{"id":25935,"date":"2020-04-30T00:00:00","date_gmt":"2020-04-30T00:00:00","guid":{"rendered":"https:\/\/www.volkswagen.es\/2020\/04\/30\/volkswagen-brand-first-quarter-sales-revenue-and-profit-down-on-previous-year-due-to-impact-of-covid-19\/"},"modified":"2020-04-30T00:00:00","modified_gmt":"2020-04-30T00:00:00","slug":"volkswagen-brand-first-quarter-sales-revenue-and-profit-down-on-previous-year-due-to-impact-of-covid-19","status":"publish","type":"post","link":"https:\/\/www.volkswagen.es\/comunicacion\/volkswagen-brand-first-quarter-sales-revenue-and-profit-down-on-previous-year-due-to-impact-of-covid-19\/","title":{"rendered":"VOLKSWAGEN BRAND \u00bb FIRST-QUARTER SALES REVENUE AND PROFIT DOWN ON PREVIOUS YEAR DUE TO IMPACT OF COVID-19"},"content":{"rendered":"
\n

Ralf Brandst\u00e4tter, COO of the Volkswagen brand: \u00abAfter a solid start to the year, the global pandemic severely impacted our business as the quarter progressed. Our current focus is therefore ensuring liquidity. We are reviewing all our projects to reassess their importance to our short-term needs. However, this will have no impact on strategic projects such as the new ID.301.\u00bb<\/p>\n

Alexander Seitz, CFO of the Volkswagen brand: \u00abThe Volkswagen brand was taking an extremely resolute approach to costs even before Covid-19 appeared. We will be reinforcing this policy with further measures to enhance efficiency and productivity. Rigorous discipline with regard to expenditure and costs is more important than ever in the current situation. We remain on a solid financial footing.\u00bb<\/p>\n

Volkswagen brand with solid start to year, but severe decline in February<\/strong><\/p>\n

The Covid-19 pandemic caused the already difficult economic situation over the last few few months to become even more challenging. After a solid start to the year, the brand experienced a substantial decline in deliveries to customers from February onwards. In the first three months of 2020, the brand delivered a total of 1,091,500 vehicles (same period of the previous year: 1,456,400).<\/p>\n

Net cash flow positive despite difficulties in first quarter<\/strong><\/p>\n

The ongoing measures to enhance the profitability and efficiency of the Volkswagen brand are having a positive effect in a challenging overall situation. In the first quarter of 2020, the net cash flow before special items of around EUR 0.5 billion remained in the positive range.<\/p>\n

Volkswagen focuses on attractive product portfolio, with sights firmly fixed on e-mobility<\/strong><\/p>\n

The Volkswagen brand is focusing on an attractive product portfolio, a strategy supported by its regionalized range of SUVs. Very much in demand, these models belong to the top-selling vehicles in their respective markets. Examples include the Tiguan and T-Roc in Western Europe (particularly Germany) and China, and the T-Cross in South America. Volkswagen is continuing its product initiative across all segments. The new Golf 8 is now being introduced into a growing number of markets. This summer, Volkswagen plans the Europe-wide roll-out of the fully-electric ID.301, the first updatable electric car based on the MEB toolkit.<\/p>\n<\/p><\/div>\n

<\/div>\n
\n

Key figures for the Volkswagen brand:<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n
\n

Jan. – Mar.<\/strong>
<\/strong>2020<\/strong><\/p>\n<\/td>\n

\n

Jan. – Mar. 2019<\/strong><\/p>\n<\/td>\n

\n

Change<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Deliveries <\/strong>
<\/strong>(incl. China)<\/strong><\/p>\n<\/td>\n

\n

1,091,500<\/p>\n<\/td>\n

\n

1,456,400<\/p>\n<\/td>\n

\n

-25.1%<\/p>\n<\/td>\n<\/tr>\n

\n

Vehicle sales<\/strong><\/p>\n<\/td>\n

\n

765,000<\/p>\n<\/td>\n

\n

910,000<\/p>\n<\/td>\n

\n

-16.0%<\/p>\n<\/td>\n<\/tr>\n

\n

Sales revenue <\/strong>
<\/strong>(\u20ac million)<\/strong><\/p>\n<\/td>\n

\n

18,965<\/p>\n<\/td>\n

\n

21,538<\/p>\n<\/td>\n

\n

-11.9%<\/p>\n<\/td>\n<\/tr>\n

\n

Operating profit* (\u20ac million)<\/strong><\/p>\n<\/td>\n

\n

481<\/p>\n<\/td>\n

\n

921<\/p>\n<\/td>\n

\n

-47.7%<\/p>\n<\/td>\n<\/tr>\n

\n

Operating return on sales*<\/strong><\/p>\n<\/td>\n

\n

2.5%<\/p>\n<\/td>\n

\n

4.3%<\/p>\n<\/td>\n

\n

-1.8 ppt<\/p>\n<\/td>\n<\/tr>\n

\n

Net cash flow* <\/strong>
<\/strong>(\u20ac million)<\/strong><\/p>\n<\/td>\n

\n

470<\/p>\n<\/td>\n

\n

601<\/p>\n<\/td>\n

\n

-21.8%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

* before special items<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n

Deliveries to customers by market<\/strong><\/p>\n<\/td>\n

\n

Jan. – Mar.<\/strong>
<\/strong>2020<\/strong><\/p>\n<\/td>\n

\n

Jan. – Mar. 2019<\/strong><\/p>\n<\/td>\n

\n

Change<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Western Europe<\/strong><\/p>\n<\/td>\n

\n

297,300<\/p>\n<\/td>\n

\n

383,500<\/p>\n<\/td>\n

\n

-22.5%<\/p>\n<\/td>\n<\/tr>\n

\n

Central and Eastern Europe<\/strong><\/p>\n<\/td>\n

\n

54,500<\/p>\n<\/td>\n

\n

62,000<\/p>\n<\/td>\n

\n

-12.2%<\/p>\n<\/td>\n<\/tr>\n

\n

North America<\/strong><\/p>\n<\/td>\n

\n

117,300<\/p>\n<\/td>\n

\n

132,100<\/p>\n<\/td>\n

\n

-11.2%<\/p>\n<\/td>\n<\/tr>\n

\n

South America<\/strong><\/p>\n<\/td>\n

\n

101,600<\/p>\n<\/td>\n

\n

105,100<\/p>\n<\/td>\n

\n

-3.3%<\/p>\n<\/td>\n<\/tr>\n

\n

China (incl. HK)<\/strong><\/p>\n<\/td>\n

\n

455,800<\/p>\n<\/td>\n

\n

703,400<\/p>\n<\/td>\n

\n

-35.2%<\/p>\n<\/td>\n<\/tr>\n

\n

Rest of Asia-Pacific<\/strong><\/p>\n<\/td>\n

\n

29,800<\/p>\n<\/td>\n

\n

37,600<\/p>\n<\/td>\n

\n

-20.9%<\/p>\n<\/td>\n<\/tr>\n

\n

Middle East\/Africa<\/strong><\/p>\n<\/td>\n

\n

35,200<\/p>\n<\/td>\n

\n

32,700<\/p>\n<\/td>\n

\n

+7.8%<\/p>\n<\/td>\n<\/tr>\n

\n

Brand overall<\/strong><\/p>\n<\/td>\n

\n

1,091,500<\/p>\n<\/td>\n

\n

1,456,400<\/p>\n<\/td>\n

\n

-25.1%<\/p>\n

<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"Sales revenue from January to March fell to around EUR 19 billion (-11.9 percent)Operating profit remained positive at EUR 481 million (- 47.7 percent in comparison to previous year)Operating return on sales stood at 2.5","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[281],"tags":[],"class_list":["post-25935","post","type-post","status-publish","format-standard","hentry","category-ventas"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/posts\/25935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/comments?post=25935"}],"version-history":[{"count":0,"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/posts\/25935\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/media?parent=25935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/categories?post=25935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.volkswagen.es\/comunicacion\/wp-json\/wp\/v2\/tags?post=25935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}