Volkswagen has booked profit up 55% to EUR2.8bn (EUR3.5bn), with sales revenue rising 1.4% to EUR147.7bn for the first nine months of this year.
The Group notes a “robust performance” in the first nine months of 2014, despite an ongoing uncertain market environment.
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After three quarters, sales revenue was up only slightly year-on-year at EUR147.7bn, being negatively impacted by exchange rate effects in the first half of the year in particular.
Operating profit grew by 10% to EUR9.4bn despite “persistently difficult framework conditions.”
The Group’s operating profit and sales revenue exclude the activities of the Chinese joint ventures, which are accounted for in the financial result using the equity method and are therefore not included in consolidated operating profit.
The share of operating profit attributable to the Chinese joint ventures in the first nine months was EUR3.9bn, up from EUR3.5bn.
