VW results better than expected
German car maker Volkswagen performed significantly better than expected in the first half of 2010 it reported from its headquarters in Wolfsburg today (29 July)
Sales revenue was up 20.7 percent year-on-year at EUR 61.8 billion while pre-tax profits soared to EUR 2.6 billion (six months ended 30 June 2009: EUR 0.8 billion).
At 3.6 million vehicles, deliveries to customers were 15.8 percent higher than in the previous year, with demand from China, Western Europe, North and South America remaining high.
Nevertheless, VW warned that the dynamic growth in sales revenue and earnings in the first half of 2010 would not continue undiminished in the second half of the year. However, the company said it believed that sales revenue and operating profit in 2010 would be significantly higher than last year's figures.
