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  2. Investor Relations
  3. Strategy
  4. Outlook

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Outlook

Volkswagen continues to expect that deliveries to customers of the Volkswagen Group in 2019 will slightly exceed the prior-year figure amid continuously challenging market conditions. Challenges will arise particularly from the economic situation, the increasing intensity of competition, exchange rate volatility and stricter WLTP requirements. Volkswagen still estimates that sales rev-enue for the Volkswagen Group may be up by as much as 5 percent on the prior-year figure. In terms of the operating profit before special items for the Group and the Passenger Cars Business Area, we forecast an operating return on sales in the range of 6.5–7.5 percent in 2019. An operat-ing return on sales of between 6.0 and 7.0 percent is anticipated for the Commercial Vehicles Business Area. In the Power Engineering Business Area, a loss around the previous year’s level amid a slight rise in sales revenue is expected. The forecast for the Financial Services Division calls for a moderate increase in sales revenues and an operating profit at the prior-year level. Including special items, the operating return on sales is expected to fall at the lower end of the expected range for both the Group and the Passenger Cars Business Area.

Wolfsburg, May 2, 2019