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Volkswagen, sales will increase in 2012 but profits will remain stable

CEO Martin Winterkorn announced that for the current year the automaker expects an increase in sales over the 8,3 million units of 2011 - But there will be no large increases in net profits - "The goal is to become the most profitable automaker by 2018”.

Volkswagen, sales will increase in 2012 but profits will remain stable

The overall performance of a Group does not depend exclusively on profit growth. This was reiterated today by the CEO of the Volkswagen Group, Martin Winterkorn, forecasting 2012 operating profit similar to last year's (that is to say 11,3 billion euros). Overcoming it will be possible starting from 2013 when growth will consolidate in the United States and in the emerging markets and when the crisis in Europe will ease. But sales, those are likely to exceed 8,3 million of specimens placed on the market in 2011 and could bring revenues well beyond last year's 159,3 billion. 

Thus the CEO Winterkorn recalled that Vokswagen's goal is to become the largest and most profitable car manufacturer by 2018 and that the Group is "on the right track towards the top of the automotive industry". 

 

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