The Volkswagen Group plans to expand after the most successful year in company history in 2011 and remain in the following years on a sustainable growth rate and its market position. "With new models, environmentally friendly technologies and our modular building blocks, we are now creating the best conditions for profitable growth," said Board Chairman Prof.
Dr. Martin Winterkorn, today at the annual press conference in Wolfsburg. While the global automotive sales increased by 11.4 percent to 58.7 million vehicles, the Volkswagen Group increased deliveries to its customers last year by 13.7 percent to 7.2 million vehicles. For the first time the mark was exceeded seven million units.
The company's sales increased during the past fiscal year by 20.6 percent to 126.9 (previous year: 105.2) billion euros. Of sales growth in the amount of 21.7 billion euros accounted for about 19.8 billion euros in the automotive sector. Operating profit rose to a record € 7.1 billion, an improvement of 5.3 billion euros compared to 2009.
It had volume and mix and price effects, the strongest drivers (4.6 billion euros). There were also positive exchange rate effects (€ 1 billion) and higher proceeds from Scania (1.1 billion euros) and in financial services (0.3 billion euros). In addition, savings of 1.6 billion euro had a positive impact on product costs, originally was a reduction of € 1 billion planned.
Earnings were impacted by higher fixed costs in the amount of 2.8 billion euros. The primary influence here had start-up costs for new works and costs for new products. It went up sharply last year to 13.5 (3.8) percent. It was thus not only about the level of good fiscal years 2007 and 2008, but also significantly above their own minimum required rate of 9 percent.
On financial services, the return on equity rose from 7.9 to 12.9 percent. Overall, earnings before tax of the Volkswagen Group in the past year by 7.7 billion euros to 9.0 billion euros. After tax is 7.2 (0.9) billion € is also a record in the books. Of the net income of Volkswagen AG at 1.5 (1.1) billion € Board and Supervisory Board propose on 3 May in Hamburg to increase the dividend per ordinary share 2.20 (1.60) per preference share and € 2.26 (1.66) € before.
Volkswagen invested 2010 in the Automotive Division, about 5.7 billion euros, the value was comparable to last year. By 2015, investments amounting to 53.5 billion euros added planned 10.6 billion more in China. Growth engine for car sales was unchanged, the Asia-Pacific, and there especially the Chinese market.
With nearly 2 million vehicles and an increase of 37.4 percent VW could expand its leading position in China again. But in many other markets, the Group improved significantly. There were clear increases in the number of deliveries in South America with an increase of 9.9 percent to 908 000 vehicles in the U.S.
with an increase of 20.9 percent to 360 000 units. In the European business in a difficult market environment overall a slight increase was from 3.1 percent to 3.6 million vehicles to book. In Germany, the Volkswagen Group delivered last year by a million vehicles 16.7 percent less than in 2009.
So that the company was even better than the overall market, which declined because of the omission of the state environmental premium of 23.4 percent. The global market share of Volkswagen Group's passenger car business rose from 11.2 percent to 11.4 percent. Passenger car sales of core brand, developed mainly in Russia, China and the United States are very dynamic.
The number of vehicles delivered rose by almost 14 percent, surpassing the first time the target of 4.5 million vehicles. The operating result of the brand in the passenger car business in the past year with 2.2 billion (previous year: 561 million) almost quadrupled €. With approximately 1.1 million deliveries (15%) was 2010 for Audi (including Lamborghini), the biggest sales and profitable year in the history of the company.
Operating profit of the brand has doubled to more than 3.3 billion euros. Škoda for the fiscal year 2010 was also very positive. Especially in new growth markets of China, Russia and India, the Czech models were in demand. Deliveries reached 763,000 vehicles (+15%). This is the eighth record in a row.
The operating result, Škoda doubled year on year to 447 (203) million euros more than. For the problem child seat it was last year, gradually picking up. Deliveries subjected to 340 000 vehicles (+0.8%). Operating profit improved by 28 million to minus EUR 311 million. Had a positive impact from the strong sales of the new Leon and Altea models.
Still, the Spanish brand suffers from the demand on the domestic car market where the company however was last year after 31 years to regain market leadership. Although the conditions in the luxury segment in 2010 were difficult, Bentley was able to increase its shipments by about eleven percent on 5117 vehicles.
Due to shifts in market and product mix and costs for new products, operating profit fell by Bentley's 51 million to minus EUR 245 million. Volkswagen Commercial Vehicles last year was again on a clear course of expansion. Deliveries rose by 20 percent to 436 000 vehicles. Growth was primarily in South America.
Operating profit decreased by 81 million to 232 million euros. Adjusted for the prior year included revenue from the sale of the Brazilian truck business to MAN of around 600 million euros, operating profit was, however, significantly higher than in 2009. Scania was difficult after the truck in 2009, driven by strong market recovery pick up sharply.
Deliveries reached 63 700 vehicles, an increase of 46.7 percent. Operating profit has increased fivefold to 1.3 billion euros over. Volkswagen Financial Services generated an operating profit of 932 (606) million euros worldwide, the region completed 2.7 million new financing, leasing and insurance contracts, an increase of 7.6 percent over the previous year.
In the operating business, the Volkswagen Group expects 2011 to continue the positive development of last year. In the first two months, deliveries to the world around 1.2 million vehicles compared with last year have already risen by 17.5 percent. Thus, the Group is once again grew faster than the market.
VW seeks in its "Strategy 2018" until 2018, more than 10 million vehicles annually for sale and generate a return on sales before tax of more than 8 percent. Here the group will create the world by 2018, more than 50,000 additional jobs. Key elements of the "Strategy 2018" will include a targeted expansion of the brand and product portfolio and further strengthen our global presence.
(Ampnet / jri) 
Dr. Martin Winterkorn, today at the annual press conference in Wolfsburg. While the global automotive sales increased by 11.4 percent to 58.7 million vehicles, the Volkswagen Group increased deliveries to its customers last year by 13.7 percent to 7.2 million vehicles. For the first time the mark was exceeded seven million units.
The company's sales increased during the past fiscal year by 20.6 percent to 126.9 (previous year: 105.2) billion euros. Of sales growth in the amount of 21.7 billion euros accounted for about 19.8 billion euros in the automotive sector. Operating profit rose to a record € 7.1 billion, an improvement of 5.3 billion euros compared to 2009.
It had volume and mix and price effects, the strongest drivers (4.6 billion euros). There were also positive exchange rate effects (€ 1 billion) and higher proceeds from Scania (1.1 billion euros) and in financial services (0.3 billion euros). In addition, savings of 1.6 billion euro had a positive impact on product costs, originally was a reduction of € 1 billion planned.
Earnings were impacted by higher fixed costs in the amount of 2.8 billion euros. The primary influence here had start-up costs for new works and costs for new products. It went up sharply last year to 13.5 (3.8) percent. It was thus not only about the level of good fiscal years 2007 and 2008, but also significantly above their own minimum required rate of 9 percent.
On financial services, the return on equity rose from 7.9 to 12.9 percent. Overall, earnings before tax of the Volkswagen Group in the past year by 7.7 billion euros to 9.0 billion euros. After tax is 7.2 (0.9) billion € is also a record in the books. Of the net income of Volkswagen AG at 1.5 (1.1) billion € Board and Supervisory Board propose on 3 May in Hamburg to increase the dividend per ordinary share 2.20 (1.60) per preference share and € 2.26 (1.66) € before.
Volkswagen invested 2010 in the Automotive Division, about 5.7 billion euros, the value was comparable to last year. By 2015, investments amounting to 53.5 billion euros added planned 10.6 billion more in China. Growth engine for car sales was unchanged, the Asia-Pacific, and there especially the Chinese market.
With nearly 2 million vehicles and an increase of 37.4 percent VW could expand its leading position in China again. But in many other markets, the Group improved significantly. There were clear increases in the number of deliveries in South America with an increase of 9.9 percent to 908 000 vehicles in the U.S.
with an increase of 20.9 percent to 360 000 units. In the European business in a difficult market environment overall a slight increase was from 3.1 percent to 3.6 million vehicles to book. In Germany, the Volkswagen Group delivered last year by a million vehicles 16.7 percent less than in 2009.
So that the company was even better than the overall market, which declined because of the omission of the state environmental premium of 23.4 percent. The global market share of Volkswagen Group's passenger car business rose from 11.2 percent to 11.4 percent. Passenger car sales of core brand, developed mainly in Russia, China and the United States are very dynamic.
The number of vehicles delivered rose by almost 14 percent, surpassing the first time the target of 4.5 million vehicles. The operating result of the brand in the passenger car business in the past year with 2.2 billion (previous year: 561 million) almost quadrupled €. With approximately 1.1 million deliveries (15%) was 2010 for Audi (including Lamborghini), the biggest sales and profitable year in the history of the company.
Operating profit of the brand has doubled to more than 3.3 billion euros. Škoda for the fiscal year 2010 was also very positive. Especially in new growth markets of China, Russia and India, the Czech models were in demand. Deliveries reached 763,000 vehicles (+15%). This is the eighth record in a row.
The operating result, Škoda doubled year on year to 447 (203) million euros more than. For the problem child seat it was last year, gradually picking up. Deliveries subjected to 340 000 vehicles (+0.8%). Operating profit improved by 28 million to minus EUR 311 million. Had a positive impact from the strong sales of the new Leon and Altea models.
Still, the Spanish brand suffers from the demand on the domestic car market where the company however was last year after 31 years to regain market leadership. Although the conditions in the luxury segment in 2010 were difficult, Bentley was able to increase its shipments by about eleven percent on 5117 vehicles.
Due to shifts in market and product mix and costs for new products, operating profit fell by Bentley's 51 million to minus EUR 245 million. Volkswagen Commercial Vehicles last year was again on a clear course of expansion. Deliveries rose by 20 percent to 436 000 vehicles. Growth was primarily in South America.
Operating profit decreased by 81 million to 232 million euros. Adjusted for the prior year included revenue from the sale of the Brazilian truck business to MAN of around 600 million euros, operating profit was, however, significantly higher than in 2009. Scania was difficult after the truck in 2009, driven by strong market recovery pick up sharply.
Deliveries reached 63 700 vehicles, an increase of 46.7 percent. Operating profit has increased fivefold to 1.3 billion euros over. Volkswagen Financial Services generated an operating profit of 932 (606) million euros worldwide, the region completed 2.7 million new financing, leasing and insurance contracts, an increase of 7.6 percent over the previous year.
In the operating business, the Volkswagen Group expects 2011 to continue the positive development of last year. In the first two months, deliveries to the world around 1.2 million vehicles compared with last year have already risen by 17.5 percent. Thus, the Group is once again grew faster than the market.
VW seeks in its "Strategy 2018" until 2018, more than 10 million vehicles annually for sale and generate a return on sales before tax of more than 8 percent. Here the group will create the world by 2018, more than 50,000 additional jobs. Key elements of the "Strategy 2018" will include a targeted expansion of the brand and product portfolio and further strengthen our global presence.
(Ampnet / jri)
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