Vladimír Urbánek (Kurzy.cz)
World markets  |  July 26, 2012 12:20:08

VW Profit in 2Q grew market share in Europe grew, interest in the Audi make up the overall decline in European


The European automotive leader Volkswagen (VW) for Q2 of this year, the annual growth in operating profit by 3.4% to 3.28 mld.EUR. In 1Q12, this indicator grew by 10%. Market for 2Q

German car sales overall grew by 19% versus 26% in 1Q12. Decrease in growth rate results primarily associated with problems in Europe. VW sells about 25% of its production to European markets and its sales in the region decreased by 2% compared with growth of 0.5% in 1Q. It is estimated that the interest on the domestic German market in the second half of last year's further drop of 3.17 to 3.1 million cars sold.
VW share in the European market, unlike most rivals, and it grew from 22.7 to 24.1%. Sales of the Peugeot example 1H declined by 14%, Renault and Fiat sales fell by 17%. VW said in the first half of the markets of 4.55 million vehicles, representing an annual growth of 10%.In 1Q deliveries grew by 23%.

Despite the problems in Europe lead automakers confirmed the original target set for this year's operating profit at 11.3 mld.EUR. Problems of the European market should offset continued growth in China and the USA.

VW shares in response to the results fell by about 3%. Since the beginning of the end of yesterday's degree grew by 13%.
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Zisk VW ve 2Q rostl, podíl na evropském trhu rostl, zájem o Audi vynahradil celkový evropský pokles

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