Europe’s big car maker Volkswagen (VW) Ride of the Halvanizing Competition. In the first half of the year, the Group earned 6.5 billion euros. Despite high investments in new models and works, this was an increase of 6.7 percent in the same period of the previous year, as the Group announced on Thursday in Wolfsburg. So VW cut something better than expected from analysts. However, the growth gained in the second quarter in view of a subterder development in Europe.
"We can be satisfied with the business progression of the first six months", said board leader Martin Winterkorn. "Our strong position on the world markets will help us despite the challenging environment to override the development of the overall market." The broad global statement and the multi-brand strategy are the competitive advantages of the Group together with the financial services. The French competitor PSA Peugeot Citroen was deep into the red numbers in the first half of the year and is standing in front of a hard austerity program. Also Daimler had to be feder in the second quarter.
Thanks to the full consolidation of the superved truck builders Man and a sales record, sales at Volkswagen in the first half of the year increased by 22.6 percent to 95.4 billion euros. The bottom line was even an increase of 35.9 percent to 8.8 billion euros. In addition to the good evolution of the business in China, which VW does not account for in its operating result, revaluation effects from options to the long-blocked complete success of Porsche contributed. With the Porsche valuation effects, it soon has an end. Because for the month of the month, Volkswagen wants to have integrated the sports car builders final in the Group.
For a small extension on the Borse, however, the VW board provided with his forecasts he does not hop like analysts. The VW preference shares listed in DAX lost 1.6 percent after the publication of the semi-annual report in a weak environment. Investors had a bold prognosis. "We ame that our planned goals can be reached for the full year", said VW chef Winterkorn. Sales and sales should reach record values this year. The operating result is to stagnate at the previous year’s level of 11.3 billion euros. There are difficulties on the truck market as well as the high investment in the works. The Group builds its production and wants to make more than 40 models from the so-called modular transverse construction box. This should save much money in the long term, but first prints the profit.
The Porsche’s supersence is all at all of the profit for profit this year, as depreciation from the purchase price allocation was allowed to compensate for the earnings contribution of the sports car builders first. From 2013 to Volkswagen then expects substantial contributing from the integration.
In the first six months, Volkswagen sold 4.6 million vehicles across the Group, 12.4 percent more than a year ago. As a draft horse, the premium brand Audi again proved to increase the operating profit growth of 13.2 percent to 2.9 billion euros. The core brand VW increased its profit by 3.8 percent to 2.2 billion euros. There was also growth in Skoda.
The Group can not completely remove the general sales growth in Europe. Above all, this gets the Spanish brand SEAT to traces that continues in the red numbers. PROCEDUREGRANGE There was also the load trough skania and one suffering from the demand career.