DGAP-Adhoc

VOLKSWAGEN AG: Volkswagen presents 2011 preliminary consolidated financial statements:

VOLKSWAGEN AG  / Key word(s): Final Results

24.02.2012 10:24

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Volkswagen presents 2011 preliminary consolidated financial statements:
  
- Volkswagen Group again generates record profit in the fiscal year
  
- Operating profit up significantly on prior-year level at EUR 11.3
  billion (EUR 7.1 billion)
  
- Profit before tax increases to EUR 18.9 billion; positive effects from
  equity-accounted investments and from measurement of put/call rights
  relating to Porsche Zwischenholding GmbH at the reporting date
  
- Board of Management proposes an increase in the dividend for
  Volkswagen shareholders to EUR 3.00 per ordinary share and EUR 3.06
  per preferred share
  
- Deliveries top the 8 million mark for the first time at 8.3 million
  vehicles (+ 14.7 percent); further increase in market share
  
- The Volkswagen Group continues its strategic growth trajectory by
  acquiring Porsche Holding Salzburg and increasing its stake in MAN SE
  
- At EUR 17.0 billion (EUR 18.6 billion), net liquidity in the Automotive
  Division remains at a high level even after the equity investments
  (approx. EUR 7 billion)
  

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January-December                                  2011      2010  +/- (%)

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Volkswagen Group (IFRSs):
  
Deliveries to customers           ´000 units     8,265     7,203   + 14.7
Vehicle sales                     ´000 units     8,361     7,278   + 14.9
Production                        ´000 units     8,494     7,358   + 15.5
Employees                            Dec. 31   501,956   399,381   + 25.7
  
  
Sales revenue                    EUR million   159,337   126,875   + 25.6
  
Operating profit                 EUR million    11,271     7,141   + 57.8
Profit before tax                EUR million    18,926     8,994        x
Profit after tax                 EUR million    15,799     7,226        x
  
Noncontrolling interests         EUR million       391       392   -  0.3
Profit attributable to
  shareholders of Volkswagen AG  EUR million    15,409     6,835        x
  
Earnings per share (basic)
- Ordinary shares                        EUR     33.10     15.17        x
- Preferred shares                       EUR     33.16     15.23        x
  
  
Automotive Division (including allocation of consolidation adjustments
between the Automotive and Financial Services divisions):
  
Cash flows from operating
  activities                        EUR million  17,109   13,930   + 22.8
Cash flows from investing
  activities attributable to
  operating activities*)            EUR million  15,998    9,095   + 75.9
- of which investments in property,
plant and equipment                 EUR million   7,929    5,656   + 40.2
Net liquidity at December 31        EUR million  16,951   18,639   -  9.1

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Volkswagen AG (German Commercial Code):
  
Net income                      EUR million      3,418   1,550          x
  
Dividend proposal:
Dividend - per ordinary share           EUR       3.00    2.20
         - per preferred share          EUR       3.06    2.26

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*) Excluding acquisition and disposal of equity investments:
EUR 9,371 million (previous year: EUR 7,034 million).

The annual financial statements have yet to be adopted by the
Supervisory Board.
  
The Annual Media Conference and Investor Conference will take place
on March 12, 2012 in Wolfsburg.
  
Wolfsburg, February 24, 2012
  
Volkswagen AG - The Board of Management
  

24.02.2012 DGAP´s Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      VOLKSWAGEN AG
              Brieffach 1849
              38436 Wolfsburg
              Germany
Phone:        [phone] - 49840
Fax:          [phone] - 30411
E-mail:       [e-mail]
Internet:     www.volkswagenag.com/ir
ISIN:         DE0007664039, DE0007664005
WKN:          766403, 766400
Indices:      DAX, Euro Stoxx 50
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), Hamburg, Hannover, München, Stuttgart; Terminbörse
              EUREX; London, Luxembourg, SIX

End of Announcement                             DGAP News-Service

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