Volkswagen today announced yet another growth in net income, 60% to 11,29 billion euros in the third quarter. Result only partially scratched by operating profit contracted by 1,6% in the nine months to 8,84 billion euros, which reflects the costs of the technological renewal implemented by the German automaker and the worsening crisis in the car market in Europe.
Europe's leading car manufacturer nevertheless recorded in the period a turnover up 24% to 144,2 billion and confirmed the goal of an increase in car sales and revenues consolidated results for this year and an operating profit in line with last year's of 11,27 billion euros. The stock advanced about 11% shortly before 1,7 in a market with little movement.
