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Wolfsburg, 2012-03-12

Record results for 2011
Annual Report

• Volkswagen Group presents record results for 2011
• Sales revenue up 25.6 percent to €159.3 billion
• Operating profit grows by over half to €11.3 billion
• “Strategy 2018” is working – ecological restructuring launched
• Dynamic start to the year – deliveries up 7.7 percent in the first two months
• Growth in deliveries and sales revenue expected for 2012, plus operating
  profit at high prior-year level

The Volkswagen Group again reported record vehicle sales, sales revenue and earnings in 2011 and is confident about its prospects for 2012. “The Volkswagen Group has extended its string of unbroken successes in 2011. We are making steady progress on our way to pole position in the automotive industry”, said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen Aktiengesellschaft, on Monday during the presentation of the Company’s 2011 financial results.

The Volkswagen Group clearly beat its ambitious goals in fiscal year 2011, setting new records for vehicle sales, sales revenue and earnings. The Group made progress both quantitatively and qualitatively: more than 8 million vehicles sold for the first time, the highest product quality and customer and employee satisfaction were coupled with sound finances and a steady increase in profitability. The diverse model portfolio was again expanded by fascinating new vehicles, and the Group occupied new, high-growth segments.

For 2012, Winterkorn is convinced that Volkswagen’s broad global positioning and unique diversity of brands, vehicles and services mean that the Company has what it takes to outperform its competitors. “Our Strategy 2018 is working. We remain on track on our way to the top of the automotive industry”, said Winterkorn.

CFO Hans Dieter Pötsch was also satisfied with developments in 2011: “We have further increased our profitability and impressively demonstrated the robustness of our Group.” The Volkswagen Group has established a strong position and its sound finances mean that it is well prepared for the future: “Expanding our production capacity in growth markets will help to reinforce our position there and improve the quality of our earnings.” In light of the still very volatile global economic environment and the associated uncertainty, the Volkswagen Group will systematically continue its strategy of disciplined cost and investment management with a view to further increasing its profitability and thus its competitiveness.

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Volkswagen Group presents record results for 2011

Volkswagen AG Annual Report 2011


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