Volkswagen increased quarterly profit 2.7 times

110117

In the third quarter, German automaker Volkswagen reported an increase in net profit 2.7 times compared with the same period last year to 2,670 million euros. The revenue figure of 55 billion 200 million euros did not reach experts' forecasts of 55 billion 570 million euros. Operating profit amounted to 2 billion 710 million euros, an increase of 57.6%. Among the factors that adversely affected the quarterly indicators, the company noted a trade war between the United States and China, as well as new rules for testing harmful emissions in Europe. Deliveries of cars to customers fell by 3% compared to the third quarter of last year to 2,600,000 cars.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: