Volkswagen group said 2012 sales revenue of EUR 192.7bn was up on 2011’s EUR159.3bn while operating profit rose to EUR 11.5bn from EUR 11.3bn.
“The economic environment for our business became noticeably more difficult as the year progressed. Nevertheless, we succeeded in meeting the targets we set ourselves for 2012”, chairman Martin Winterkorn said.
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The group’s profit before tax in 2012 was EUR 25.5bn (EUR 18.9bn).
Winterkorn was guardedly confident about 2013: “We, too, are not completely immune to the intense competition and the far-reaching crisis in key European markets. Furthermore, uncertainty in the economic environment continues. Nevertheless, we see good opportunities for the Volkswagen Group to once again outperform competitors this year thanks to our sound financial strength and earning power, a broad-based and attractive model range, an expanding presence on all major global markets and our comprehensive financial services.”
The group’s goal for operating profit is to match the prior-year level in 2013. Deliveries to customers and sales revenue are to increase year-on-year.
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