On October 29, 2020 the Volkswagen Group published its results for the third quarter 2020.
Interim Report
January - September 2020
Results third quarter 2020
Press Audio Webcast and Conference Call
at 9:00 a.m. CET hosted by
- Frank Witter, Chief Financial Officer of Volkswagen Aktiengesellschaft
- Dr. Christian Dahlheim, Head of Group Sales of Volkswagen Aktiengesellschaft
Investor / Analyst Audio Webcast and Conference Call
at 2:00 p.m. CET hosted by
- Frank Witter, Chief Financial Officer of Volkswagen Aktiengesellschaft
- Dr. Christian Dahlheim, Head of Group Sales of Volkswagen Aktiengesellschaft
Dokumente
Volkswagen Group returns to profitability
The Volkswagen Group’s business was heavily impacted by the Covid-19 pandemic in first nine months of 2020, but recovered noticeably in the third quarter. This means that the declines in deliveries, sales revenue and profit as of the end of September were significantly more moderate than at the half-year mark. The countermeasures initiated worldwide to cut costs, secure liquidity and decrease the funds tied up in working capital had as much of an impact as the continuing improvements in the situation in key sales markets.