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VW Posts 28% Jump in 1Q Operating Profit
Volkswagen Group hiked its first-quarter operating profit in 2017 to €4.4 billion ($4.7 billion) from €3.4 million in the same period last year.
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Volkswagen Group hiked its first-quarter operating profit in 2017 to €4.4 billion ($4.7 billion) from €3.4 million in the same period last year.
The company, which describes the improvement as “significantly higher” than analysts expected, will report full financials on May 3. The pre-announcement earnings news caused VW shares to climb nearly 4% in early trading today.
The company reiterates that it expects full-year operating return on sales between 6% and 7%.
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