• Volkswagen (VOW3) plans to get strong results in 2017

Market news

14 March 2017

Volkswagen (VOW3) plans to get strong results in 2017

Volkswagen's investors gathered in Wolfsburg, Germany, for an annual meeting with the automaker.

During the meeting, Matthias Mueller, the general director of the auto concern, said he sees a good chance of maintaining the positive dynamics recorded last year, when the company managed to get a record base profit, which was promoted by sales of prestigious cars Audi and Porsche.

The company expects that the group's revenue in 2017 will exceed last year's figure of 217 billion euros by as much as 4%, and sales will amount to more than 10.3 million cars.

Vow3 shares are trading at 143.25 euros (-0.62%).

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