Volkswagen AG — Earnings Release 2002

Jul 30, 2002

News Details

Ad-hoc | 30 July 2002 08:29

Volkswagen AG english

Satisfactory half-year result despite difficult conditions Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Satisfactory half-year result despite difficult conditions —————————————————————————– January-June 2002 2001 +/- (%) —————————————————————————– Volkswagen Group Deliveries to customers ‘000 units 2,514 2,658 – 5.4 Unit sales ‘000 units 2,495 2,723 – 8.4 Production ‘000 units 2,551 2,770 – 7.9 Sales revenue million EUR 44,060 45,498 – 3.2 Operating profit million EUR 2,532 2,638 – 4.0 Profit before tax million EUR 2,263 2,360 – 4.1 Profit after tax million EUR 1,403 1,454 – 3.5 Earnings per ordinary share (undiluted) EUR 3.64 3.84 – 5.2 Automotive Division Cash flows from investing activities million EUR 3,997 3,442 + 16.1 Cash flows from operating activities million EUR 4,690 3,740 + 25.4 —————————————————————————– The Volkswagen Group currently expects to achieve a profit before tax of around 4 billion Euro in 2002 with sales volumes of just under 5 million units. Wolfsburg, July 30, 2002 VOLKSWAGEN AKTIENGESELLSCHAFT The Board of Management The full interim report is available at ” http://www.volkswagen-ir.de “. end of ad-hoc-announcement (c)DGAP 30.07.2002 ——————————————————————————– WKN: 766 400; ISIN: DE0007664005; Index: DAX, Euro Stoxx 50 Listed: Amtlicher Markt in Berlin, Bremen, Düsseldorf, Frankfurt, Hamburg, Hannover, München und Stuttgart; EUREX; Amsterdam, Antwerpen, Brüssel, London, Luxemburg, Paris, Schweizer Börse (Hauptsegment), Wien, Tokio, Madrid, Barcelona, Bilbao, Valencia und Mailand. 300829 Jul 02