HELSINKI: A Volkswagen concept Beetle is displayed during the New York International Auto Show on April 2, 2015 in New York City. The auto show wraps two days of press previews today before opening for the public tomorrow, April 3, 2015. File Photo AFP-Lehtikuva.
The Volkswagen Group on Wednesday reported higher sales revenue in the first quarter and said it makes “a good start” to fiscal year 2015. Sales revenue rose by 10.3 percent to 52.7 billion euros in the first quarter as a result of higher volumes, improvements in the mix and positive exchange rate effects, a statement by the group said.
The operating profit grew by 16.6 percent to 3.3 billion euros and the profit after tax rose to 2.9 billion euros, as compared to 2.5 billion euros recorded in the first quarter of 2014. Martin Winterkorn, Chairman of the Board of Management, said in Wolfsburg that the company remained on course despite the headwinds as the key figures suggested.
