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Volkswagen Group Reports Strong Results In Q1 2021
May 06, 2021 at 8:54am ET ++ The company sold some 133,000 plug-ins globally, including close to 60,000 all-electric.
The Volkswagen Group (which includes Volkswagen, Audi, Porsche, Skoda, SEAT and more) reports quite strong business results in the first quarter of 2021.
Let s first take a look at general numbers and then focus on the plug-in electric car sales.
The group has increased its vehicle deliveries by 21.2% year-over-year to 2.4 million (compared to 2.0 million in Q1 2020). That s 12.4% of global car sales.
That allowed it to increase the revenues to €62.4 billion (up 13.2% year-over-year), but more importantly, the operating profits improved to €4.8 billion, which is 7.7% gross margin. The income after tax will be €3.4 billion (5.4% of revenues).