The Volkswagen Group comes out of the Corona low.
In the third quarter, the world's largest automaker was back in the black.
But it is still too early to give the all-clear.
At
Volkswagen,
business
picks up again
after the
Corona
slump in the spring.
The core brand
VW
is back in the black.
But one brand drives everyone away.
Munich - The
Volkswagen
* group is taking off again after the deep Corona slump.
In the third quarter, the world's largest carmaker earned 3.2 billion euros in operating terms before special items, compared to 4.8 billion euros in the previous year, the group announced on Thursday.
At 59.4 billion, sales were still 3.4 percent below the previous year's figure.
However, compared to the crash in the second quarter, when revenues had slumped by a good third, the situation has largely stabilized recently.
Business also picked up again
with the core brand
VW
.
The heart of the group recently achieved an operating profit of around 500 million euros.
You can now see a "noticeable recovery," said
Volkswagen
on Thursday.
However, the consequences of the
Corona
* pandemic are still noticeable.
From January to September, the Wolfsburg-based group with sales of 155.5 billion euros is still 16.7 percent behind the same period last year.
Volkswagen confirms outlook for 2020 and underscores future investments:
🔹 # VWGroup continues to expect positive operating result for 2020
🔹Upward trend anticipated to continue for the remainder of the year
🔹Investments in e-mobility and digitalization confirmed
- Volkswagen Group (@VWGroup) September 30, 2020
In terms of sales, the drop is 18.7 percent to 6.5 million vehicles.
The gap in the operating result is even greater.
With an operating result of 1.69 billion euros after the first nine months, there is a gap of 87.5 percent compared to the previous year.
The first Corona lockdown in spring still leaves deep marks in the figures.
At that time, the group had to stop its production worldwide, many car dealerships were closed.
In the meantime,
VW has been
able to
make up some of the backlog.
In addition to the VAT reduction, the purchase premiums for hybrid and electric cars also contributed to this.
VW in the Corona crisis: Porsche remains the main earnings driver - MAN deep in the red
The main earnings driver in the current year was again
Porsche
*.
The Stuttgart sports car manufacturer posted an operating profit of 1.84 (previous year: 3.2) billion euros in the first three quarters.
In contrast, the core brand
VW was
the biggest loss maker with an operating minus of 969 million euros - ahead of
MAN
.
The Munich truck manufacturer has slipped deep into the red with 461 million in the current year.
It was not until Wednesday evening * that the group had warned of deep red numbers for the full year.
For the full year,
Volkswagen
confirmed
its most recent outlook.
According to this, deliveries and sales are likely to be significantly below the previous year.
The group continues to expect operating profit to be in the black.
However, the second wave of corona threatens new risks.
Investors were nevertheless satisfied.
The
VW preference share
listed in the Dax rose
by 1.3 percent.
* Merkur.de is part of the nationwide Ippen Digital editorial network.
