Volkswagen confirms outlook as operating profits tumble in Q2
Volkswagen Group sees a decline of 27.7% in operating profit before special items to 4.7 billion euros ($ 4.79 billion) in the second quarter, car makers reported on Thursday, due to the negative assessment effect of a commodity hedging transaction burdens the results.
Revenue rose 3.3% in the second quarter from last year to 69.5 billion euros, he said.
However, the car maker confirmed his prospects for a full year because the results of the first round as a whole, he said, were supported by higher profits in the first quarter and the chain of the supply chain of easing.
During the first six months of this year, car makers saw 16.1% of operating profit growth to 13.2 billion euros.
“This group expects the product mix to normalize in the second half of this year because the semiconductor situation increases and the company gets benefits from strong order deposits,” said Head of Finance Arno Antlitz.
