Interim Report January - September 2018

Results for the third quarter 2018

The Volkswagen Group published the financial results for the 3rd quarter 2018 in two audio webcasts and conference calls.

The Volkswagen Group increases deliveries to customers by 4.2 percent year-on-year in the first nine months, despite challenges presented by the WLTP test procedure
Group sales revenue up by 2.7 percent to EUR 174.6 billion due to volume-related factors
At EUR 13.3 billion, the operating profit before special items remained at the previous year's level
Slight increase in operating profit to EUR 10.9 billion – negative special times in connection with the diesel issue amount to EUR 2.4 billion, following the previous year’s EUR 2.6 billion
Profit before tax improves by EUR 2.2 billion to EUR 12.5 billion
Net liquidity in the Automotive Division at EUR 24.8 billion CEO Herbert Diess: “The development in the first nine months of the current fiscal year is encouraging. We are still facing major challenges."

PRESS Audio Webcast and Conference Call

at 9:00 am (CET) hosted by

Frank Witter, Member of the Board of Management of Volkswagen Aktiengesellschaft
Dr. Christian Dahlheim, Director Group Sales of Volkswagen Aktiengesellschaft

INVESTOR and ANALYST Audio Webcast and Conference Call

at 2:00 pm (CET) hosted by

Frank Witter, Member of the Board of Management of Volkswagen Aktiengesellschaft
Dr. Christian Dahlheim, Director Group Sales of Volkswagen Aktiengesellschaft

The specified fuel consumption and emission data are determined in accordance with the measurement procedures prescribed by law. 1 January 2022, the WLTP test cycle completely replaced the NEDC test cycle and therefore no NEDC values are available for new type approved vehicles after that date. This information does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO₂ emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Due to more realistic testing conditions, fuel consumption and CO₂ emissions measured according to WLTP will in many cases be higher than the values measured according to NEDC. As a result, the taxation of vehicles may change accordingly as of 1 September 2018. For further information on the differences between WLTP and NEDC, please visit www.volkswagen.de/wltp. Further information on official fuel consumption data and official specific CO₂ emissions for new passenger cars can be found in the "Guide to fuel economy, CO₂ emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.