The Volkswagen Group reached new records for deliveries, sales revenue and profit last year. “For the Volkswagen Group, 2007 was by far the most successful year in the Company’s history,” said Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, at the presentation of the Company’s 2007 financial results in Wolfsburg on Thursday. “We have impressively demonstrated the unique potential that this Company has to offer. This is also reflected in very concrete form in our key figures.” Sales revenue grew by 3.8 percent to €108.9 billion, and operating profit more than trebled to around €6.2 billion. At €6.5 billion, the target of €5.1 billion profit before tax originally planned for 2008 was substantially exceeded. “This significant improvement in earnings is a result of the success of our products and our strict cost and investment discipline,” said CFO Hans Dieter Pötsch. With a return on investment of 9.5 percent in the Automotive Division – following 2.1 percent in the previous year – Volkswagen not only earned its cost of capital, but also exceeded its own minimum required rate of return of 9 percent.