14:52 GMT)

Copyright (c) 2010 Dow Jones & Company, Inc

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