Between January and June, the company posted an operating profit of € 11.6 billion ($ 13.7 billion), based on preliminary figures released in early July. This is a result higher than the 9,000 million (10,600 million dollars) of the first half of 2019, which was a record, just before the health crisis.
The net result reached 8.5 billion euros ($ 10 billion), compared to 1 billion euros ($ 1.1 billion) in losses in 2020, according to the statement.
As a result of the “good financial results”, profitability reached 8.8% in six months.
“Above all, premium sales have performed very well” with “double-digit margins,” according to group boss Herbert Diess.
However, like the industry as a whole, Volkswagen continues to be exposed to semiconductor shortages, which disrupt supply chains.
“As a result, the group lowers its sales forecast,” said Volkswagen, which, however, foresees a level “significantly” higher than in 2020.