Volkswagen resounding loss – more than $ 32 billion – Swedish Dagbladet

Photo: SERGIO MORAES / REUTERS

Revenue amounted to 51.5 billion euros, over 480 billion during the quarter. Expected, net sales of 50.7 billion euros, about 475 billion, writes Direct.

The report shows that there are negative non-recurring items resulting from the “gas issue” of 6.7 billion euros, around 63 billion .

In the truck business, the corresponding figure in which 0.2 billion euros, just under 2 billion.

And the new CEO Matthias Müller expresses himself completely cards in the report summary:

“We will do everything in our power to win back the trust we have lost,” writes Müller.

And it is clear that from management now wants to spread the image that it has the situation under control.

– The Volkswagen group is very solid and robust liquidity resources. This will help us to manage the challenging situation caused by the economic impact of the diesel issue, said Frank Witter, CFO of the car division.

VW shares rose after the presentation of the consolidated quarterly report on Wednesday. Initially, it rose by 4 percent, AFP reports, but had half an hour later had fallen to approximately just under three per cent plus.

In the report summary is also clear that Scania generated an operating profit of EUR 748 million , about 7 billion kronor (700 million euros, 6.5 billion).

The increase in Sodertalje The company was primarily attributable to the service business and positive currency effects.

As for the outlook for the full year, the company pessimistic.

“Because of the fees associated with irregularities in the software used for some diesel engines, we expect that the operating result for 2015 for the Group and business area for cars goes down considerably compared with the previous year” .