Volkswagen reports Q3 revenue EUR 78.5B vs. EUR 78.8B last year

Operating results came in at EUR 2.86B vs. EUR 4.89B last year. Reports 2.12M vehicle sales in Q3 vs. 2.31M last year. “Our nine-month results reflect a challenging market environment and underline the importance of delivering on the performance programs we have launched across the Group. Volkswagen (VWAGY) Brand reported an operating margin of only two percent after nine months. This highlights the urgent need for significant cost reductions and efficiency gains. Our product momentum gives us confidence. A significantly improved order intake in Western Europe in Q3 year-on-year is testament to our strengthened product line-up, from combustion engine cars to hybrids and full-electric vehicles and provides tailwind for the final quarter,” COO Arno Antlitz said.