The Volkswagen brand continued its successful business development in the third quarter of 2017. Sales revenue rose by 8.3 percent to €58.9 billion from January to September. Over the first nine months of the year, Volkswagen also succeeded in more than doubling the operating profit before special items to €2.5 billion.
This was impacted by additional provisions of roughly the same amount for the buyback/retrofit program for 2.0-liter TDI vehicles in North America, which had already been announced by the Group and were included in the brand’s third-quarter accounts. Adjusted for this special item, the brand has improved its operating margin by 4.3 percent after nine months.