logo
  

Volkswagen Group Sees H1 Operating Profit Of About EUR 11 Bln - Quick Facts

Volkswagen Group expects operating profit of about 11 billion euros, and automotive net cash flow of about 10 billion euros for the first half 2021.

The company noted that deliveries to customers continued to recover strongly in the first half of the current year, leading to a very strong Group turnover as well as a very high operating profit. The bottleneck in semiconductors has shifted and will rather impact the company in the second-half of year.

The company will publish its financial results for the first half 2021 on July 29, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Meta Platforms Inc., the parent of Facebook, Instagram, and WhatsApp, said it is launching more options on WhatsApp to control their messages and how long they stick around, with default disappearing messages and multiple durations. The latest features are expected to bring more control and privacy on the popular messaging app. Delivery services company DoorDash has introduced ultra-fast grocery deliveries with DashMart in Chelsea, New York City. The company said it aims to deliver in 10-15 minutes and plans to expand its new service in select DoorDash grocery and convenience partners over the next year. With over 2,000 items, DashMart offers a wide assortment of fresh and frozen grocery staples, snacks, household goods, and local products. Ontario, Canada-based Erie Meat Products Ltd. is recalling approximately 1,224 pounds of fully cooked chicken bologna products, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The chicken bologna products were imported and distributed into the United States without the benefit of FSIS import reinspection.
Follow RTT