Volkswagen Group and its brands bring 2019 to successful conclusion
Operating profit (previous year’s figure excludes special items) amounted to EUR 4.5 (4.7) billion. The operating return on sales (previous year’s figure excludes special items) was 8.1 (7.9) percent.
SEAT continued its upward trend in the reporting year: Sales revenue was EUR 11.5 billion, exceeding the previous year’s record figure by 12.7 percent. The SEAT brand’s operating return on sales improved to 3.9 (2.5) percent.
The Bentley brand generated sales revenue of EUR 2.1 billion in 2019, exceeding the equivalent prior-year figure by 35.1 percent. Operating profit improved to EUR 65 (–288) million driven by higher volumes, as well as by cost savings in connection with the ongoing efficiency program together with mix effects and exchange rate trends. The brand’s operating return on sales increased to 3.1 (–18.6) percent.
Mar 17, 2020 at 15:09