The Volkswagen Group (www.volkswagenag.com) is making good progress with overcoming the diesel crisis, achieving “a very robust performance”
last year, even though its earnings were impacted once again by negative ‘special items’; these excluded, the Group exceeded its original forecasts, with sales revenue in the 2016 fiscal year rising by 4.0 billion euros to 217.3 billion.

At 7.1 billion euros, the Group’s ‘operating result’, which had slipped into the red in the previous year due to the diesel issue, was back in strongly positive territory. Before special items, the Group’s
operating result reached a new record, and at 14.6 billion euros, it was substantially higher than the prior-year figure (+14%).

CEO Matthias Müller said: “While the past fiscal year posed major challenges for us, the Group’s operating business gave its best-ever performance. As the figures show, Volkswagen is very solidly positioned in both operational and financial terms. This makes us optimistic about the future.”

In spite of further challenges resulting from the diesel issue and the persistently difficult conditions in vehicle markets such as Brazil and Russia, the Group delivered 10.3 million vehicles to customers world-wide in the last fiscal year, reaching not only its targets for 2016 but also a new record. The business of the Chinese
joint ventures is not included in the Group’s sales revenue and operating profit.