Volkswagen Group Key Volume Figures

Post on 26-Mar-2022

4 Views

Category:

Documents

0 Downloads

Preview:

Click to see full reader

Transcript

Volkswagen Group Key Volume Figures

1

2019 2020 absolute

Production 000 vehicles 2849 2793 - 56 - 20- excl Chinese joint ventures 1643 1716 + 72 + 44

Sales 2973 2846 - 127 - 43- excl Chinese joint ventures 1740 1731 - 9 - 05

Deliveries to customers 2970 2801 - 170 - 57- excl market China 1692 1612 - 80 - 47

Inventories 2171 1773 - 398 - 183- excl market China 1457 1165 - 292 - 200

Employees 000 6712 6626 - 86 - 13- excl Chinese joint ventures 5899 5845 - 54 - 09

1) Updated to reflect subsequent statistical trends 1)2) At Dec 31 2019 2) 12)

Q4 Change y-o-y

2)

2)

1)

1)

12)

12)

Volkswagen Group Key Volume Figures

2

Q3 Q4 absolute

Production 000 vehicles 2445 2793 + 348 + 142- excl Chinese joint ventures 1422 1716 + 293 + 206

Sales 2575 2846 + 272 + 105- excl Chinese joint ventures 1534 1731 + 196 + 128

Deliveries to customers 2612 2801 + 189 + 72- excl market China 1542 1612 + 69 + 45

Inventories 1779 1773 - 6 - 03- excl market China 1116 1165 + 48 + 43

Employees 000 6642 6626 - 16 - 02- excl Chinese joint ventures 5849 5845 - 04 - 01

1) At Sept 30 2020 1)

2020 Change y-o-y

1)

1)

1)

1)

Volkswagen Group Key Volume Figures

3

2019 2020 absolute

Production 000 vehicles 2849 2793 - 56 - 20- thereof Chinese joint ventures 1205 1077 - 128 - 106

Sales 2973 2846 - 127 - 43- thereof Chinese joint ventures 1233 1115 - 118 - 96

Deliveries to customers 2970 2801 - 170 - 57- thereof market China 1279 1189 - 90 - 70

Inventories 2171 1773 - 398 - 183- thereof market China 714 609 - 106 - 148

Employees 000 6712 6626 - 86 - 13- thereof Chinese joint ventures 813 781 - 32 - 40

1) Updated to reflect subsequent statistical trends 1)2) At Dec 31 2019 2) 12)

Q4 Change y-o-y

2)

2)

1)

1)

12)

12)

Volkswagen Group Key Volume Figures

4

2019 2020 absolute

Production 000 vehicles 2553 2445 - 108 - 42- thereof Chinese joint ventures 979 1023 + 44 + 45

Sales 2645 2575 - 70 - 26- thereof Chinese joint ventures 1026 1040 + 14 + 14

Deliveries to customers 2640 2612 - 28 - 11- thereof market China 1039 1069 + 31 + 30

Inventories 2279 1779 - 500 - 219- thereof market China 741 663 - 78 - 105

Employees 000 6718 6642 - 76 - 11- thereof Chinese joint ventures 817 793 - 24 - 30

1) Updated to reflect subsequent statistical trends 1)2) At Sept 30 2019 2) 12)

Q3 Change y-o-y

2)

2)

1)

1)

12)

12)

Volkswagen Group Key Financial Figures

5

Q4 Q4

euro million 2019 2020 absolute

Sales revenue 66015 67398 1383 21

Operating profit 3421 7982 4561 x

as of sales revenue 52 118 67 sup1

Financial result 297 1431 1133 x

Profit before tax 3718 9413 5695 x

as of sales revenue 56 140 83 sup1

Income tax expense -843 -2320 (1477) x

Tax rate in 227 246 (20) sup1

Profit after tax 2876 7093 4217 x

sup1 Percentage points

b(w) prior year

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

VS 05

2019 euro-1080 million 2020 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

2019 euro-296 million 2020 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

2019 euro-1376 million 2020 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorjahresq SE

VS 25

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorjahresquart

VS 25

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

Volkswagen Group Key Financial Figures

6

Q4 Q4

euro million 2019 2020 absolute

Sales revenue 66015 67398 1383 21

Operating profit before special items 4501 8227 3726 828

as of sales revenue 68 122 54 sup1

Special items -1080 -245 835 773

Operating profit 3421 7982 4561 x

as of sales revenue 52 118 67 sup1

Financial result 297 1431 1133 x

Profit before tax before special items 4798 9658 4860 x

as of sales revenue 73 143 71 sup1

Profit before tax 3718 9413 5695 x

sup1 Percentage points

b(w) prior year

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

VS 05

2019 euro-1080 million 2020 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

2019 euro-296 million 2020 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

2019 euro-1376 million 2020 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorjahresq SE

VS 25

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorjahresquart

VS 25

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

Volkswagen Group Income Statement

7

Q4 Q4 b(w) py

euro million 2019 2020

Sales revenue 66015 1000 67398 1000 21

Cost of sales -53254 -807 -51780 -768 28

Gross profit 12761 193 15617 232 224

Distribution expenses -5885 -89 -5547 -82 57

Administrative expenses -2931 -44 -2185 -32 255

Other operating incomeexpenses -524 -08 97 01 x

Operating profit 3421 52 7982 118 x

Share of profloss of equ-acc invest 754 11 738 11 (21)

Interest resultOther fin result -456 -07 693 10 x

Financial result 297 05 1431 21 x

Profit before tax 3718 56 9413 140 x

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

VS 05

2019 euro-1080 million 2020 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

2019 euro-296 million 2020 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

2019 euro-1376 million 2020 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorjahresq SE

VS 25

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorjahresquart

VS 25

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

Volkswagen Group Income Statement

8

Q3 Q4 b(w) pq

euro million 2020 2020

Sales revenue 59355 1000 67398 1000 135

Cost of sales -48928 -824 -51780 -768 (58)

Gross profit 10427 176 15617 232 498

Distribution expenses -4508 -76 -5547 -82 (231)

Administrative expenses -2354 -40 -2185 -32 72

Other operating incomeexpenses -382 -06 97 01 x

Operating profit 3183 54 7982 118 x

Share of profloss of equ-acc invest 855 14 738 11 (137)

Interest resultOther fin result -432 -07 693 10 x

Financial result 423 07 1431 21 x

Profit before tax 3606 61 9413 140 x

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

Q4 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

Q4 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

Q4 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorquartal SE

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorquartal

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

Volkswagen Group Income Statement

9

Q1 Q2 b(w) py

euro million 2020 2020

Sales revenue 55054 1000 41076 1000 (254)

Cost of sales -45824 -832 -37404 -911 184

Gross profit 9231 168 3672 89 (602)

Distribution expenses -4472 -81 -3880 -94 132

Administrative expenses -2445 -44 -2415 -59 12

Other operating incomeexpenses -1409 -26 229 06 x

Operating profit 904 16 -2394 -58 x

Share of profloss of equ-acc invest 129 02 1035 25 x

Interest resultOther fin result -351 -06 -675 -16 (923)

Financial result -222 -04 360 09 x

Profit before tax 682 12 -2034 -50 x

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

Q2 euro-687 million

05 GuV SE2

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

Q2 euro46 million

09 Kosten der Umsatzerloumlse SE2

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

Q2 euro-641 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 20

VS 20

VS 20

VS 20

VS 20

VS 21

VS 20

VS 21

22 Working Capital Automobile

VS 20

VS 20

VS 20

VS 20

VS 20

VS 22

VS 20

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorquartal SE

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

VS 03

VS 03

VS 03

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorquartal

VS 25

VS 25

VS 25

VS 25

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3emf

image4png

Volkswagen Group Income Statement

10

b(w) py

euro million 2019 2020

Sales revenue 252632 1000 222884 1000 (118)

Cost of sales -203490 -805 -183937 -825 96

Gross profit 49142 195 38947 175 (207)

Distribution expenses -20978 -83 -18407 -83 123

Administrative expenses -9767 -39 -9399 -42 38

Other operating incomeexpenses -1437 -06 -1466 -07 (20)

Operating profit 16960 67 9675 43 (430)

Share of profloss of equ-acc invest 3349 13 2756 12 (177)

Interest resultOther fin result -1953 -08 -765 -03 608

Financial result 1396 06 1991 09 426

Profit before tax 18356 73 11667 52 (364)

January - December

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

VS 03

04 Wesent Finanzzahlen VW per

VS 04

VS 04

VS 04

VS 04

VS 04

05 GuV SE

VS 05

VS 05

VS 05

VS 05

2019 euro-2336 million 2020 euro-931 million

05 GuV SE2

VS 05

VS 05

VS 05

VS 05

06 GuV per

VS 06

VS 06

VS 06

VS 06

VS 06

07 GuV KB

VS 07

VS 07

VS 07

VS 07

VS 07

08 GuV KB 1

VS 08

VS 08

VS 08

VS 08

VS 08

09 Kosten der Umsatzerloumlse SE

VS 09

VS 09

VS 09

VS 09

2019 euro-296 million 2020 euro-71 million

09 Kosten der Umsatzerloumlse SE2

VS 09

VS 09

VS 09

VS 09

10 Vertriebskosten

VS 10

VS 10

VS 10

VS 10

VS 10

11 Verwaltungskosten

VS 11

VS 11

VS 11

VS 11

VS 11

12 Sonstiges betr Ergebni SE

VS 12

VS 12

VS 12

VS 12

2019 euro-2632 million 2020 euro-1002 million

12 Sonstiges betr Ergebni SE2

VS 12

VS 12

VS 12

VS 12

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

VS 14

VS 14

VS 14

VS 14

VS 14

15 Bilanz VW

VS 15

VS 15

VS 15

VS 15

VS 15

16 Aktiva KB

VS 16

VS 16

VS 16

VS 16

VS 16

17 Passiva KB

VS 17

VS 17

VS 17

VS 17

VS 17

18 Aktiva KB 1

VS 18

VS 18

VS 18

VS 18

VS 18

19 Passiva KB 1

VS 19

VS 19

VS 19

VS 19

VS 19

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

VS 22

23 Vorraumlte

VS 23

VS 23

VS 23

VS 23

VS 23

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse SE

VS 25

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

27 Erg aus at Equity bew Ant

VS 27

VS 27

VS 27

VS 27

VS 27

28 Dividendenbeschluumlsse GU

VS 28

VS 28

VS 28

VS 28

VS 28

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

VS 09

VS 09

VS 09

VS 09

VS 09

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse

VS 25

VS 25

VS 25

VS 25

VS 25

12 Sonstiges betr Ergebnis

VS 12

VS 12

VS 12

VS 12

VS 12

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

image1wmf

image2emf

image3emf

Key Figures by Brand and Business Field (Q4)

11

acute000 vehicleseuro million Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q42019 2020 2019 2020 2019 2020 2019 2020

VW Passenger Cars 924 939 22960 23892 10133 10874 -496 1218Audi 300 335 14348 16710 7906 9243 1271 2456Skoda 257 253 4995 5043 2402 1912 485 288SEAT 151 165 2667 3155 1427 1696 197 -49Bentley 4 4 786 652 539 366 0 72Porsche Vehicles 72 84 7395 8604 6321 7219 1010 2137VW Com Vehicles 111 95 2717 2684 1062 1196 13 -92Scania Vehicles and Services 25 25 3507 3428 3392 3301 297 329MAN Commercial Vehicles 38 38 3488 3377 3304 3154 105 -171Power Engineering - - 1124 891 1123 890 68 -335VW Chinasup1 1233 1115Other -142 -207 -7983 -11079 19339 18412 -455 sup2 958 sup2VW Financial Service 10011 10043 9066 9134 925 1171Volkswagen Group 2973 2846 66015 67398 66015 67398 3421 7982thereofAutomotive Division 2973 2846 55442 56806 56499 57802 2435 6759of which Passenger Cars 2910 2783 47365 49179 48677 50455 2084 7039

Commercial Vehicles 63 63 6953 6736 6698 6456 345 101 Power Engineering - - 1124 891 1123 890 5 -381

FS Division 10573 10592 9516 9596 986 1223

sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) millionsup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche

Vehicle Sales Sales Revenue Sales to Operating ResultThird Parties

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

VS 05

2019 euro-1080 million 2020 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

2019 euro-296 million 2020 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

2019 euro-1376 million 2020 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorjahresq SE

VS 25

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorjahresquart

VS 25

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

Key Figures by Market

12

acute000 vehicleseuro million

Q4 2019 2020 2019 2020

EuropeRem markets 1226 1203 (19) 40074 39661 (10)

North America 219 239 93 10474 10965 47

South America 162 149 (78) 2865 2753 (39)

AsiaPacific 1367 1255 (82) 12664 13908 98

Total 2973 2846 (43) 66075 67287 18

Hedges sales revenue - - x -60 111 x

Volkswagen Group 2973 2846 (43) 66015 67398 21

Vehicle Sales Sales Revenue

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

VS 05

2019 euro-1080 million 2020 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

2019 euro-296 million 2020 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

2019 euro-1376 million 2020 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorjahresq SE

VS 25

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorjahresquart

VS 25

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

Automotive Division Key Financial Figures

13

Q4 Q4

euro million 2019 2020 absolute in

Gross cash flow 6774 10635 3861 570 + Change in working capital 3039 914 (2125) (699)= Cash flows from operating activities 9812 11549 1737 177

Cash flows from investing activities -7590 -6610 979 129 thereof

Invest in property plant and equipment -5821 -4643 1178 202 ndash as of sales revenue 105 82 23 Add to capitalized development costs -1504 -1991 (488) (324)Acquisition and disposal of equity invest -121 -92 29 239

Net cash flow 2223 4939 2716 x

Capital contributions FS divisions 11 -23 (34) x

Acquisitions of shares of minorities 0 -237 (237) x

Net liquidity 12-31-201912-31-2020 21276 26796 5520 259 sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions

b(w) prior year

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

VS 05

2019 euro-1080 million 2020 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

2019 euro-296 million 2020 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

2019 euro-1376 million 2020 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorjahresq SE

VS 25

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorjahresquart

VS 25

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

Automotive Division Key Financial Figures

14

Q3 Q4

euro million 2020 2020 absolute in

Gross cash flow 6182 10635 4453 720 + Change in working capital 3981 914 (3066) (770)= Cash flows from operating activities 10162 11549 1387 136

Cash flows from investing activities -3938 -6610 (2672) (679)thereof

Invest in property plant and equipment -2292 -4643 (2350) xndash as of sales revenue 47 82 (34)Add to capitalized development costs -1531 -1991 (460) (300)Acquisition and disposal of equity invest -184 -92 92 500

Net cash flow 6224 4939 (1285) (206)

Capital contributions FS divisions - -23 (23) x

Acquisitions of shares of minorities - -237 (237) x

Net liquidity 09-30-202012-31-2020 24848 26796 1949 78 Net liquidity 12-31-201912-31-2020 21276 26796 5520 259 sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions

b(w) prior quarter

01 Deckblatt

VS 01

VS 01

VS 01

VS 01

02 Inhaltsverzeichnis

VS 02

VS 02

VS 02

VS 02

03 Wesent Finanzzahlen VW SE

VS 03

VS 03

VS 03

03 Wesent Finanzzahlen VW SE2

VS 03

VS 03

VS 03

05 GuV SE

VS 05

VS 05

VS 05

Q4 euro-245 million

05 GuV SE2

VS 05

VS 05

VS 05

09 Kosten der Umsatzerloumlse SE

Q4 euro-117 million

09 Kosten der Umsatzerloumlse SE2

10 Vertriebskosten

11 Verwaltungskosten

12 Sonstiges betr Ergebni SE

Q4 euro-362 million

12 Sonstiges betr Ergebni SE2

13 Finanzergebnis lang

VS 13

VS 13

VS 13

VS 13

14 At Equity Ergebnis

20 Cash-Flow Automobile

VS 20

VS 20

VS 20

21 Cash-Flow Pkw

VS 21

VS 21

VS 21

22 Working Capital Automobile

VS 22

VS 22

VS 22

VS 22

24 F amp E Kosten

VS 24

VS 24

VS 24

VS 24

25 Umsatzerloumlse Vorquartal SE

VS 25

VS 25

VS 25

26 Umsatzerloumlse nach Maumlrkten

VS 26

VS 26

VS 26

VS 26

29 Finanzergebnis

VS 29

VS 29

VS 29

VS 29

Bilanz_GuV_Akt

03 Wesent Finanzzahlen VW

VS 03

VS 03

VS 03

VS 03

05 GuV

VS 05

VS 05

VS 05

VS 05

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

09 Kosten der Umsatzerloumlse

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

12 Sonstiges betr Ergebnis

2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

25 Umsatzerloumlse Vorquartal

VS 25

VS 25

VS 25

VS 25

image1wmf

image2emf

image3png

  • Volkswagen Group Key Volume Figures
  • Volkswagen Group Key Volume Figures
  • Volkswagen Group Key Volume Figures
  • Volkswagen Group Key Volume Figures
  • Volkswagen Group Key Financial Figures
  • Volkswagen Group Key Financial Figures
  • Volkswagen Group Income Statement
  • Volkswagen Group Income Statement
  • Volkswagen Group Income Statement
  • Volkswagen Group Income Statement
  • Key Figures by Brand and Business Field (Q4)
  • Key Figures by Market
  • Automotive Division Key Financial Figures
  • Automotive Division Key Financial Figures
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
    2020202020202020202020202020202020202020
    VW Passenger Cars762939186042389288181087452212185221218
    Audi26633512788167107382924386424568642456
    Skoda2242534493504318261912240288240288
    SEAT1221652294315513711696-20-49-20-49
    Bentley3453765232236647724772
    Porsche Vehicles6684629086045614721974021377402137
    VW Com Vehicles93952436268411511196-27-92-27-92
    Scania Vehicles and Services18252825342827093301198329198329
    MAN Commercial Vehicles33382792337725923154-38-171-38-171
    Power Engineering--89989189989045-33545-335
    Porsche Hold Salzburg1371455876622652665637248135248135
    VW Chinasup110401115
    Other-51-207-5132-110791696318412136sup2958sup2136sup3958sup3
    VW Financial Service10531100439708913447711714771171
    Volkswagen Group before special items3183798231837982
    Special items----
    Volkswagen Group25752846593556739859355673983183798231837982
    thereof
    Automotive Division25752846482855680649198578022642675926426759
    of which Passenger Cars25242783418214917942997504552535703925357039
    Commercial Vehicles50635565673653026456115101115101
    Power Engineering Business Area--899891899890-8-381-8-381
    FS Division110701059210158959654112235411223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million20202020absolute20202020absolute
    Total other operating incomeexpenses-38297479x--382-97479x
    thereof
    Foreign currency influences-18319202x--183-19202x
    Other hedging178455277x-178-455277x
    Futures Commodities---x-----x
    Reversal of provisions114495382x-114-495382x
    Rental income3636010-36-36010
    Net income from disposalswrite-ups115241x-11-5241x
    Income from cost allocations18225977424-182-25977424
    Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
    Other incomeexpenses-443-863(421)(950)--443--863(421)(950)
    thereof litigation expenses-159-663(504)x--159--663(504)x
    thereof gain of contribution AID to Argo-113113x---113113x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020in UE2020in UEabsolutein20202020absolute
    Total cost of sales4892849951780495(2852)(58)-48928-51780(2852)(58)
    thereof
    Direct material and cost of goods purchased2642026930529292(4109)(156)-26420-30529(4109)(156)
    Warranty costs124813165216(404)(324)-1248-1652(404)(324)
    Personnel expenses686870749772(628)(91)-6868-7497(628)(91)
    Deferral of fixed costs24703-1376(13)1622x-247--13761622x
    Material overhead expenses372738579255(2065)(554)-3727-5792(2065)(554)
    Investment overhead expenses406741449343(426)(105)-4067-4493(426)(105)
    thereofDepreciation390640423340(328)(84)-3906-4233(328)(84)
    Capitalized own research development costs-1516(15)-1912(18)396261--1516--1912396261
    Cost of sales from Financial Services89389185188142047-8938-851842047
    thereofResidual values vehicles operate lease490450440442501102-4904-4404501102
    thereofInterest expenses FS business5310554105(9)(18)-531-541(9)(18)
    thereofDepreciations on rental asset241125251724(106)(44)-2411-2517(106)(44)
    Services Accounting-745(08)-2385(23)1641x--745--23851641x
    Other-326(03)-1027(10)701x--326--1027701x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q3Q4b(w) pqQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020202020202020
    Sales revenue593551000673981000135593551000673981000135
    Cost of sales-48928-824-51780-768(58)--48928sup2-824--51780-768(58)
    Gross profit10427176156172324981042717615617232498
    Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
    Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
    Other operating incomeexpenses-382-069701x--382-06-9701x
    Operating profit3183547982118x3183547982118x
    Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
    Interest resultOther fin result-432-0769310x--432-07-69310x
    Financial result42307143121x-42307-143121x
    Profit before tax3606619413140x3606619413140x
    Income tax expense-856-14-2320-34x
    Profit after tax2751467093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Sales revenue59355673988042135
    Operating profit before special items318379824799x
    as of sales revenue5411865sup1
    Special itemssup2---x
    Operating profit318379824799x
    as of sales revenue5411865sup1
    Financial result42314311008x
    Profit before tax before special items360694135807x
    as of sales revenue6114079sup1
    Profit before tax360694135807x
    as of sales revenue6114079sup1
    Income tax expense-856-2320(1464)x
    Tax rate in237246(09)sup1
    Profit after tax275170934343x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total financial result42314311008x
    thereof
    Share of prof amp loss of equity-acc invest855738(117)(137)
    Interest result-407-520(113)(278)
    Other financial result-2512131238x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42020202020202020
    EuropeRem markets10821203112361873966196
    North America205239166991510965106
    South America1391497121752753266
    AsiaPacific11481255931111313908251
    Total257528461055939067287133
    Hedges sales revenue--x-35111x
    Volkswagen Group257528461055935567398135
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
    2020202020202020202020202020202020202020
    VW Passenger Cars762939186042389288181087452214235221218
    Audi26633512788167107382924386425188642456
    Skoda2242534493504318261912240288240288
    SEAT1221652294315513711696-20-49-20-49
    Bentley3453765232236647724772
    Porsche Vehicles6684629086045614721974021377402137
    VW Com Vehicles93952436268411511196-27-92-27-92
    Scania Vehicles and Services18252825342827093301198329198329
    MAN Commercial Vehicles33382792337725923154-38-171-38-171
    Power Engineering--89989189989045-33545-335
    Porsche Hold Salzburg1371455876622652665637248135248135
    VW Chinasup110401115
    Other-51-207-5132-110791696318412136sup2935sup2136sup3958sup3
    VW Financial Service10531100439708913447711714771171
    Volkswagen Group before special items3183822731837982
    Special items--245--
    Volkswagen Group25752846593556739859355673983183798231837982
    thereof
    Automotive Division25752846482855680649198578022642675926426759
    of which Passenger Cars25242783418214917942997504552535703925357039
    Commercial Vehicles50635565673653026456115101115101
    Power Engineering Business Area--899891899890-8-381-8-381
    FS Division110701059210158959654112235411223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1227) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q3Q4b(w) prior quarter
    euro million020202020absolute
    Total research and development
    costs34963693(197)(56)
    - as of sales revenuesup1726507sup2
    Capitalized development costs15311991460300
    as of total expense438539101sup2
    +Amortization of capitalized
    development costs11391281(142)(124)
    =Research and development costs
    recognized in the income statement3104298312139
    - as of sales revenuesup1645312sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total3981914(3066)(770)
    Change in inventories1379272(1108)(803)
    Change in receivables-93018282758x
    Change in liabilities2907-2338(5245)x
    Change in other provisions7151195480671
    Change in leasing and rental assets
    (excluding depreciation)23-135(159)x
    Change in financial
    services receivables-11592207x
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    gepruumlft am 03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Gross cash flow5454102164762873
    +Change in working capital4199-344(4542)x
    =Cash flows from operating activities9652987222023
    Cash flows from investing activities-3684-5944(2259)(613)
    thereof
    Invest in property plant and equipment-2096-4224(2128)x
    ndash as of sales revenue5086(36)
    Add to capitalized development costs-1483-1885(402)(271)
    Acquisition and disposal of equity invest-16864231x
    Net cash flow59683929(2040)(342)
    Capital contributions FS divisions CV PE--23(23)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 09-30-202012-31-20202560826847123948
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Gross cash flow6182106354453720
    +Change in working capital3981914(3066)(770)
    =Cash flows from operating activities10162115491387136
    Cash flows from investing activities-3938-6610(2672)(679)
    thereof
    Invest in property plant and equipment-2292-4643(2350)x
    ndash as of sales revenue4782(34)
    Add to capitalized development costs-1531-1991(460)(300)
    Acquisition and disposal of equity invest-184-9292500
    Net cash flow62244939(1285)(206)
    Capital contributions FS divisions--23(23)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 09-30-202012-31-20202484826796194978
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total855738(117)(137)
    thereof
    SAIC-Volkswagen Groupsup1385197(188)(489)
    FAW-Volkswagen456441(15)(34)
    Other Chinese Companiessup297232135x
    Sinotruk (Hong Kong) Ltd863(83)(962)
    There Holding-7-16878
    Rheinmetall M V143x
    Mobility Trader Holding Ltd-127-3790706
    Argo-34-44(10)(281)
    Navistar-10-34(24)x
    Northvoltsup3-15-21(6)(408)
    Elimination of unrealized profit38-57(95)x
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total financial result42314311008x
    Share of prof amp loss of equity-acc invest855738(117)(137)
    Interest result-407-520(113)(278)
    Interest income200157(43)(217)
    Interest expenses-607-677(70)(115)
    Interest result on other liabilitiessup2-285-203(82)(288)
    Result on interest derivativessup228-1543x
    Other financial result-2512131238x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities20-63(83)x
    Net income from equity investments-72-286(214)x
    Net income from securities and fundssup14213997x
    Currency Other derivatives-4313181361x
    thereof Valuation-1589231081x
    thereof Realization115395280x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q3Q4b(w) prior quarterQ3Q4b(w) pq
    Specialitems PYSpecialitems
    euro million20202020absolute20202020absolute
    Total other operating incomeexpenses-38297479x--382-362458841x
    thereof
    Foreign currency influences-18319202x--183-19202x
    Other hedging178455277x-178-455277x
    Futures Commodities---x-----x
    Reversal of provisions114495382x-114-7502389x
    Rental income3636010-36-36010
    Net income from disposalswrite-ups115241x-11-5241x
    Income from cost allocations18225977424-182-25977424
    Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
    Other incomeexpenses-443-863(421)(950)--443-355-509(66)(149)
    thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
    thereof Other expenses-Labour costs from restructuring-22-316(294)x
    thereof gain of contribution AID to Argo-113113x-----x
    Volkswagen Group other operating IncomeExpenses
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million20202020absolute20202020absolute
    Total other operating incomeexpenses-38297479x--382-362458841x
    thereof
    Foreign currency influences-18319202x--183-19202x
    Other hedging178455277x-178-455277x
    Futures Commodities---x-----x
    Reversal of provisions1114495382x-114-7502389x
    Rental income3636010-36-36010
    Net income from disposalswrite-ups115241x-11-5241x
    Income from cost allocations18225977424-182-25977424
    Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
    Other incomeexpenses2-443-863(421)(950)--443-355-509(66)(149)
    thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
    thereof Other expenses-Labour costs from restructuring-22-316(294)x
    thereof gain of contribution AID to Argo---x---113113x
    sup1 Incl special items from diesel issue Q4 euro-7 million
    sup2 Incl special items from diesel issue Q4 euro-355 million
    Volkswagen Group Administrative Expenses
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Total administrative expenses2354218516972
    thereof
    Personnel costs13831413(30)(21)
    Material overhead expenses10071253(246)(245)
    Other administrative expenses-36-481445x
    thereof DepreciationInvest overh exp183221(38)(209)
    Volkswagen Group Distribution Expenses
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total distribution expenses45085547(1039)(231)
    thereof
    Personnel costs12901351(62)(48)
    Sales Expenses12291861(632)(514)
    thereofIncentives16014218111
    Advertising and sales promotion9971701sup2(704)(707)
    Material overhead expenses7451182(437)(587)
    Other distribution costs12441153sup39274
    thereofDeferral of fixed costs in sales orga78-329407x
    DepreciationInvest overhead expenses196290(94)(478)
    Other direct costs of sale354358(4)(10)
    Freight-out packaging-shipping costs456603(148)(324)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q3Q4b(w) prior quarterQ3Q4b(w) pq
    Specialitems PYSpecialitems
    euro million2020in UE2020in UEabsolutein20202020absolute
    Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
    thereof
    Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
    Warranty costs1248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
    Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
    Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
    Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
    Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
    thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
    Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
    Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
    thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
    thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
    thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
    Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
    Other-332x 09 Kosten der Umsatzerloumlse-1033x701x--326-90-943616x
    Volkswagen Group Cost of Sales
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020in UE2020in UEabsolutein20202020absolute
    Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
    thereof
    Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
    Warranty costs11248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
    Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
    Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
    Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
    Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
    thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
    Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
    Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
    thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
    thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
    thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
    Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
    Other2-326x 09 Kosten der Umsatzerloumlse-1027x701x--332-90-943611x
    sup1 Incl special items from diesel issue Q4 euro-27 million
    sup2 Incl special items from diesel issue Q4 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q3Q4b(w) pqQ3Q4b(w) pq
    Specialitems PYSpecialitems
    euro million2020202020202020
    Sales revenue593551000673981000135593551000673981000135
    Cost of sales-48928-824-51780-768(58)--48928-824117-51897-770(61)
    Gross profit10427176156172324981042717615500230487
    Distribution expenses-4508-76-5547-82(231)--4508-76--5547-82(231)
    Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
    Other operating incomeexpenses-382-069701x--382-06-36245807x
    Operating profit3183547982118x3183548227122x
    Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
    Interest resultOther fin result-432-0769310x--432-07-69310x
    Financial result42307143121x-42307-143121x
    Profit before tax3606619413140x3606619658143x
    Income tax expense-856-14-2320-34x
    Profit after tax2751467093105x
    Volkswagen Group Income Statement
    Q3Q4b(w) pqQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020202020202020
    Sales revenue593551000673981000135593551000673981000135
    Cost of sales1-48928-824-51780-768(58)--48928sup2-824117-51897-770(61)
    Gross profit10427176156172324981042717615500230487
    Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
    Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
    Other operating incomeexpenses2-382-069701x--382-06-36245807x
    Operating profit3183547982118x3183548227122x
    Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
    Interest resultOther fin result-432-0769310x--432-07-69310x
    Financial result42307143121x-42307-143121x
    Profit before tax3606619413140x3606619658143x
    Income tax expense-856-14-2320-34x
    Profit after tax2751467093105x
    sup1 Incl special items from diesel issue Q4 euro117 million
    sup2 Incl special items from diesel issue Q4 euro-362 million
    Volkswagen Group Key Financial Figures
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Sales revenue59355673988042135
    Operating profit before special items318382275044x
    as of sales revenue5412268sup1
    Special itemssup2--245(245)x
    Operating profit2318379824799x
    as of sales revenue5411865sup1
    Financial result42314311008x
    Profit before tax before special items360696586051x
    as of sales revenue6114383sup1
    Profit before tax360694135807x
    as of sales revenue6114079sup1
    Income tax expense-856-2320(1464)x
    Tax rate in237246(09)sup1
    Profit after tax275170934343x
    sup1 Percentage points
    sup2 Incl special items from diesel issue Q4 euro-245 million
    Volkswagen Group Key Financial Figures
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Sales revenue59355673988042135
    Operating profit before special items318382275044x
    as of sales revenue5412268sup1
    Special itemssup2--245(245)x
    Operating profit2318379824799x
    as of sales revenue5411865sup1
    Financial result42314311008x
    Profit before tax before special items360696586051x
    as of sales revenue6114383sup1
    Profit before tax360694135807x
    as of sales revenue6114079sup1
    Income tax expense-856-2320(1464)x
    Tax rate in237246(09)sup1
    Profit after tax275170934343x
    sup1 Percentage points
    sup2 Incl special items from diesel issue Q4 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 3 Quartal 2020
    5 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars92493922960238921013310874-4961218-4961218
    Audi3003351434816710790692431271245612712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items34217982
    Sspecial items--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x--524-97621x
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions41249583203-412-49583203
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528--1828--863965528
    thereof litigation expenses-2066-6631403679--2066--6631403679
    thereof gain of contribution AID to Argo2113111x-2-113111x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
    Gross profit12761193156172322241276119315617232224
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x--524-08-9701x
    Operating profit3421527982118x3421527982118x
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x3718569413140x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items342179824561x
    as of sales revenue5211867sup1
    Special itemssup2---x
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items371894135695x
    as of sales revenue5614083sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    thereof
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Other financial result-17812131391x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42019202020192020
    EuropeRem markets12261203(19)4007439661(10)
    North America21923993104741096547
    South America162149(78)28652753(39)
    AsiaPacific13671255(82)126641390898
    Total29732846(43)660756728718
    Hedges sales revenue--x-60111x
    Volkswagen Group29732846(43)660156739821
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars924939229602389210133108746331423-4961218
    Audi3003351434816710790692431271251812712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items4501822734217982
    Sspecial items-1080-245--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q4Q4b(w) prior year
    euro million020192020absolute
    Total research and development
    costs36093693(84)(23)
    - as of sales revenuesup1656500sup2
    Capitalized development costs15041991488324
    as of total expense417539123sup2
    +Amortization of capitalized
    development costs12571281(24)(19)
    =Research and development costs
    recognized in the income statement33632983380113
    - as of sales revenuesup1615308sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total3039914(2125)(699)
    Change in inventories3354272(3082)(919)
    Change in receivables14261828402282
    Change in liabilities-3360-23381023304
    Change in other provisions13501195(155)(115)
    Change in leasing and rental assets
    (excluding depreciation)-29-135(106)x
    Change in financial
    services receivables29992(207)(692)
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow5908102164308729
    +Change in working capital2761-344(3105)x
    =Cash flows from operating activities867098721203139
    Cash flows from investing activities-6951-59441007145
    thereof
    Invest in property plant and equipment-5344-42241120210
    ndash as of sales revenue1138627
    Add to capitalized development costs-1352-1885(533)(394)
    Acquisition and disposal of equity invest-9864162x
    Net cash flow171839292210x
    Capital contributions FS divisions CV PE14-23(37)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow6774106353861570
    +Change in working capital3039914(2125)(699)
    =Cash flows from operating activities9812115491737177
    Cash flows from investing activities-7590-6610979129
    thereof
    Invest in property plant and equipment-5821-46431178202
    ndash as of sales revenue1058223
    Add to capitalized development costs-1504-1991(488)(324)
    Acquisition and disposal of equity invest-121-9229239
    Net cash flow222349392716x
    Capital contributions FS divisions11-23(34)x
    Acquisitions of shares of minorities0-237(237)x
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total754738(16)(21)
    thereof
    SAIC-Volkswagen Groupsup1558197(361)(647)
    FAW-Volkswagen34744193269
    Other Chinese Companiessup289232143x
    Sinotruk (Hong Kong) Ltd-33x
    There Holding-32-132975
    Rheinmetall M V-65469x
    Mobility Trader Holding Ltd--37(37)x
    Argo--44(44)x
    Navistar9-34(43)x
    Northvoltsup3-7-21(14)x
    Elimination of unrealized profit-178-57121679
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Interest income244157(87)(357)
    Interest expenses-522-677(155)(297)
    Interest result on other liabilitiessup2-185-2031897
    Result on interest derivativessup2-8-157856
    Other financial result-17812131391x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities145-63(208)x
    Net income from equity investments-195-286(91)(469)
    Net income from securities and fundssup1-28139167x
    Currency Other derivatives-7713181394x
    thereof Valuation16923907x
    thereof Realization-92395487x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions4124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo2113111x-----x
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions14124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo---x-2-113111x
    sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
    sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
    Volkswagen Group Administrative Expenses
    Q4Q4b(w) prior year
    euro million20192020absolute
    Total administrative expenses29312185746255
    thereof
    Personnel costs16641413251151
    Material overhead expenses17141253460269
    Other administrative expenses-447-4813476
    thereof DepreciationInvest overh exp209221(12)(58)
    Volkswagen Group Distribution Expenses
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total distribution expenses5885554733857
    thereof
    Personnel costs141113516042
    Sales Expenses24541861593242
    thereofIncentives60142(82)x
    Advertising and sales promotion23391701sup2638273
    Material overhead expenses1284118210380
    Other distribution costs7361153sup3(417)(566)
    thereofDeferral of fixed costs in sales orga-394-329(65)(165)
    DepreciationInvest overhead expenses33529045135
    Other direct costs of sale317358(41)(129)
    Freight-out packaging-shipping costs526603(77)(147)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
    sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
    sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q4Q4b(w) pyQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
    2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special items-1080-245835773
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special itemssup2-1080-245835773
    Operating profit2342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 4 Quartal 2019
    5 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars92493922960238921013310874-4961218-4961218
    Audi3003351434816710790692431271245612712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items34217982
    Sspecial items--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x--524-97621x
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions41249583203-412-49583203
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528--1828--863965528
    thereof litigation expenses-2066-6631403679--2066--6631403679
    thereof gain of contribution AID to Argo2113111x-2-113111x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
    Gross profit12761193156172322241276119315617232224
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x--524-08-9701x
    Operating profit3421527982118x3421527982118x
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x3718569413140x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items342179824561x
    as of sales revenue5211867sup1
    Special itemssup2---x
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items371894135695x
    as of sales revenue5614083sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    thereof
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Other financial result-17812131391x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42019202020192020
    EuropeRem markets12261203(19)4007439661(10)
    North America21923993104741096547
    South America162149(78)28652753(39)
    AsiaPacific13671255(82)126641390898
    Total29732846(43)660756728718
    Hedges sales revenue--x-60111x
    Volkswagen Group29732846(43)660156739821
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars924939229602389210133108746331423-4961218
    Audi3003351434816710790692431271251812712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items4501822734217982
    Sspecial items-1080-245--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q4Q4b(w) prior year
    euro million020192020absolute
    Total research and development
    costs36093693(84)(23)
    - as of sales revenuesup1656500sup2
    Capitalized development costs15041991488324
    as of total expense417539123sup2
    +Amortization of capitalized
    development costs12571281(24)(19)
    =Research and development costs
    recognized in the income statement33632983380113
    - as of sales revenuesup1615308sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total3039914(2125)(699)
    Change in inventories3354272(3082)(919)
    Change in receivables14261828402282
    Change in liabilities-3360-23381023304
    Change in other provisions13501195(155)(115)
    Change in leasing and rental assets
    (excluding depreciation)-29-135(106)x
    Change in financial
    services receivables29992(207)(692)
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow5908102164308729
    +Change in working capital2761-344(3105)x
    =Cash flows from operating activities867098721203139
    Cash flows from investing activities-6951-59441007145
    thereof
    Invest in property plant and equipment-5344-42241120210
    ndash as of sales revenue1138627
    Add to capitalized development costs-1352-1885(533)(394)
    Acquisition and disposal of equity invest-9864162x
    Net cash flow171839292210x
    Capital contributions FS divisions CV PE14-23(37)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow6774106353861570
    +Change in working capital3039914(2125)(699)
    =Cash flows from operating activities9812115491737177
    Cash flows from investing activities-7590-6610979129
    thereof
    Invest in property plant and equipment-5821-46431178202
    ndash as of sales revenue1058223
    Add to capitalized development costs-1504-1991(488)(324)
    Acquisition and disposal of equity invest-121-9229239
    Net cash flow222349392716x
    Capital contributions FS divisions11-23(34)x
    Acquisitions of shares of minorities0-237(237)x
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total754738(16)(21)
    thereof
    SAIC-Volkswagen Groupsup1558197(361)(647)
    FAW-Volkswagen34744193269
    Other Chinese Companiessup289232143x
    Sinotruk (Hong Kong) Ltd-33x
    There Holding-32-132975
    Rheinmetall M V-65469x
    Mobility Trader Holding Ltd--37(37)x
    Argo--44(44)x
    Navistar9-34(43)x
    Northvoltsup3-7-21(14)x
    Elimination of unrealized profit-178-57121679
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Interest income244157(87)(357)
    Interest expenses-522-677(155)(297)
    Interest result on other liabilitiessup2-185-2031897
    Result on interest derivativessup2-8-157856
    Other financial result-17812131391x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities145-63(208)x
    Net income from equity investments-195-286(91)(469)
    Net income from securities and fundssup1-28139167x
    Currency Other derivatives-7713181394x
    thereof Valuation16923907x
    thereof Realization-92395487x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions4124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo2113111x-----x
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions14124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo---x-2-113111x
    sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
    sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
    Volkswagen Group Administrative Expenses
    Q4Q4b(w) prior year
    euro million20192020absolute
    Total administrative expenses29312185746255
    thereof
    Personnel costs16641413251151
    Material overhead expenses17141253460269
    Other administrative expenses-447-4813476
    thereof DepreciationInvest overh exp209221(12)(58)
    Volkswagen Group Distribution Expenses
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total distribution expenses5885554733857
    thereof
    Personnel costs141113516042
    Sales Expenses24541861593242
    thereofIncentives60142(82)x
    Advertising and sales promotion23391701sup2638273
    Material overhead expenses1284118210380
    Other distribution costs7361153sup3(417)(566)
    thereofDeferral of fixed costs in sales orga-394-329(65)(165)
    DepreciationInvest overhead expenses33529045135
    Other direct costs of sale317358(41)(129)
    Freight-out packaging-shipping costs526603(77)(147)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
    sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
    sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q4Q4b(w) pyQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
    2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special items-1080-245835773
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special itemssup2-1080-245835773
    Operating profit2342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 4 Quartal 2019
    5 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars92493922960238921013310874-4961218-4961218
    Audi3003351434816710790692431271245612712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items34217982
    Sspecial items--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x--524-97621x
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions41249583203-412-49583203
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528--1828--863965528
    thereof litigation expenses-2066-6631403679--2066--6631403679
    thereof gain of contribution AID to Argo2113111x-2-113111x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
    Gross profit12761193156172322241276119315617232224
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x--524-08-9701x
    Operating profit3421527982118x3421527982118x
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x3718569413140x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items342179824561x
    as of sales revenue5211867sup1
    Special itemssup2---x
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items371894135695x
    as of sales revenue5614083sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    thereof
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Other financial result-17812131391x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42019202020192020
    EuropeRem markets12261203(19)4007439661(10)
    North America21923993104741096547
    South America162149(78)28652753(39)
    AsiaPacific13671255(82)126641390898
    Total29732846(43)660756728718
    Hedges sales revenue--x-60111x
    Volkswagen Group29732846(43)660156739821
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars924939229602389210133108746331423-4961218
    Audi3003351434816710790692431271251812712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items4501822734217982
    Sspecial items-1080-245--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q4Q4b(w) prior year
    euro million020192020absolute
    Total research and development
    costs36093693(84)(23)
    - as of sales revenuesup1656500sup2
    Capitalized development costs15041991488324
    as of total expense417539123sup2
    +Amortization of capitalized
    development costs12571281(24)(19)
    =Research and development costs
    recognized in the income statement33632983380113
    - as of sales revenuesup1615308sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total3039914(2125)(699)
    Change in inventories3354272(3082)(919)
    Change in receivables14261828402282
    Change in liabilities-3360-23381023304
    Change in other provisions13501195(155)(115)
    Change in leasing and rental assets
    (excluding depreciation)-29-135(106)x
    Change in financial
    services receivables29992(207)(692)
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow5908102164308729
    +Change in working capital2761-344(3105)x
    =Cash flows from operating activities867098721203139
    Cash flows from investing activities-6951-59441007145
    thereof
    Invest in property plant and equipment-5344-42241120210
    ndash as of sales revenue1138627
    Add to capitalized development costs-1352-1885(533)(394)
    Acquisition and disposal of equity invest-9864162x
    Net cash flow171839292210x
    Capital contributions FS divisions CV PE14-23(37)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow6774106353861570
    +Change in working capital3039914(2125)(699)
    =Cash flows from operating activities9812115491737177
    Cash flows from investing activities-7590-6610979129
    thereof
    Invest in property plant and equipment-5821-46431178202
    ndash as of sales revenue1058223
    Add to capitalized development costs-1504-1991(488)(324)
    Acquisition and disposal of equity invest-121-9229239
    Net cash flow222349392716x
    Capital contributions FS divisions11-23(34)x
    Acquisitions of shares of minorities0-237(237)x
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total754738(16)(21)
    thereof
    SAIC-Volkswagen Groupsup1558197(361)(647)
    FAW-Volkswagen34744193269
    Other Chinese Companiessup289232143x
    Sinotruk (Hong Kong) Ltd-33x
    There Holding-32-132975
    Rheinmetall M V-65469x
    Mobility Trader Holding Ltd--37(37)x
    Argo--44(44)x
    Navistar9-34(43)x
    Northvoltsup3-7-21(14)x
    Elimination of unrealized profit-178-57121679
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Interest income244157(87)(357)
    Interest expenses-522-677(155)(297)
    Interest result on other liabilitiessup2-185-2031897
    Result on interest derivativessup2-8-157856
    Other financial result-17812131391x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities145-63(208)x
    Net income from equity investments-195-286(91)(469)
    Net income from securities and fundssup1-28139167x
    Currency Other derivatives-7713181394x
    thereof Valuation16923907x
    thereof Realization-92395487x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions4124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo2113111x-----x
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions14124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo---x-2-113111x
    sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
    sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
    Volkswagen Group Administrative Expenses
    Q4Q4b(w) prior year
    euro million20192020absolute
    Total administrative expenses29312185746255
    thereof
    Personnel costs16641413251151
    Material overhead expenses17141253460269
    Other administrative expenses-447-4813476
    thereof DepreciationInvest overh exp209221(12)(58)
    Volkswagen Group Distribution Expenses
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total distribution expenses5885554733857
    thereof
    Personnel costs141113516042
    Sales Expenses24541861593242
    thereofIncentives60142(82)x
    Advertising and sales promotion23391701sup2638273
    Material overhead expenses1284118210380
    Other distribution costs7361153sup3(417)(566)
    thereofDeferral of fixed costs in sales orga-394-329(65)(165)
    DepreciationInvest overhead expenses33529045135
    Other direct costs of sale317358(41)(129)
    Freight-out packaging-shipping costs526603(77)(147)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
    sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
    sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q4Q4b(w) pyQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
    2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special items-1080-245835773
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special itemssup2-1080-245835773
    Operating profit2342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 4 Quartal 2019
    5 Lauf
    Volkswagen Group other operating IncomeExpenses
    January - Decemberb(w) prior yearJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolut
    Total other operating incomeexpenses-1437-1466(29)(20)--1437--1466(29)(20)
    thereof
    Foreign currency influences23-383(406)x-23--383(406)x
    Other hedging-155-9758373--155--9758373
    Futures Commodities---x-----x
    Reversal of provisions9691086117121-969-1086117121
    Rental income161145(16)(100)-161-145(16)(100)
    Net income from disposalswrite-ups106387(976)(918)-1063-87(976)(918)
    Income from cost allocations920609(311)(338)-920-609(311)(338)
    Valuation allowances on receivables-618-1284(667)x--618--1284(667)x
    Other incomeexpenses-3800-16282172572--3800--16282172572
    thereof litigation expenses-3715-18871828492--3715--18871828492
    thereof Other expenses-Labour costs from restructuring-54-391(337)x
    thereof gain of contribution AID to Argo-833833x-2-946944x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionJan - DecJan - DecJan - DecJan - DecJan - Dec
    2019202020192020201920202019202020192020
    VW Passenger Cars36772835884077107642062320461934-3311934-331
    Audi12001017556804997332402283604509256945092569
    Skoda106284919806170818912703116607561660756
    SEAT66748411496919864095189445-339445-339
    Bentley1211209220491515132665206520
    Porsche Vehicles277265260602608623145229013675402136754021
    VW Com Vehicles45634511473935851584371510-454510-454
    Scania Vehicles and Services101731393411521134271105215067481506748
    MAN Commercial Vehicles14311812663108381197110058402-631402-631
    Power Engineering--3997364039953638159-268159-268
    Porsche Hold Salzburg58850522161215412062819211651475651475
    VW Chinasup140483577
    Other-685-418-30931-265736902361484-867sup2782sup2-867sup3782sup3
    VW Financial Service379573863734614354272960280329602803
    Volkswagen Group before special items169609675169609675
    Sspecial items----
    Volkswagen Group109569157252632222884252632222884169609675169609675
    thereof
    Automotive Division109569157212473182106216187185661137486664137486664
    of which Passenger Cars107138965182031156311186791160909121887224121887224
    Commercial Vehicles243191264442215625401211141653-791653-79
    Power Engineering Business Area--3997364039953638-93-482-93-482
    FS Division401604077836446372233212301232123012
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group Cost of Sales
    January - Decemberb(w) prior yearJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales2034908051839378251955496-203490-1839371955496
    thereof
    Direct material and cost of goods purchased1132824489802344015260135-113282-9802315260135
    Warranty costs601724518723831138-6017-5187831138
    Personnel expenses31470125278891253582114-31470-278893582114
    Deferral of fixed costs-0(00)000(0)x--0-0(0)x
    Material overhead expenses17135681587271126374-17135-15872126374
    Investment overhead expenses15757621639774(640)(41)-15757-16397(640)(41)
    thereofDepreciation15004591570670(702)(47)-15004-15706(702)(47)
    Capitalized own research development costs-5108(20)-6348(28)1240243--5108--63481240243
    Cost of sales from Financial Services3230812832813147(505)(16)-32308-32813(505)(16)
    thereofResidual values vehicles operate lease16287641647974(192)(12)-16287-16479(192)(12)
    thereofInterest expenses FS business270511230310402149-2705-2303402149
    thereofDepreciations on rental asset918536997645(791)(86)-9185-9976(791)(86)
    Services Accounting-5366(21)-4266(19)(1101)(205)--5366--4266(1101)(205)
    Other-2005(08)-1629(07)(376)(188)--2005--1629(376)(188)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    January - Decemberb(w) pyJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue25263210002228841000(118)25263210002228841000(118)
    Cost of sales-203490-805-183937-82596--203490sup2-805--183937-82596
    Gross profit4914219538947175(207)4914219538947175(207)
    Distribution expenses-20978-83-18407-83123--20978sup3-83--18407-83123
    Administrative expenses-9767-39-9399-4238--9767-39--9399-4238
    Other operating incomeexpenses-1437-06-1466-07(20)--1437-06--1466-07(20)
    Operating profit1696067967543(430)1696067967543(430)
    Share of profloss of equ-acc invest334913275612(177)-334913-275612(177)
    Interest resultOther fin result-1953-08-765-03608--1953-08--765-03608
    Financial result139606199109426-139606-199109426
    Profit before tax18356731166752(364)18356731166752(364)
    Income tax expense-4326-17-2843-13343
    Profit after tax1402956882440(371)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    January - Decemberb(w) prior year
    euro million20192020absolute
    Sales revenue252632222884(29749)(118)
    Operating profit before special items169609675(7284)(430)
    as of sales revenue6743(24)sup1
    Special itemssup2---x
    Operating profit169609675(7284)(430)
    as of sales revenue6743(24)sup1
    Financial result13961991595426
    Profit before tax before special items1835611667(6689)(364)
    as of sales revenue7352(20)sup1
    Profit before tax1835611667(6689)(364)
    as of sales revenue7352(20)sup1
    Income tax expense-4326-28431484343
    Tax rate in236244(08)sup1
    Profit after tax140298824(5205)(371)
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Financial Result
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Total financial result13961991595426
    thereof
    Share of prof amp loss of equity-acc invest33492756(592)(177)
    Interest result-1614-149811672
    Other financial result-3397331072x
    Dividend decisions of joint venturessup1
    January - Decemberb(w) prior year
    euro million20192020absolutein
    FAW-Volkswagen13931368(25)(18)
    SAIC-Volkswagen18081284(525)(290)
    SAIC-Volkswagen Sales Company153149(4)(24)
    Shanghai VW Powertrain11564(52)(447)
    VW Pon Financial Services BV1212-00
    IAV---x
    PZ Auto doo---x
    VW FAW Engine22927950219
    VW-FAW Platform Company5-(5)x
    VW Transmission (Shanghai)---x
    Cummis-Scania XPI Manufacturing LLC---x
    Oppland Tungbilservice AS00(0)(48)
    Tynset Diesel AS Tynset00061
    Total37153155(560)(151)
    thereof received37143155(559)(150)
    thereof outstanding2-(2)x
    sup1 The changes of the equity investment carrying amounts are represented due to the dividend decisions
    gepruumlft
    CZ 08022021
    Share of the result of equity-accounted investments ndash China
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Total33492756(592)(177)
    thereof
    SAIC-Volkswagen Groupsup11670993(677)(405)
    less Elimination of unrealized profit for inventories1110(1)(60)
    less Elimination of unrealized profit for one-time licences-109-2881739
    SAIC-Volkswagen Group (Group Level)1571975(597)(380)
    FAW-Volkswagen (Separate Financial Statement)13641525161118
    less Elimination of unrealized profit for inventories38-20(58)x
    less Elimination of unrealized profit for one-time licences-160-7189556
    FAW-Volkswagen (Group Level)12421434192155
    Other Chinese Companiessup2364464100275
    thereof
    Volkswagen FAW Engine Co Ltd291295414
    Shanghai VW Powertrain6251(11)(172)
    Volkswagen (Anhui) Automotive (former JAC VW Automotive)-7171x
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive Co Ldt
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    gepruumlft
    CZ 08022021
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    January - December2019202020192020
    EuropeRem markets48563929(191)153999133499(133)
    North America956744(221)4335136810(151)
    South America607471(224)112978632(236)
    AsiaPacific45384012(116)439744428807
    Total109569157(164)252622223229(116)
    Hedges sales revenue--x11-345x
    Volkswagen Group109569157(164)252632222884(118)
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionJan - DecJan - DecJan - DecJan - DecJan - Dec
    2019202020192020201920202019202020192020
    VW Passenger Cars367728358840771076420623204637854541934-331
    Audi12001017556804997332402283604509273945092569
    Skoda106284919806170818912703116607561660756
    SEAT66748411496919864095189445-339445-339
    Bentley1211209220491515132665206520
    Porsche Vehicles277265260602608623145229014210402136754021
    VW Com Vehicles45634511473935851584371510-454510-454
    Scania Vehicles and Services101731393411521134271105215067481506748
    MAN Commercial Vehicles14311812663108381197110058402-631402-631
    Power Engineering--3997364039953638159-268159-268
    Porsche Hold Salzburg58850522161215412062819211651475651475
    VW Chinasup140483577
    Other-685-418-30931-265736902361484-917sup2759sup2-867sup3782sup3
    VW Financial Service379573863734614354272960280329602803
    Volkswagen Group before special items1929610607169609675
    Special items-2336-931--
    Volkswagen Group109569157252632222884252632222884169609675169609675
    thereof
    Automotive Division109569157212473182106216187185661137486664137486664
    of which Passenger Cars107138965182031156311186791160909121887224121887224
    Commercial Vehicles243191264442215625401211141653-791653-79
    Power Engineering Business Area--3997364039953638-93-482-93-482
    FS Division401604077836446372233212301232123012
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 3602 (4425) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    January - Decemberb(w) prior year
    euro million020192020absolute
    Total research and development
    costs143061388542129
    - as of sales revenuesup16776(09)sup2
    Capitalized development costs517164731302252
    as of total expense361466105sup2
    +Amortization of capitalized
    development costs40644644(580)(143)
    =Research and development costs
    recognized in the income statement1319912056114387
    - as of sales revenuesup16266(04)sup2
    sup1 Automotive Division
    sup2 Percentage points
    Inventories
    12-31-12-31-b(w) prior year
    euro million20192020absolutein
    Total4674243823291962
    Raw materials and supplies60996966(867)(142)
    WorkService in progress411040228821
    Finished goods and products30617272043413111
    Rental and leasing business5699533736264
    Payments on account for inventories222288(66)(295)
    Hedges on inventories-66(12)x
    Automotive Division Change in Working Capitalsup1
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Total16361079(558)(341)
    Change in inventories-34514061751x
    Change in receivables-1176451221x
    Change in liabilities1564-138(1702)x
    Change in other provisions1400-214(1614)x
    Change in leasing and rental assets
    (excluding depreciation)-11052161x
    Change in financial
    services receivables303-72(375)x
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Key Financial Figures Passenger Cars Divisionsup1
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Gross cash flow2547421823(3651)(143)
    +Change in working capital3053331(2722)(891)
    =Cash flows from operating activities2852822154(6373)(223)
    Cash flows from investing activities-20254-167623492172
    thereof
    Invest in property plant and equipment-12860-99472914227
    ndash as of sales revenue716407
    Add to capitalized development costs-4661-6135(1474)(316)
    Acquisition and disposal of equity invest-2692-9991693629
    Net cash flow82735392(2881)(348)
    ContributionsRedemptions from hybrid capital-29842984x
    Capital contributions FS divisions CV PE-971-87884911
    Acquisitions of shares of minorities--237(237)x
    IPO TRATON1387-(1387)x
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Gross cash flow2909723642(5455)(187)
    +Change in working capital16361079(558)(341)
    =Cash flows from operating activities3073324721(6012)(196)
    Cash flows from investing activities-19898-18364153477
    thereof
    Invest in property plant and equipment-14007-110652942210
    ndash as of sales revenue666105
    Add to capitalized development costs-5171-6473(1302)(252)
    Acquisition and disposal of equity invest-716-1188(472)(659)
    Net cash flow108356357(4478)(413)
    ContributionsRedemptions from hybrid capital-29842984x
    Capital contributions FS divisions-970-33938966
    Acquisitions of shares of minorities-1109-235874788
    IPO TRATON1387-(1387)x
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Balance Sheet by Division - Equity and Liabilities
    Passenger Carssup1Comm VehPE
    12-31-12-31-12-31-12-31-12-31-12-31-
    euro million201920202019202020192020
    Equity7577381423141151338928851922
    Attributable to shareh7487980590138081311928481918
    Noncontrolling interests895834307270374
    Equity attributable to hybrid capital owner of VW AG1266315713----
    Equity attributable to shareholders of VW AG7487980590138081311928481918
    Noncurrent liabilities78679822631136710592777668
    Noncurrent fin liabilities162511426911801226160141
    Other nonc liabilities3937572272036246435328
    Provisions for pensions387534225717591817119133
    Other nonc provisions1973820015122413036366
    Current liabilities4739449731130811205227462057
    Current fin liabilities-10522-549524602502749186
    Trade payables164951615624532753655630
    Other current liabilities188121839172945819686699
    Other current provisions2258320679873978311541
    Held for Sale26---344-
    Total equity and liabilities201846213417385633603364084647
    sup1 Passenger Cars = Automotive Division Commercial Vehicles Power Engineering
    Balance Sheet by Division - Assets
    Passenger Carssup1Comm VehPE
    12-31-12-31-12-31-12-31-12-31-12-31-
    euro million201920202019202020192020
    Noncurrent assets126387130237251432477722061847
    Intangible assets5681358823790779691290990
    Property plant amp equip572145491370327131797763
    Leasing and rental assets-5025-4968710664803-
    Equity accounted invest62328129111811353429
    FS receivables-397-38174--
    Other1155013721197320598265
    Current assets7545983180134201125642022800
    Inventories35509333134948432914411413
    FS receivables-643-56033--
    Receivables and other financial assets13190126943438317811741140
    Marketable securities103681539831782105--
    Cash cash equivalents170192233418531641807247
    Held for Sale16---779-
    Total assets201846213417385633603364084647
    sup1 Passenger Cars = Automotive Division Commercial Vehicles Power Engineering
    Balance Sheet by Division - Equity and Liabilities
    VW GroupAutomotivesup1Financial Services
    12-31-12-31-12-31-12-31-12-31-12-31-
    euro million201920202019202020192020
    Equity12365112878392774967333087732050
    Attributable to shareh12178112704991535956263024631423
    Noncontrolling interests1870173412391107631627
    Equity attributable to hybrid capital owner of VW AG12663157131266315713--
    Equity attributable to shareholders of VW AG12178112704991535956263024631423
    Noncurrent liabilities1964972029219082293523105675109398
    Noncurrent fin liabilities11355611480917592156379596599173
    Other nonc liabilities1976920344115751229581948048
    Provisions for pensions41389450814063144207759874
    Other nonc provisions217832268821025213847571304
    Current liabilities1679241654106322063840104703101569
    Current fin liabilities8791288648-7312-28069522491454
    Trade payables2274522677196031953931423137
    Other current liabilities3246231122267922490956696212
    Other current provisions24434229642376622198668766
    Held for Sale370-370---
    Total equity and liabilities488071497114246816254097241255243017
    sup1 Automotive Division = Volkswagen Group Financial Services
    Balance Sheet by Division - Assets
    VW GroupAutomotivesup1Financial Services
    12-31-12-31-12-31-12-31-12-31-12-31-
    euro million201920202019202020192020
    Noncurrent assets300608302170153736156861146873145309
    Intangible assets66214679686601067781204187
    Property plant amp equip6615263884650436280711101077
    Leasing and rental assets4893850686208415124685349174
    Equity accounted invest81691008073859294784786
    FS receivables8697382565-390-3778736382942
    Other241622698713605158441055811143
    Current assets18746319494493081972369438297708
    Inventories4674243823418983905548444768
    FS receivables5861558006-640-5575925558562
    Receivables and other financial assets386203804417803170122081721033
    Marketable securities1676921162135461750332233658
    Cash cash equivalents2592333909196792422262439687
    Held for Sale795-795---
    Total assets488071497114246816254097241255243017
    sup1 Automotive Division = Volkswagen Group Financial Services
    Volkswagen Group Balance Sheet
    Assets12-31-12-31-12-31-12-31-Equity and Liabilities12-31-12-31-12-31-12-31-
    euro million20192020Specialitems2020euro million20192020Specialitems2020
    Noncurrent assets300608302170302170Equity123651128783128783
    Intangible assets6621467968-67968Attributable to shareh121781127049-127049
    Property plant amp equip6615263884-63884Noncontrolling interests18701734-1734
    Leasing and rental assets4893850686-50686Noncurrent liabilities196497202921202921
    Equity accounted invest816910080-10080Noncurrent fin liabilities113556114809-114809
    FS receivables8697382565-82565Other nonc liabilities1976920344-20344
    Other2416226987-26987Provisions for pensions4138945081-45081
    Current assets187463194944194944Other nonc provisions2178322688-22688
    Inventories4674243823-43823Current liabilities167924165410165410
    FS receivables5861558006-58006Current fin liabilities8791288648-88648
    Receivables and otherfinancial assets38620--Trade payables2274522677-22677
    38044-38044Other current liabilities3246231122-31122
    Marketable securities1676921162-21162Other current provisions2443422964-22964
    Cash cash equivalents2592333909-33909Held for Sale370--589999
    Held for Sale795-795-
    Total assets488071497114497114Total equity and liabilities488071497114497114
    Share of the result of equity-accounted investments
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Total33492756(592)(177)
    thereof
    SAIC-Volkswagen Groupsup11670993(677)(405)
    FAW-Volkswagen13641525161118
    Other Chinese Companiessup2362462100276
    Sinotruk (Hong Kong) Ltd156117(39)(250)
    There Holding-11761178x
    Rheinmetall M V5222(30)(576)
    Mobility Trader Holding Ltd--164(164)x
    Argo--96(96)x
    Navistar8-66(75)x
    NorthVoltsup3-7-45(37)x
    Elimination of unrealized profit-219-108111507
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    gepruumlft
    CZ 08022021
    Financial Result
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Total financial result13961991595426
    Share of prof amp loss of equity-acc invest33492756(592)(177)
    Interest result-1614-149811672
    Interest income910793(117)(129)
    Interest expenses-2524-229123392
    Interest result on other liabilitiessup2-1117-769(348)(311)
    Result on interest derivativessup20-1919x
    Other financial result-3397331072x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities152-635(787)x
    Net income from equity investments-250-423(173)(691)
    Net income from securities and fundssup127-230(257)x
    Currency Other derivatives-24019502190x
    thereof Valuation-16413181481x
    thereof Realization-77632709x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    January - Decemberb(w) prior yearJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolut
    Total other operating incomeexpenses-1437-1466(29)(20)-26321195-1002-464(1659)x
    thereof
    Foreign currency influences23-383(406)x-23--383(406)x
    Other hedging-155-9758373--155--9758373
    Futures Commodities---x-----x
    Reversal of provisions9691086117121299418610005963
    Rental income161145(16)(100)-161-145(16)(100)
    Net income from disposalswrite-ups106387(976)(918)-1063-87(976)(918)
    Income from cost allocations920609(311)(338)-920-609(311)(338)
    Valuation allowances on receivables-618-1284(667)x--618--1284(667)x
    Other incomeexpenses-3800-16282172572-2661-1139-1088-539600527
    thereof litigation expenses-3715-18871828492-2661-1055-1086-801254241
    thereof Other expenses-Labour costs from restructuring-54-391(337)x
    thereof gain of contribution AID to Argo2946944x---833833x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group other operating IncomeExpenses
    January - Decemberb(w) prior yearJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolut
    Total other operating incomeexpenses-1437-1466(29)(20)-26321195-1002-464(1659)x
    thereof
    Foreign currency influences23-383(406)x-23--383(406)x
    Other hedging-155-9758373--155--9758373
    Futures Commodities---x-----x
    Reversal of provisions19691086117121299418610005963
    Rental income161145(16)(100)-161-145(16)(100)
    Net income from disposalswrite-ups106387(976)(918)-1063-87(976)(918)
    Income from cost allocations920609(311)(338)-920-609(311)(338)
    Valuation allowances on receivables-618-1284(667)x--618--1284(667)x
    Other incomeexpenses2-3800-16282172572-2661-1139-1088-539600527
    thereof litigation expenses-3715-18871828492-2661-1055-1086-801254241
    thereof Other expenses-Labour costs from restructuring-54-391(337)x
    thereof gain of contribution AID to Argo-833833x-2-946944x
    sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro86 million
    sup2 Incl special items from diesel issue 2019 euro-2661 million 2020 euro-1088 million
    Volkswagen Group Administrative Expenses
    January - Decemberb(w) prior year
    euro million20192020absolute
    Total administrative expenses9767939936838
    thereof
    Personnel costs5828568614224
    Material overhead expenses4648421443493
    Other administrative expenses-708-501(207)(293)
    thereof DepreciationInvest overh exp719775(57)(79)
    Volkswagen Group Distribution Expenses
    January - Decemberb(w) prior year
    euro million20192020absolutein
    Total distribution expenses20978184072571123
    thereof
    Personnel costs5565527029553
    Sales Expenses706452441820258
    thereofIncentives63456866104
    Advertising and sales promotion62074509sup21698274
    Material overhead expenses39413320621158
    Other distribution costs44084573sup3(165)(37)
    thereofDeferral of fixed costs in sales orga-0-0(0)(893)
    DepreciationInvest overhead expenses699881(182)(260)
    Other direct costs of sale141313833021
    Freight-out packaging-shipping costs20801795285137
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    January - Decemberb(w) prior yearJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales2034908051839378251955496-296203786711840081977997
    thereof
    Direct material and cost of goods purchased1132824489802344015260135-113282-9802315260135
    Warranty costs60172451872383113886010725114895149
    Personnel expenses31470125278891253582114-31470-278893582114
    Deferral of fixed costs-0(00)000(0)x--0-0(0)x
    Material overhead expenses17135681587271126374-17135-15872126374
    Investment overhead expenses15757621639774(640)(41)-15757-16397(640)(41)
    thereofDepreciation15004591570670(702)(47)-15004-15706(702)(47)
    Capitalized own research development costs-5108(20)-6348(28)1240243--5108--63481240243
    Cost of sales from Financial Services3230812832813147(505)(16)-32308-32813(505)(16)
    thereofResidual values vehicles operate lease16287641647974(192)(12)-16287-16479(192)(12)
    thereofInterest expenses FS business270511230310402149-2705-2303402149
    thereofDepreciations on rental asset918536997645(791)(86)-9185-9976(791)(86)
    Services Accounting-5366(21)-4266(19)(1101)(205)--5366--4266(1101)(205)
    Other-2005(08)-1629(07)(376)(188)-303-1702-143-1486(216)(127)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    January - Decemberb(w) prior yearJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales2034908051839378251955496-296203786711838661992198
    thereof
    Direct material and cost of goods purchased1132824489802344015260135-113282-9802315260135
    Warranty costs160172451872383113886010725114895149
    Personnel expenses31470125278891253582114-31470-278893582114
    Deferral of fixed costs-0(00)000(0)x--0-0(0)x
    Material overhead expenses17135681587271126374-17135-15872126374
    Investment overhead expenses15757621639774(640)(41)-15757-16397(640)(41)
    thereofDepreciation15004591570670(702)(47)-15004-15706(702)(47)
    Capitalized own research development costs-5108(20)-6348(28)1240243--5108--63481240243
    Cost of sales from Financial Services3230812832813147(505)(16)-32308-32813(505)(16)
    thereofResidual values vehicles operate lease16287641647974(192)(12)-16287-16479(192)(12)
    thereofInterest expenses FS business270511230310402149-2705-2303402149
    thereofDepreciations on rental asset918536997645(791)(86)-9185-9976(791)(86)
    Services Accounting-5366(21)-4266(19)(1101)(205)--5366--4266(1101)(205)
    Other2-2005(08)-1629(07)(376)(188)-303-1702-143-1486(216)(127)
    sup1 Incl special items from Diesel issue 2019 euro8 million 2020 euro72 million
    sup2 Incl special items from Diesel issue 2019 euro-303 million 2020 euro-143 million
    Income Statement by Division
    Passenger Carssup1Comm VehPE
    Jan - DecJan - DecJan - Dec
    euro million20192020absolute20192020absolute20192020absolute
    Sales revenue182031156311-25720-1412644422156-4289-16239973640-357-89
    Cost of sales-145606-12827817328119-21516-190232492116-3355-320614944
    Gross profit3642528033-8392-23049293132-1796-364642434-208-324
    Distribution expenses-16767-146062161129-2388-2149239100-557-5114682
    Administrative expenses-6347-608126642-975-87897100-201-1891259
    Other oper income84099102693826606761625103104216
    Other oper expense-9532-922430832-572-860-288-503-80-320-240x
    Other oper incomeexpense-1124-122100189187-184-272x23-215-238x
    Operating profit121887224-4964-4071653-79-1732x-93-482-389x
    Share profloss equ-acc in30532615-438-14322585-140-622-1-3-3x
    Interest resultOther fin result-1819-2971522837-70-170-100x1-2-3x
    Financial result123323171084879155-85-240x0-5-6x
    Profit before tax134219541-3880-2891808-163-1971x-92-487-394x
    Income tax expense-3175-2331844266-335-4429086819147128x
    Profit after tax102467211-3036-2961473-208-1681x-73-340-267x
    of which attributable to
    Non controlling interests38452331-1514-394-33544379x-19-147-128x
    Volkswagen AG hybrid capital investors38452331-1514-394-33544379x-19-147-128x
    Volkswagen AG shareholders25572549-8-03--296-2439NV-35-46-12-336
    sup1 Passenger Cars = Automotive Division Commercial Vehicles Power Engineering
    Income Statement by Division
    VW GroupAutomotivesup1Financial Services
    Jan - DecJan - DecJan - Dec
    euro million20192020absolute20192020absolute20192020absolute
    Sales revenue252632222884-29749-118212473182106-30366-143401604077861815
    Cost of sales-203490-1839371955496-170477-15050719969117-33014-33430-416-13
    Gross profit4914238947-10195-2074199631599-10397-2487146734820228
    Distribution expenses-20978-184072571123-19712-172672446124-1266-114012599
    Administrative expenses-9767-939936838-7522-714737550-2245-2252-7-03
    Other oper income114531243898586917198827117822822556274120
    Other oper expense-12890-13904-1014-79-10184-10404-219-22-2706-3500-795-294
    Other oper incomeexpense-1437-1466-29-20-1014-522492485-423-944-521x
    Operating profit169609675-7284-430137486664-7084-51532123012-200-62
    Share profloss equ-acc in33492756-592-17732782697-581-1777160-11-161
    Interest resultOther fin result-1953-7651188608-1889-4691419751-64-296-231x
    Financial result13961991595426138922278386047-236-243x
    Profit before tax1835611667-6689-364151378891-6246-41332192776-443-138
    Income tax expense-4326-28431484343-3491-22281262362-836-615221265
    Profit after tax140298824-5205-371116466663-4983-42823832161-222-93
    of which attributable to
    Non controlling interests143-43-186x79-98-177x6455-9-137
    Volkswagen AG hybrid capital investors540533-7-13540533-7-13---x
    Volkswagen AG shareholders133468334-5012-376110276227-4799-43523192106-213-92
    sup1 Automotive Division = Volkswagen Group Financial Services
    Volkswagen Group Income Statement
    Decemberb(w) py
    euro million20192020
    Sales revenue21517100022769100058
    Cost of sales-17112-795-17126-752(01)
    Gross profit44052055643248281
    Distribution expenses-2222-103-1976-87111
    Administrative expenses-1021-47-455-20555
    Other operating incomeexpense-1684-78-267-12842
    Operating profit-522-242945129x
    Share of profloss of equ-acc invest940422710x
    Interest resultOther fin result-14-011901x
    Financial result800424611x
    Profit before tax-442-213191140x
    Income tax expense14807-876-38x
    Profit after tax-295-142315102x
    Volkswagen Group Income Statement
    before special items
    January - Decemberb(w) pyJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue25263210002228841000(118)25263210002228841000(118)
    Cost of sales-203490-805-183937-82596296-203786-80771-184008-82697
    Gross profit4914219538947175(207)4884619338876174(204)
    Distribution expenses-20978-83-18407-83123--20978-83--18407-83123
    Administrative expenses-9767-39-9399-4238--9767-39--9399-4238
    Other operating incomeexpenses-1437-06-1466-07(20)-2632119505-1002-464-02x
    Operating profit1696067967543(430)19296761060748(450)
    Share of profloss of equ-acc invest334913275612(177)-334913-275612(177)
    Interest resultOther fin result-1953-08-765-03608--1953-08--765-03608
    Financial result139606199109426-139606-199109426
    Profit before tax18356731166752(364)20692821259857(391)
    Income tax expense-4326-17-2843-13343
    Profit after tax1402956882440(371)
    Volkswagen Group Income Statement
    January - Decemberb(w) pyJanuary - Decemberb(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue25263210002228841000(118)25263210002228841000(118)
    Cost of sales1-203490-805-183937-82596296-203786sup2-80771-184008-82697
    Gross profit4914219538947175(207)4884619338876174(204)
    Distribution expenses-20978-83-18407-83123--20978sup3-83--18407-83123
    Administrative expenses-9767-39-9399-4238--9767-39--9399-4238
    Other operating incomeexpenses2-1437-06-1466-07(20)-2632119505-1002-464-02x
    Operating profit1696067967543(430)19296761060748(450)
    Share of profloss of equ-acc invest334913275612(177)-334913-275612(177)
    Interest resultOther fin result-1953-08-765-03608--1953-08--765-03608
    Financial result139606199109426-139606-199109426
    Profit before tax18356731166752(364)20692821259857(391)
    Income tax expense-4326-17-2843-13343
    Profit after tax1402956882440(371)
    sup1 Incl special items from Diesel issue 2019 euro296 million 2020 euro71 million
    sup2 Incl special items from Diesel issue 2019 euro-2632 million 2020 euro-1002 million
    Volkswagen Group Key Financial Figures
    Decemberb(w) prior year
    euro million20192020absolute
    Sales revenue2151722769125258
    Operating profit-52229453467x
    as of sales revenue-24129154sup1
    Financial result80246166x
    Profit before tax-44231913633x
    as of sales revenue-21140161sup1
    Income tax expense148-876(1024)x
    Tax rate in33427559sup1
    Profit after tax-29523152610x
    sup1 Percentage points
    Volkswagen Group Key Financial Figures
    January - Decemberb(w) prior year
    euro million20192020absolute
    Sales revenue252632222884(29749)(118)
    Operating profit before special items1929610607(8689)(450)
    as of sales revenue7648(29)sup1
    Special itemssup2-2336-9311405601
    Operating profitsup2169609675(7284)(430)
    as of sales revenue6743(24)sup1
    Financial result13961991595426
    Profit before tax before special items2069212598(8094)(391)
    as of sales revenue8257(25)sup1
    Profit before tax1835611667(6689)(364)
    as of sales revenue7352(20)sup1
    Income tax expense-4326-28431484343
    Tax rate in236244(08)sup1
    Profit after tax140298824(5205)(371)
    sup1 Percentage points
    sup2 Incl special items from Diesel issue 2019 euro-2336 million 2020 euro- 931 million
    Volkswagen Group Key Financial Figures
    January - Decemberb(w) prior year
    euro million20192020absolute
    Sales revenue252632222884(29749)(118)
    Operating profit before special items1929610607(8689)(450)
    as of sales revenue7648(29)sup1
    Special itemssup2-2336-9311405601
    Operating profitsup2169609675(7284)(430)
    as of sales revenue6743(24)sup1
    Financial result13961991595426
    Profit before tax before special items2069212598(8094)(391)
    as of sales revenue8257(25)sup1
    Profit before tax1835611667(6689)(364)
    as of sales revenue7352(20)sup1
    Income tax expense-4326-28431484343
    Tax rate in236244(08)sup1
    Profit after tax140298824(5205)(371)
    sup1 Percentage points
    sup2 Incl special items from Diesel issue 2019 euro-2336 million 2020 euro- 931 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    04 Wesent Finanzzahlen VW per
    05 GuV
    06 GuV per
    07 GuV KB
    08 GuV KB 1
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    15 Bilanz VW
    16 Aktiva KB
    17 Passiva KB
    18 Aktiva KB 1
    19 Passiva KB 1
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    23 Vorraumlte
    24 F amp E Kosten
    25 Umsatzerloumlse
    26 Umsatzerloumlse nach Maumlrkten
    27 Erg aus at Equity bew Ant
    28 Dividendenbeschluumlsse GU
    29 Finanzergebnis
    Vorstandscharts
    31122020 zu 31122019
    5 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ1Q2Q1Q2Q1Q2Q1Q2Q2
    2020202020202020202020202020202020202020
    VW Passenger Cars76536918965961585003854481-2551481-2551
    Audi2681481245480226783495215-76515-765
    Skoda2371354850269621941098307-78307-78
    SEAT14057255811911383739-48-223-48-223
    Bentley3162023945018856-15556-155
    Porsche Vehicles56605394579848775192529614529614
    VW Com Vehicles995826711567125576914-34814-348
    Scania Vehicles and Services19122982228728622181256-35256-35
    MAN Commercial Vehicles28192633203624461865-83-339-83-339
    Power Engineering--922928922927165165
    Porsche Hold Salzburg120103485545844368394063296329
    VW Chinasup1503919
    Other-18020-8842-15191436911740-1293sup2981sup2-1293sup3981sup3
    VW Financial Service9847821790147570654501654501
    Volkswagen Group before special items904-2394904-2394
    Special items----
    Volkswagen Group1937179955054410765505441076904-2394904-2394
    thereof
    Automotive Division1937179944650323654557733085197-2935197-2935
    of which Passenger Cars1891176738165271473934728110120-2470120-2470
    Commercial Vehicles46325564429053084047121-416121-416
    Power Engineering Business Area--922928922927-44-49-44-49
    FS Division10404871194777992707541707541
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q1Q2b(w) prior yearQ2b(w) py
    Specialitems PYSpecialitems
    euro million20202020absolute20202020absolute
    Total other operating incomeexpenses-14092291639x--1409-2291639x
    thereof
    Foreign currency influences-383163546x--383-163546x
    Other hedging-9442141159x--944-2141159x
    Futures Commodities---x-----x
    Reversal of provisions185293108585-185-293108585
    Rental income3637128-36-37128
    Net income from disposalswrite-ups28-3(31)x-28--3(31)x
    Income from cost allocations5611256996-56-11256996
    Valuation allowances on receivables-266-388(122)(459)--266--388(122)(459)
    Other incomeexpenses-122-199(78)(637)--122--199(78)(637)
    thereof litigation expenses-191-875(684)x--191--875(684)x
    thereof Gain of contribution AID to Argo-833833x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q1Q2b(w) prior year
    euro million20202020absolute
    Sales revenue5505441076(13978)(254)
    Operating profit before special items904-2394(3298)x
    as of sales revenue16-58(75)sup1
    Special itemssup2---x
    Operating profit904-2394(3298)x
    as of sales revenue16-58(75)sup1
    Financial result-222360583x
    Profit before tax before special items682-2034(2715)x
    as of sales revenue12-50(62)sup1
    Profit before tax682-2034(2715)x
    as of sales revenue12-50(62)sup1
    Income tax expense-165498663x
    Tax rate in242245(03)sup1
    Profit after tax517-1536(2053)x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q1Q2b(w) pyQ2b(w) py
    Specialitems PYSpecialitems
    euro million2020202020202020
    Sales revenue550541000410761000(254)550541000410761000(254)
    Cost of sales-45824-832-37404-911184--45824sup2-832--37404-911184
    Gross profit9231168367289(602)9231168367289(602)
    Distribution expenses-4472-81-3880-94132--4472sup3-81--3880-94132
    Administrative expenses-2445-44-2415-5912--2445-44--2415-5912
    Other operating incomeexpenses-1409-2622906x--1409-26-22906x
    Operating profit90416-2394-58x90416-2394-58x
    Share of profloss of equ-acc invest12902103525x-12902-103525x
    Interest resultOther fin result-351-06-675-16(923)--351-06--675-16(923)
    Financial result-222-0436009x--222-04-36009x
    Profit before tax68212-2034-50x68212-2034-50x
    Income tax expense-165-0349812x
    Profit after tax51709-1536-37x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999630310319147113764527383767555836627-107000-149695905635-1317028634-169354787679293417113058301455543909898409941841137530337457574394-3293202439170712142526127673633378118522415547280975514385982687889488
    299999
    199999324087152278455224822023-5334312628-1070003779630578-10760516217-1833595916-496080754117229133242516213988767161801880286-509784408-314890070311667438348-39875109772942077323821666874289410065930052
    199999
    1119991475137087150035776056560334282187146838-25220673515698698992410066-2116843067-7321808155-6920504304401303851-80865084816043572862-684513376447001885281250503-887406886
    111999
    111199-5067081478-5113772732-84010745-16109554546691254-15991-5410812-3295113616-3107627222-3107653349-261271319179299-310457-480162688-748966158-884909478
    111199
    111110-969985488-1032901495-5410812-58719562916007-15991-5410812-7756529-4514337-4540464-26127-1483957-310457-42706155-8356313-884909478
    1111155207964452079644-1268583612-1268583612-12685836121320663256
    111116
    111120-1733447306-17201221320-13325174-672833-187615526
    111130-231243477-231243477-16050835-2018773475-1834529273-1834529273-4367837-535994319
    111140-103293558-100393979-78599933-2899579-170000
    1111500000
    111299-169032744-161798331-236699917-7234413-2110747755076909-5831255-5831255-13999458-13999458
    111299
    111210-169032744-161798331-236699917-7234413-2110747755076909-5831255-5831255-13999458-13999458
    11139918768548476187685484761088045092235828666910880450921260126096-4221192357-3797999673423192684-796600966150691354545828545743-34317087
    111399
    111310-3437511958-3437511958167214547439725558221672145474-22898938883-14585118373-13605060242980058131-298788105771506913545410352330195-662800492
    1113205314366805653143668056-584100382-1614269153-58410038224159064979103639260169807060569-55686544729082209611-45237844526593687833
    111330
    11149912189366161510600192-111301002-10044286-29166357615714689-69116737-1369324567011424-9020027-16031451-12049882-330742433-541414221098618831064533748-2497408
    111499
    111410-16606992388478428-69116737-10044286-25454835115714689-69116737-9661012425324-15606127-16031451-12049882-327820911-57087335-4296756481049416274-2497408
    111420-5341699-358743630-175426270-73085
    1114301489646772150921937-19572598-403223366586165861-29215222945913153560297815117474
    111440
    111441
    11147000
    111480-51223243-51223243-4218426500
    112999-24277768122-27593207889-2231433142046426337752766495-24915558-186014865-3749003902-5051367301-6221511413-1243945342-1554717214-2370489833-1623048994-944542892-164762849832007411396
    112999
    112110-2568088191-2478420433-154226562945077307477770283-1137907-15051371811757117689539575183820068842431-38160636-277841071-2276776731420861055-2027960661-22826446
    112120-5067674232-6543897953116677925-251460974137804238-13593983116677925-1997865283-1566646015-1721578385-226835549-13826288-1574527828-121978424972190108-912272188-123745415
    112299-2164442535-2164164197-1259034852-90418221-409481-12590348522000338673-775770143-1359415693-58364555-331319943-8552978-24630584-697576621-1701131535-117557475
    112299
    112210-1908127292-1907717811-125876144-901348767-409481-1258761442248155628-744694106-132829419-583600084-331319943-8552978-24630584-698645753-1691597005-117547931
    112220-256315243-256446386-273412-2833443-273412-247816955-31076037-31121503-454661069132-953453-9544
    112399-6733281855-7651072159-228081377423301888-183136966-10183668-228081377-1561447333225960653-690971167-91693182-827964623-736878375-129446005-2980237597-110729744-314327683
    112399
    112310-1216381331-18671938462414201-78120978-168463402-95989072414201-69264161-713510308-932413042-218902734-71454259-582611084-81434015-366227906221570235-2956905
    112320-4960052652-4960052652-654964506477011-654964-831557192941275072473132678-468142394-746537993-4700358-27256046-228398811
    112330-55645022-823428009-251568423-5054145-14673564-584761-251568423-37248531-1804111-231690803-229886692-9972371-149464786-47909843111594909-103901168-284758633
    112340-397652-397652-102147-102147
    112410-7744281309-8755653147268956061923279945597207384212689560619-3365741727-2944451371-2467928174474625146304287221-215104831240220163-117241908552585868415
    113999-25787435844-5936148923-3919678872-2843867151-856304095-3919678872-7181794-9227014-922701441024083-18921
    113999
    113110-215871688-10805721-267935-242648964-267935-7181794-9227014-9227014
    113111-69637-6963700-18921
    11311226687249-80466-8046623703187-80466
    113113
    113114-2037332789-607518977-629593768-24978467885-62959376841024083
    113115-545188-3388596892-859409583
    11312000
    113210145731037145731037
    113410-5309172052-5310780059-328732528816080073105488-3287325288
    114999-11732833-15880674517171703-33334588-33334588-33334588-167835044
    114999
    114110-195343203-48236421-120334308-33334588-33334588-33334588-29158442
    114120140114187140114187
    114130-62099314-110570324-2608176-138676602
    115999210442886289209977855733-1603532420465030556-3792-16035324220377840832620389054782203890547820-120869-295-295-70519732-101139285308740103697
    115999
    115199206433730922207435822458-1526038050-1002091536-152603805-12852861400-66965571-121807093225103547632
    115199
    115110209815544603210817636139-28444991-1002091536-284449910-66965571748268488225103547632
    115115000000
    11512500000
    115120-3381813681-3381813681-1241588140-124158814-12852861400-19663394180
    11529940091553672542033275-77494371467122092-3792-77494372039069369420389054782203890547820-120869-295-295-35541612066780883636556065
    115299
    11521000000020388829831820388829831820388829831800000083165796359
    1152200000000000000000
    11523021334529876642534541469199533-37921244384541675644167564-120869-355403522130863717107
    115240216938682216938682-800844-8008446095177-1918062-1918062-295-2952044650-1053401
    115250-2043379-27446-485729-2015933-485729996000
    11526016629951481663056656-6462864-61508-6462864-12604080960
    115270-2188071-21880710000000
    11528000
    115290
    14999925219857415-1462766524804695201-353209851-26320054-26320054-26320054-7490706
    149999
    14499913190748303131907483033324804661
    144999
    141999287454244128745424413325585832
    141999
    14111027799562462277995624623325585832
    141115945861948945861948
    141150
    141180
    142999-15560567352-15560567352-781171
    142999
    Financial Result
    Q1Q2b(w) prior year
    euro million20202020absolutein
    Total financial result-222360583x
    thereof
    Share of prof amp loss of equity-acc invest1291035906x
    Interest result112-683(796)x
    Other financial result-4638472x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    2020Q1Q2Q1Q2
    EuropeRem markets1024620(395)3450923142(329)
    North America20496(526)97306200(363)
    South America12162(492)24041301(459)
    AsiaPacific5881021737864510622229
    Total19371799(71)5528841264(254)
    Hedges sales revenue--x-233-188195
    Volkswagen Group19371799(71)5505441076(254)
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ1Q2Q1Q2Q1Q2Q1Q2Q2
    2020202020202020202020202020202020202020
    VW Passenger Cars76536918965961585003854481-1972481-2551
    Audi2681481245480226783495215-65815-765
    Skoda2371354850269621941098307-78307-78
    SEAT14057255811911383739-48-223-48-223
    Bentley3162023945018856-15556-155
    Porsche Vehicles56605394579848775192529614529614
    VW Com Vehicles995826711567125576914-34814-348
    Scania Vehicles and Services19122982228728622181256-35256-35
    MAN Commercial Vehicles28192633203624461865-83-339-83-339
    Power Engineering--922928922927165165
    Porsche Hold Salzburg120103485545844368394063296329
    VW Chinasup1503919
    Other-18020-8842-15191436911740-1293sup2981sup2-1293sup3981sup3
    VW Financial Service9847821790147570654501654501
    Volkswagen Group before special items904-1707904-2394
    Special items--687--
    Volkswagen Group1937179955054410765505441076904-2394904-2394
    thereof
    Automotive Division1937179944650323654557733085197-2935197-2935
    of which Passenger Cars1891176738165271473934728110120-2470120-2470
    Commercial Vehicles46325564429053084047121-416121-416
    Power Engineering Business Area--922928922927-44-49-44-49
    FS Division10404871194777992707541707541
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 1128 (276) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q1Q2b(w) prior year
    euro million020202020absolute
    Total research and development
    costs35633132431121
    - as of sales revenuesup18097(17)sup2
    Capitalized development costs15641386(179)(114)
    as of total expense43944203sup2
    +Amortization of capitalized
    development costs11031120(17)(15)
    =Research and development costs
    recognized in the income statement3102286723676
    - as of sales revenuesup16989(19)sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q1Q2b(w) prior year
    euro million20202020absolutein
    Total-3371-4452926868
    Change in inventories-327030256295x
    Change in receivables-358-496(138)(385)
    Change in liabilities1347-2054(3400)x
    Change in other provisions-1208-916292241
    Change in leasing and rental assets
    (excluding depreciation)10558(47)(448)
    Change in financial
    services receivables13-63(76)x
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    17072020 gepruumlft AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q1Q2b(w) prior year
    euro million20202020absolutein
    Gross cash flow44211733(2688)(608)
    +Change in working capital-3081-4432638856
    =Cash flows from operating activities13401290(50)(37)
    Cash flows from investing activities-3715-342029579
    thereof
    Invest in property plant and equipment-1842-17855731
    ndash as of sales revenue4866(17)
    Add to capitalized development costs-1464-1303160110
    Acquisition and disposal of equity invest-508-388120237
    Net cash flow-2375-2130245103
    ContributionsRedemptions from hybrid capital-29842984x
    Capital contributions FS divisions CV PE--63(63)x
    Net liquidity 03-31-202006-30-20201803619117108260
    Net liquidity 12-31-201906-30-20201987819117(761)(38)
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    17072020 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q1Q2b(w) prior year
    euro million20202020absolutein
    Gross cash flow49171909(3008)(612)
    +Change in working capital-3371-4452926868
    =Cash flows from operating activities15461464(82)(53)
    Cash flows from investing activities-4064-375131377
    thereof
    Invest in property plant and equipment-2087-20424522
    ndash as of sales revenue4763(16)
    Add to capitalized development costs-1564-1386179114
    Acquisition and disposal of equity invest-511-401111217
    Net cash flow-2518-228823192
    ContributionsRedemptions from hybrid capital-29842984x
    Capital contributions FS divisions--9(9)x
    Aquisition of MAN shares tendered compensation payments2-(2)x
    Net liquidity 03-31-202006-30-2020177871866387649
    Net liquidity 12-31-201906-30-20202127618663(2613)(123)
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    17072020 gepruumlft AT
    Share of the result of equity-accounted investments
    Q1Q2b(w) prior year
    euro million20202020absolutein
    Total1291035906x
    thereof
    SAIC-Volkswagen Groupsup1-6416422x
    FAW-Volkswagen184445260x
    Other Chinese Joint Venturesup2468740862
    Rheinmetall M V98(1)(115)
    There Holding-2189109x
    GETT---ERRORDIV0
    Navistar-10-12(2)171
    Sinotruk (Hong Kong) Ltd27-(27)x
    Elimination of unrealized profit-10719126x
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd
    Financial Result
    Q1Q2b(w) prior year
    euro million20202020absolutein
    Total financial result-222360583x
    Share of prof amp loss of equity-acc invest1291035906x
    Interest result112-683(796)x
    Interest income243193(50)(205)
    Interest expenses-131-876(746)x
    Interest result on other liabilitiessup2234-516750x
    Result on interest derivativessup2-8-2416x
    Other financial result-4638472x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities-213-379(166)(781)
    Net income from equity investments-8823112x
    Net income from securities and fundssup1-511101611x
    Currency Other derivatives394282(112)(285)
    thereof Valuation282271(11)(37)
    thereof Realization11210(102)(907)
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    1 Quartal2 Quartalb(s) VorjahrQ12 QuartalQ2b(w) prior year
    Sonder-einfluumlsse VJSonder-einfluumlsse
    euro million20202020absolut20202020absoluteb(s) Vj
    Total other operating incomeexpenses-14092291639x--1409-6418702279x
    thereof
    Foreign currency influences-383163546x--383-163546x
    Other hedging-9442141159x--944-2141159x
    Futures Commodities---x-----x
    Reversal of provisions185293108585-185932001581
    Rental income3637128-36-37128
    Net income from disposalswrite-ups28-3(31)x-28--3(31)x
    Income from cost allocations5611256996-56-11256996
    Valuation allowances on receivables-266-388(122)(459)--266--388(122)(459)
    Other incomeexpenses-122-199(78)(637)--122-734534656x
    thereof litigation expenses-191-875(684)x--191-734-14150263
    thereof Gain of contribution AID to Argo---833833x
    Volkswagen Group other operating IncomeExpenses
    Q1Q2b(w) prior year2 Quartalb(s) Vj
    Sonder-einfluumlsse VJSonder-einfluumlsse
    euro million20202020absolute20202020absolut
    Total other operating incomeexpenses-14092291639x--1409-6418702279x
    thereof
    Foreign currency influences-383163546x--383-163546x
    Other hedging-9442141159x--944-2141159x
    Futures Commodities---x-----x
    Reversal of provisions1185293108585-185932001581
    Rental income3637128-36-37128
    Net income from disposalswrite-ups28-3(31)x-28--3(31)x
    Income from cost allocations5611256996-56-11256996
    Valuation allowances on receivables-266-388(122)(459)--266--388(122)(459)
    Other incomeexpenses2-122-199(78)(637)--122-734534656x
    thereof litigation expenses-191-875(684)x--191-734-14150263
    thereof Gain of contribution AID to Argo-833833x
    sup1 Incl special items from Diesel issue Q2 euro93 million
    sup2 Incl special items from Diesel issue Q2 euro-734 million
    Volkswagen Group Administrative Expenses
    Q1Q2b(w) prior year
    euro million20202020absolute
    Total administrative expenses244524153012
    thereof
    Personnel costs146614244229
    Material overhead expenses9311023(92)(98)
    Other administrative expenses48-3280x
    thereof DepreciationInvest overh exp182189(8)(43)
    Volkswagen Group Distribution Expenses
    Q1Q2b(w) prior year
    euro million20202020absolutein
    Total distribution expenses44723880592132
    thereof
    Personnel costs1375125412188
    Sales Expenses1256898358285
    thereofIncentives15411341267
    Advertising and sales promotion1059753sup2306289
    Material overhead expenses7286656386
    Other distribution costs11121063sup35045
    thereofDeferral of fixed costs in sales orga13811325181
    DepreciationInvest overhead expenses167228(60)(361)
    Other direct costs of sale35631541114
    Freight-out packaging-shipping costs451285166367
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    Q1Q2b(w) prior yearQ2b(w) py
    Specialitems PYSpecialitems
    euro million2020in UE2020in UEabsolutein20202020absolute
    Total cost of sales45824467374043578420184-45824-374048420184
    thereof
    Direct material and cost of goods purchased22698231183771764321190-22698-183774321190
    Warranty costs112111116711(46)(41)-1121-1167(46)(41)
    Personnel expenses7522776002571519202-7522-60021519202
    Deferral of fixed costs8160831403502616-816-314502616
    Material overhead expenses33053430472925978-3305-304725978
    Investment overhead expenses390840392938(21)(05)-3908-3929(21)(05)
    thereofDepreciation376438380236(38)(10)-3764-3802(38)(10)
    Capitalized own research development costs-1550(16)-1370(13)(179)(116)--1550--1370(179)(116)
    Cost of sales from Financial Services8421866935661486176-8421-69351486176
    thereofResidual values vehicles operate lease4170423001291170280-4170-30011170280
    thereofInterest expenses FS business63506596063961-635-5963961
    thereofDepreciations on rental asset245225259625(143)(58)-2452-2596(143)(58)
    Services Accounting-411(04)-725(07)314762--411--725314762
    Other-11(00)-277(03)266x--11--277266x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    before special items
    1 Quartal2 Quartalb(s) VorjahrQ1Q2b(w) prior year
    Sonder-einfluumlsse VJSonder-einfluumlsse
    euro million2020in UE2020in UEabsolutin20202020absolute
    Total cost of sales45824467374043578420184-4582446373588465185
    thereof
    Direct material and cost of goods purchased22698231183771764321190-22698-183774321190
    Warranty costs112111116711(46)(41)-11219910685347
    Personnel expenses7522776002571519202-7522-60021519202
    Deferral of fixed costs8160831403502616-816-314502616
    Material overhead expenses33053430472925978-3305-304725978
    Investment overhead expenses390840392938(21)(05)-3908-3929(21)(05)
    thereofDepreciation376438380236(38)(10)-3764-3802(38)(10)
    Capitalized own research development costs-1550(16)-1370(13)(179)(116)--1550--1370(179)(116)
    Cost of sales from Financial Services8421866935661486176-8421-69351486176
    thereofResidual values vehicles operate lease4170423001291170280-4170-30011170280
    thereofInterest expenses FS business63506596063961-635-5963961
    thereofDepreciations on rental asset245225259625(143)(58)-2452-2596(143)(58)
    Services Accounting-411(04)-725(07)314762--411--725314762
    Other-11(00)-277(03)266x--11-53-224212x
    Volkswagen Group Cost of Sales
    Q1Q2b(w) prior year2 Quartalb(s) Vj
    Sonder-einfluumlsse VJSonder-einfluumlsse
    euro million2020in UE2020in UEabsolutein20202020absolut
    Total cost of sales45824467374043578420184-4582446373588465185
    thereof
    Direct material and cost of goods purchased22698231183771764321190-22698-183774321190
    Warranty costs1112111116711(46)(41)-11219910685347
    Personnel expenses7522776002571519202-7522-60021519202
    Deferral of fixed costs8160831403502616-816-314502616
    Material overhead expenses33053430472925978-3305-304725978
    Investment overhead expenses390840392938(21)(05)-3908-3929(21)(05)
    thereofDepreciation376438380236(38)(10)-3764-3802(38)(10)
    Capitalized own research development costs-1550(16)-1370(13)(179)(116)--1550--1370(179)(116)
    Cost of sales from Financial Services8421866935661486176-8421-69351486176
    thereofResidual values vehicles operate lease4170423001291170280-4170-30011170280
    thereofInterest expenses FS business63506596063961-635-5963961
    thereofDepreciations on rental asset245225259625(143)(58)-2452-2596(143)(58)
    Services Accounting-411(04)-725(07)314762--411--725314762
    Other2-11(00)-277(03)266x--11-53-224212x
    sup1 Incl special items from Diesel issue Q2 euro99 million
    sup2 Incl special items from Diesel issue Q2 euro-53 million
    Volkswagen Group Income Statement
    before special items
    1 Quartal2 Quartalb(s) VjQ1Q2b(w) py
    Sonder-einfluumlsse VJSonder-einfluumlsse
    euro million2020202020202020
    Sales revenue550541000410761000(254)550541000410761000(254)
    Cost of sales-45824-832-37404-911184--45824-832-46-37358-909185
    Gross profit9231168367289(602)9231168371891(597)
    Distribution expenses-4472-81-3880-94132--4472-81--3880-94132
    Administrative expenses-2445-44-2415-5912--2445-44--2415-5912
    Other operating incomeexpenses-1409-2622906x--1409-26-64187021x
    Operating profit90416-2394-58x90416-1707-42x
    Share of profloss of equ-acc invest12902103525x-12902-103525x
    Interest resultOther fin result-351-06-675-16(923)--351-06--675-16(923)
    Financial result-222-0436009x--222-04-36009x
    Profit before tax68212-2034-50x68212-1347-33x
    Ertragsteuern-165-0349812x
    Ergebnis nach Steuern51709-1536-37x
    Volkswagen Group Income Statement
    Q1Q2b(w) py2 Quartalb(s) Vj
    Sonder-einfluumlsse VJSonder-einfluumlsse
    euro million2020202020202020
    Sales revenue550541000410761000(254)550541000410761000(254)
    Cost of sales1-45824-832-37404-911184--45824sup2-832-46-37358-909185
    Gross profit9231168367289(602)9231168371891(597)
    Distribution expenses-4472-81-3880-94132--4472sup3-81--3880-94132
    Administrative expenses-2445-44-2415-5912--2445-44--2415-5912
    Other operating incomeexpenses2-1409-2622906x--1409-26-64187021x
    Operating profit90416-2394-58x90416-1707-42x
    Share of profloss of equ-acc invest12902103525x-12902-103525x
    Interest resultOther fin result-351-06-675-16(923)--351-06--675-16(923)
    Financial result-222-0436009x--222-04-36009x
    Profit before tax68212-2034-50x68212-1347-33x
    Ertragsteuern-165-0349812x
    Ergebnis nach Steuern51709-1536-37x
    sup1 Incl special items from Diesel issue Q2 euro-46 million
    sup2 Incl special items from Diesel issue Q2 euro-641 million
    Wesentliche Finanzzahlen Volkswagen Konzern
    Q1Q2b(w) prior year
    euro million20202020absolute
    Sales revenue5505441076(13978)(254)
    Operating profit before special items904-1707(2611)x
    as of sales revenue16-42(58)sup1
    Special itemssup2--687(687)x
    Operating profitsup2904-2394(3298)x
    as of sales revenue16-58(75)sup1
    Financial result-222360583x
    Profit before tax before special items682-1347(2029)x
    as of sales revenue12-33(45)sup1
    Profit before tax682-2034(2715)x
    as of sales revenue12-50(62)sup1
    Income tax expense-165498663x
    Tax rate in242245(03)sup1
    Profit after tax517-1536(2053)x
    sup1 Percentage points
    sup2 Incl special items from Diesel issue Q2 euro-687 million
    Wesentliche Finanzzahlen Volkswagen Konzern
    Q1Q2b(w) prior year
    euro million20202020absolute
    Sales revenue5505441076(13978)(254)
    Operating profit before special items904-1707(2611)x
    as of sales revenue16-42(58)sup1
    Special itemssup2--687(687)x
    Operating profitsup2904-2394(3298)x
    as of sales revenue16-58(75)sup1
    Financial result-222360583x
    Profit before tax before special items682-1347(2029)x
    as of sales revenue12-33(45)sup1
    Profit before tax682-2034(2715)x
    as of sales revenue12-50(62)sup1
    Income tax expense-165498663x
    Tax rate in242245(03)sup1
    Profit after tax517-1536(2053)x
    sup1 Percentage points
    sup2 Incl special items from Diesel issue Q2 euro-687 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Absatz Marken Vgl
    Vorstandscharts
    2 Quartal 2020 zu 1 Quartal 2020
    3 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
    2020202020202020202020202020202020202020
    VW Passenger Cars762939186042389288181087452212185221218
    Audi26633512788167107382924386424568642456
    Skoda2242534493504318261912240288240288
    SEAT1221652294315513711696-20-49-20-49
    Bentley3453765232236647724772
    Porsche Vehicles6684629086045614721974021377402137
    VW Com Vehicles93952436268411511196-27-92-27-92
    Scania Vehicles and Services18252825342827093301198329198329
    MAN Commercial Vehicles33382792337725923154-38-171-38-171
    Power Engineering--89989189989045-33545-335
    Porsche Hold Salzburg1371455876622652665637248135248135
    VW Chinasup110401115
    Other-51-207-5132-110791696318412136sup2958sup2136sup3958sup3
    VW Financial Service10531100439708913447711714771171
    Volkswagen Group before special items3183798231837982
    Special items----
    Volkswagen Group25752846593556739859355673983183798231837982
    thereof
    Automotive Division25752846482855680649198578022642675926426759
    of which Passenger Cars25242783418214917942997504552535703925357039
    Commercial Vehicles50635565673653026456115101115101
    Power Engineering Business Area--899891899890-8-381-8-381
    FS Division110701059210158959654112235411223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million20202020absolute20202020absolute
    Total other operating incomeexpenses-38297479x--382-97479x
    thereof
    Foreign currency influences-18319202x--183-19202x
    Other hedging178455277x-178-455277x
    Futures Commodities---x-----x
    Reversal of provisions114495382x-114-495382x
    Rental income3636010-36-36010
    Net income from disposalswrite-ups115241x-11-5241x
    Income from cost allocations18225977424-182-25977424
    Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
    Other incomeexpenses-443-863(421)(950)--443--863(421)(950)
    thereof litigation expenses-159-663(504)x--159--663(504)x
    thereof gain of contribution AID to Argo-113113x---113113x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020in UE2020in UEabsolutein20202020absolute
    Total cost of sales4892849951780495(2852)(58)-48928-51780(2852)(58)
    thereof
    Direct material and cost of goods purchased2642026930529292(4109)(156)-26420-30529(4109)(156)
    Warranty costs124813165216(404)(324)-1248-1652(404)(324)
    Personnel expenses686870749772(628)(91)-6868-7497(628)(91)
    Deferral of fixed costs24703-1376(13)1622x-247--13761622x
    Material overhead expenses372738579255(2065)(554)-3727-5792(2065)(554)
    Investment overhead expenses406741449343(426)(105)-4067-4493(426)(105)
    thereofDepreciation390640423340(328)(84)-3906-4233(328)(84)
    Capitalized own research development costs-1516(15)-1912(18)396261--1516--1912396261
    Cost of sales from Financial Services89389185188142047-8938-851842047
    thereofResidual values vehicles operate lease490450440442501102-4904-4404501102
    thereofInterest expenses FS business5310554105(9)(18)-531-541(9)(18)
    thereofDepreciations on rental asset241125251724(106)(44)-2411-2517(106)(44)
    Services Accounting-745(08)-2385(23)1641x--745--23851641x
    Other-326(03)-1027(10)701x--326--1027701x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q3Q4b(w) pqQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020202020202020
    Sales revenue593551000673981000135593551000673981000135
    Cost of sales-48928-824-51780-768(58)--48928sup2-824--51780-768(58)
    Gross profit10427176156172324981042717615617232498
    Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
    Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
    Other operating incomeexpenses-382-069701x--382-06-9701x
    Operating profit3183547982118x3183547982118x
    Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
    Interest resultOther fin result-432-0769310x--432-07-69310x
    Financial result42307143121x-42307-143121x
    Profit before tax3606619413140x3606619413140x
    Income tax expense-856-14-2320-34x
    Profit after tax2751467093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Sales revenue59355673988042135
    Operating profit before special items318379824799x
    as of sales revenue5411865sup1
    Special itemssup2---x
    Operating profit318379824799x
    as of sales revenue5411865sup1
    Financial result42314311008x
    Profit before tax before special items360694135807x
    as of sales revenue6114079sup1
    Profit before tax360694135807x
    as of sales revenue6114079sup1
    Income tax expense-856-2320(1464)x
    Tax rate in237246(09)sup1
    Profit after tax275170934343x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total financial result42314311008x
    thereof
    Share of prof amp loss of equity-acc invest855738(117)(137)
    Interest result-407-520(113)(278)
    Other financial result-2512131238x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42020202020202020
    EuropeRem markets10821203112361873966196
    North America205239166991510965106
    South America1391497121752753266
    AsiaPacific11481255931111313908251
    Total257528461055939067287133
    Hedges sales revenue--x-35111x
    Volkswagen Group257528461055935567398135
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
    2020202020202020202020202020202020202020
    VW Passenger Cars762939186042389288181087452214235221218
    Audi26633512788167107382924386425188642456
    Skoda2242534493504318261912240288240288
    SEAT1221652294315513711696-20-49-20-49
    Bentley3453765232236647724772
    Porsche Vehicles6684629086045614721974021377402137
    VW Com Vehicles93952436268411511196-27-92-27-92
    Scania Vehicles and Services18252825342827093301198329198329
    MAN Commercial Vehicles33382792337725923154-38-171-38-171
    Power Engineering--89989189989045-33545-335
    Porsche Hold Salzburg1371455876622652665637248135248135
    VW Chinasup110401115
    Other-51-207-5132-110791696318412136sup2935sup2136sup3958sup3
    VW Financial Service10531100439708913447711714771171
    Volkswagen Group before special items3183822731837982
    Special items--245--
    Volkswagen Group25752846593556739859355673983183798231837982
    thereof
    Automotive Division25752846482855680649198578022642675926426759
    of which Passenger Cars25242783418214917942997504552535703925357039
    Commercial Vehicles50635565673653026456115101115101
    Power Engineering Business Area--899891899890-8-381-8-381
    FS Division110701059210158959654112235411223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1227) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q3Q4b(w) prior quarter
    euro million020202020absolute
    Total research and development
    costs34963693(197)(56)
    - as of sales revenuesup1726507sup2
    Capitalized development costs15311991460300
    as of total expense438539101sup2
    +Amortization of capitalized
    development costs11391281(142)(124)
    =Research and development costs
    recognized in the income statement3104298312139
    - as of sales revenuesup1645312sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total3981914(3066)(770)
    Change in inventories1379272(1108)(803)
    Change in receivables-93018282758x
    Change in liabilities2907-2338(5245)x
    Change in other provisions7151195480671
    Change in leasing and rental assets
    (excluding depreciation)23-135(159)x
    Change in financial
    services receivables-11592207x
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    gepruumlft am 03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Gross cash flow5454102164762873
    +Change in working capital4199-344(4542)x
    =Cash flows from operating activities9652987222023
    Cash flows from investing activities-3684-5944(2259)(613)
    thereof
    Invest in property plant and equipment-2096-4224(2128)x
    ndash as of sales revenue5086(36)
    Add to capitalized development costs-1483-1885(402)(271)
    Acquisition and disposal of equity invest-16864231x
    Net cash flow59683929(2040)(342)
    Capital contributions FS divisions CV PE--23(23)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 09-30-202012-31-20202560826847123948
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Gross cash flow6182106354453720
    +Change in working capital3981914(3066)(770)
    =Cash flows from operating activities10162115491387136
    Cash flows from investing activities-3938-6610(2672)(679)
    thereof
    Invest in property plant and equipment-2292-4643(2350)x
    ndash as of sales revenue4782(34)
    Add to capitalized development costs-1531-1991(460)(300)
    Acquisition and disposal of equity invest-184-9292500
    Net cash flow62244939(1285)(206)
    Capital contributions FS divisions--23(23)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 09-30-202012-31-20202484826796194978
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total855738(117)(137)
    thereof
    SAIC-Volkswagen Groupsup1385197(188)(489)
    FAW-Volkswagen456441(15)(34)
    Other Chinese Companiessup297232135x
    Sinotruk (Hong Kong) Ltd863(83)(962)
    There Holding-7-16878
    Rheinmetall M V143x
    Mobility Trader Holding Ltd-127-3790706
    Argo-34-44(10)(281)
    Navistar-10-34(24)x
    Northvoltsup3-15-21(6)(408)
    Elimination of unrealized profit38-57(95)x
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total financial result42314311008x
    Share of prof amp loss of equity-acc invest855738(117)(137)
    Interest result-407-520(113)(278)
    Interest income200157(43)(217)
    Interest expenses-607-677(70)(115)
    Interest result on other liabilitiessup2-285-203(82)(288)
    Result on interest derivativessup228-1543x
    Other financial result-2512131238x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities20-63(83)x
    Net income from equity investments-72-286(214)x
    Net income from securities and fundssup14213997x
    Currency Other derivatives-4313181361x
    thereof Valuation-1589231081x
    thereof Realization115395280x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q3Q4b(w) prior quarterQ3Q4b(w) pq
    Specialitems PYSpecialitems
    euro million20202020absolute20202020absolute
    Total other operating incomeexpenses-38297479x--382-362458841x
    thereof
    Foreign currency influences-18319202x--183-19202x
    Other hedging178455277x-178-455277x
    Futures Commodities---x-----x
    Reversal of provisions114495382x-114-7502389x
    Rental income3636010-36-36010
    Net income from disposalswrite-ups115241x-11-5241x
    Income from cost allocations18225977424-182-25977424
    Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
    Other incomeexpenses-443-863(421)(950)--443-355-509(66)(149)
    thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
    thereof Other expenses-Labour costs from restructuring-22-316(294)x
    thereof gain of contribution AID to Argo-113113x-----x
    Volkswagen Group other operating IncomeExpenses
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million20202020absolute20202020absolute
    Total other operating incomeexpenses-38297479x--382-362458841x
    thereof
    Foreign currency influences-18319202x--183-19202x
    Other hedging178455277x-178-455277x
    Futures Commodities---x-----x
    Reversal of provisions1114495382x-114-7502389x
    Rental income3636010-36-36010
    Net income from disposalswrite-ups115241x-11-5241x
    Income from cost allocations18225977424-182-25977424
    Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
    Other incomeexpenses2-443-863(421)(950)--443-355-509(66)(149)
    thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
    thereof Other expenses-Labour costs from restructuring-22-316(294)x
    thereof gain of contribution AID to Argo---x---113113x
    sup1 Incl special items from diesel issue Q4 euro-7 million
    sup2 Incl special items from diesel issue Q4 euro-355 million
    Volkswagen Group Administrative Expenses
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Total administrative expenses2354218516972
    thereof
    Personnel costs13831413(30)(21)
    Material overhead expenses10071253(246)(245)
    Other administrative expenses-36-481445x
    thereof DepreciationInvest overh exp183221(38)(209)
    Volkswagen Group Distribution Expenses
    Q3Q4b(w) prior quarter
    euro million20202020absolutein
    Total distribution expenses45085547(1039)(231)
    thereof
    Personnel costs12901351(62)(48)
    Sales Expenses12291861(632)(514)
    thereofIncentives16014218111
    Advertising and sales promotion9971701sup2(704)(707)
    Material overhead expenses7451182(437)(587)
    Other distribution costs12441153sup39274
    thereofDeferral of fixed costs in sales orga78-329407x
    DepreciationInvest overhead expenses196290(94)(478)
    Other direct costs of sale354358(4)(10)
    Freight-out packaging-shipping costs456603(148)(324)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q3Q4b(w) prior quarterQ3Q4b(w) pq
    Specialitems PYSpecialitems
    euro million2020in UE2020in UEabsolutein20202020absolute
    Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
    thereof
    Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
    Warranty costs1248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
    Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
    Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
    Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
    Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
    thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
    Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
    Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
    thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
    thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
    thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
    Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
    Other-332x 09 Kosten der Umsatzerloumlse-1033x701x--326-90-943616x
    Volkswagen Group Cost of Sales
    Q3Q4b(w) prior quarterQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020in UE2020in UEabsolutein20202020absolute
    Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
    thereof
    Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
    Warranty costs11248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
    Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
    Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
    Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
    Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
    thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
    Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
    Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
    thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
    thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
    thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
    Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
    Other2-326x 09 Kosten der Umsatzerloumlse-1027x701x--332-90-943611x
    sup1 Incl special items from diesel issue Q4 euro-27 million
    sup2 Incl special items from diesel issue Q4 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q3Q4b(w) pqQ3Q4b(w) pq
    Specialitems PYSpecialitems
    euro million2020202020202020
    Sales revenue593551000673981000135593551000673981000135
    Cost of sales-48928-824-51780-768(58)--48928-824117-51897-770(61)
    Gross profit10427176156172324981042717615500230487
    Distribution expenses-4508-76-5547-82(231)--4508-76--5547-82(231)
    Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
    Other operating incomeexpenses-382-069701x--382-06-36245807x
    Operating profit3183547982118x3183548227122x
    Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
    Interest resultOther fin result-432-0769310x--432-07-69310x
    Financial result42307143121x-42307-143121x
    Profit before tax3606619413140x3606619658143x
    Income tax expense-856-14-2320-34x
    Profit after tax2751467093105x
    Volkswagen Group Income Statement
    Q3Q4b(w) pqQ4b(w) pq
    Specialitems PYSpecialitems
    euro million2020202020202020
    Sales revenue593551000673981000135593551000673981000135
    Cost of sales1-48928-824-51780-768(58)--48928sup2-824117-51897-770(61)
    Gross profit10427176156172324981042717615500230487
    Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
    Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
    Other operating incomeexpenses2-382-069701x--382-06-36245807x
    Operating profit3183547982118x3183548227122x
    Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
    Interest resultOther fin result-432-0769310x--432-07-69310x
    Financial result42307143121x-42307-143121x
    Profit before tax3606619413140x3606619658143x
    Income tax expense-856-14-2320-34x
    Profit after tax2751467093105x
    sup1 Incl special items from diesel issue Q4 euro117 million
    sup2 Incl special items from diesel issue Q4 euro-362 million
    Volkswagen Group Key Financial Figures
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Sales revenue59355673988042135
    Operating profit before special items318382275044x
    as of sales revenue5412268sup1
    Special itemssup2--245(245)x
    Operating profit2318379824799x
    as of sales revenue5411865sup1
    Financial result42314311008x
    Profit before tax before special items360696586051x
    as of sales revenue6114383sup1
    Profit before tax360694135807x
    as of sales revenue6114079sup1
    Income tax expense-856-2320(1464)x
    Tax rate in237246(09)sup1
    Profit after tax275170934343x
    sup1 Percentage points
    sup2 Incl special items from diesel issue Q4 euro-245 million
    Volkswagen Group Key Financial Figures
    Q3Q4b(w) prior quarter
    euro million20202020absolute
    Sales revenue59355673988042135
    Operating profit before special items318382275044x
    as of sales revenue5412268sup1
    Special itemssup2--245(245)x
    Operating profit2318379824799x
    as of sales revenue5411865sup1
    Financial result42314311008x
    Profit before tax before special items360696586051x
    as of sales revenue6114383sup1
    Profit before tax360694135807x
    as of sales revenue6114079sup1
    Income tax expense-856-2320(1464)x
    Tax rate in237246(09)sup1
    Profit after tax275170934343x
    sup1 Percentage points
    sup2 Incl special items from diesel issue Q4 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 3 Quartal 2020
    5 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars92493922960238921013310874-4961218-4961218
    Audi3003351434816710790692431271245612712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items34217982
    Sspecial items--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x--524-97621x
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions41249583203-412-49583203
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528--1828--863965528
    thereof litigation expenses-2066-6631403679--2066--6631403679
    thereof gain of contribution AID to Argo2113111x-2-113111x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
    Gross profit12761193156172322241276119315617232224
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x--524-08-9701x
    Operating profit3421527982118x3421527982118x
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x3718569413140x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items342179824561x
    as of sales revenue5211867sup1
    Special itemssup2---x
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items371894135695x
    as of sales revenue5614083sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    thereof
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Other financial result-17812131391x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42019202020192020
    EuropeRem markets12261203(19)4007439661(10)
    North America21923993104741096547
    South America162149(78)28652753(39)
    AsiaPacific13671255(82)126641390898
    Total29732846(43)660756728718
    Hedges sales revenue--x-60111x
    Volkswagen Group29732846(43)660156739821
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars924939229602389210133108746331423-4961218
    Audi3003351434816710790692431271251812712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items4501822734217982
    Sspecial items-1080-245--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q4Q4b(w) prior year
    euro million020192020absolute
    Total research and development
    costs36093693(84)(23)
    - as of sales revenuesup1656500sup2
    Capitalized development costs15041991488324
    as of total expense417539123sup2
    +Amortization of capitalized
    development costs12571281(24)(19)
    =Research and development costs
    recognized in the income statement33632983380113
    - as of sales revenuesup1615308sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total3039914(2125)(699)
    Change in inventories3354272(3082)(919)
    Change in receivables14261828402282
    Change in liabilities-3360-23381023304
    Change in other provisions13501195(155)(115)
    Change in leasing and rental assets
    (excluding depreciation)-29-135(106)x
    Change in financial
    services receivables29992(207)(692)
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow5908102164308729
    +Change in working capital2761-344(3105)x
    =Cash flows from operating activities867098721203139
    Cash flows from investing activities-6951-59441007145
    thereof
    Invest in property plant and equipment-5344-42241120210
    ndash as of sales revenue1138627
    Add to capitalized development costs-1352-1885(533)(394)
    Acquisition and disposal of equity invest-9864162x
    Net cash flow171839292210x
    Capital contributions FS divisions CV PE14-23(37)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow6774106353861570
    +Change in working capital3039914(2125)(699)
    =Cash flows from operating activities9812115491737177
    Cash flows from investing activities-7590-6610979129
    thereof
    Invest in property plant and equipment-5821-46431178202
    ndash as of sales revenue1058223
    Add to capitalized development costs-1504-1991(488)(324)
    Acquisition and disposal of equity invest-121-9229239
    Net cash flow222349392716x
    Capital contributions FS divisions11-23(34)x
    Acquisitions of shares of minorities0-237(237)x
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total754738(16)(21)
    thereof
    SAIC-Volkswagen Groupsup1558197(361)(647)
    FAW-Volkswagen34744193269
    Other Chinese Companiessup289232143x
    Sinotruk (Hong Kong) Ltd-33x
    There Holding-32-132975
    Rheinmetall M V-65469x
    Mobility Trader Holding Ltd--37(37)x
    Argo--44(44)x
    Navistar9-34(43)x
    Northvoltsup3-7-21(14)x
    Elimination of unrealized profit-178-57121679
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Interest income244157(87)(357)
    Interest expenses-522-677(155)(297)
    Interest result on other liabilitiessup2-185-2031897
    Result on interest derivativessup2-8-157856
    Other financial result-17812131391x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities145-63(208)x
    Net income from equity investments-195-286(91)(469)
    Net income from securities and fundssup1-28139167x
    Currency Other derivatives-7713181394x
    thereof Valuation16923907x
    thereof Realization-92395487x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions4124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo2113111x-----x
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions14124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo---x-2-113111x
    sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
    sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
    Volkswagen Group Administrative Expenses
    Q4Q4b(w) prior year
    euro million20192020absolute
    Total administrative expenses29312185746255
    thereof
    Personnel costs16641413251151
    Material overhead expenses17141253460269
    Other administrative expenses-447-4813476
    thereof DepreciationInvest overh exp209221(12)(58)
    Volkswagen Group Distribution Expenses
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total distribution expenses5885554733857
    thereof
    Personnel costs141113516042
    Sales Expenses24541861593242
    thereofIncentives60142(82)x
    Advertising and sales promotion23391701sup2638273
    Material overhead expenses1284118210380
    Other distribution costs7361153sup3(417)(566)
    thereofDeferral of fixed costs in sales orga-394-329(65)(165)
    DepreciationInvest overhead expenses33529045135
    Other direct costs of sale317358(41)(129)
    Freight-out packaging-shipping costs526603(77)(147)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
    sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
    sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q4Q4b(w) pyQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
    2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special items-1080-245835773
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special itemssup2-1080-245835773
    Operating profit2342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 4 Quartal 2019
    5 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars92493922960238921013310874-4961218-4961218
    Audi3003351434816710790692431271245612712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items34217982
    Sspecial items--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x--524-97621x
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions41249583203-412-49583203
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528--1828--863965528
    thereof litigation expenses-2066-6631403679--2066--6631403679
    thereof gain of contribution AID to Argo2113111x-2-113111x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
    Gross profit12761193156172322241276119315617232224
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x--524-08-9701x
    Operating profit3421527982118x3421527982118x
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x3718569413140x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items342179824561x
    as of sales revenue5211867sup1
    Special itemssup2---x
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items371894135695x
    as of sales revenue5614083sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    thereof
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Other financial result-17812131391x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42019202020192020
    EuropeRem markets12261203(19)4007439661(10)
    North America21923993104741096547
    South America162149(78)28652753(39)
    AsiaPacific13671255(82)126641390898
    Total29732846(43)660756728718
    Hedges sales revenue--x-60111x
    Volkswagen Group29732846(43)660156739821
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars924939229602389210133108746331423-4961218
    Audi3003351434816710790692431271251812712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items4501822734217982
    Sspecial items-1080-245--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q4Q4b(w) prior year
    euro million020192020absolute
    Total research and development
    costs36093693(84)(23)
    - as of sales revenuesup1656500sup2
    Capitalized development costs15041991488324
    as of total expense417539123sup2
    +Amortization of capitalized
    development costs12571281(24)(19)
    =Research and development costs
    recognized in the income statement33632983380113
    - as of sales revenuesup1615308sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total3039914(2125)(699)
    Change in inventories3354272(3082)(919)
    Change in receivables14261828402282
    Change in liabilities-3360-23381023304
    Change in other provisions13501195(155)(115)
    Change in leasing and rental assets
    (excluding depreciation)-29-135(106)x
    Change in financial
    services receivables29992(207)(692)
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow5908102164308729
    +Change in working capital2761-344(3105)x
    =Cash flows from operating activities867098721203139
    Cash flows from investing activities-6951-59441007145
    thereof
    Invest in property plant and equipment-5344-42241120210
    ndash as of sales revenue1138627
    Add to capitalized development costs-1352-1885(533)(394)
    Acquisition and disposal of equity invest-9864162x
    Net cash flow171839292210x
    Capital contributions FS divisions CV PE14-23(37)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow6774106353861570
    +Change in working capital3039914(2125)(699)
    =Cash flows from operating activities9812115491737177
    Cash flows from investing activities-7590-6610979129
    thereof
    Invest in property plant and equipment-5821-46431178202
    ndash as of sales revenue1058223
    Add to capitalized development costs-1504-1991(488)(324)
    Acquisition and disposal of equity invest-121-9229239
    Net cash flow222349392716x
    Capital contributions FS divisions11-23(34)x
    Acquisitions of shares of minorities0-237(237)x
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total754738(16)(21)
    thereof
    SAIC-Volkswagen Groupsup1558197(361)(647)
    FAW-Volkswagen34744193269
    Other Chinese Companiessup289232143x
    Sinotruk (Hong Kong) Ltd-33x
    There Holding-32-132975
    Rheinmetall M V-65469x
    Mobility Trader Holding Ltd--37(37)x
    Argo--44(44)x
    Navistar9-34(43)x
    Northvoltsup3-7-21(14)x
    Elimination of unrealized profit-178-57121679
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Interest income244157(87)(357)
    Interest expenses-522-677(155)(297)
    Interest result on other liabilitiessup2-185-2031897
    Result on interest derivativessup2-8-157856
    Other financial result-17812131391x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities145-63(208)x
    Net income from equity investments-195-286(91)(469)
    Net income from securities and fundssup1-28139167x
    Currency Other derivatives-7713181394x
    thereof Valuation16923907x
    thereof Realization-92395487x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions4124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo2113111x-----x
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions14124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo---x-2-113111x
    sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
    sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
    Volkswagen Group Administrative Expenses
    Q4Q4b(w) prior year
    euro million20192020absolute
    Total administrative expenses29312185746255
    thereof
    Personnel costs16641413251151
    Material overhead expenses17141253460269
    Other administrative expenses-447-4813476
    thereof DepreciationInvest overh exp209221(12)(58)
    Volkswagen Group Distribution Expenses
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total distribution expenses5885554733857
    thereof
    Personnel costs141113516042
    Sales Expenses24541861593242
    thereofIncentives60142(82)x
    Advertising and sales promotion23391701sup2638273
    Material overhead expenses1284118210380
    Other distribution costs7361153sup3(417)(566)
    thereofDeferral of fixed costs in sales orga-394-329(65)(165)
    DepreciationInvest overhead expenses33529045135
    Other direct costs of sale317358(41)(129)
    Freight-out packaging-shipping costs526603(77)(147)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
    sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
    sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q4Q4b(w) pyQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
    2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special items-1080-245835773
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special itemssup2-1080-245835773
    Operating profit2342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 4 Quartal 2019
    5 Lauf
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars92493922960238921013310874-4961218-4961218
    Audi3003351434816710790692431271245612712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items34217982
    Sspecial items--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x--524-97621x
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions41249583203-412-49583203
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528--1828--863965528
    thereof litigation expenses-2066-6631403679--2066--6631403679
    thereof gain of contribution AID to Argo2113111x-2-113111x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
    Gross profit12761193156172322241276119315617232224
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x--524-08-9701x
    Operating profit3421527982118x3421527982118x
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x3718569413140x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items342179824561x
    as of sales revenue5211867sup1
    Special itemssup2---x
    Operating profit342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items371894135695x
    as of sales revenue5614083sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
    Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
    GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
    Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
    Gesamtergebnis000000000000000000
    IB9999000000000000000000
    299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
    299999
    1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
    199999
    11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
    111999
    111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
    111199
    111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
    11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
    111116
    111120-3754885315-37395780190-15307296-672833
    111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
    1111409815593610028960081016513376-21336648-8823322
    1111500000
    111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111299
    111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
    111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
    111399
    1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
    111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
    111330
    1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
    111499
    1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
    111420137540923113126574301244143488026348626348626348657408346940409
    11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
    111440
    111441
    1114700
    111480-52004753-52004753-4224421600
    112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
    112999
    11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
    11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
    1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
    112299
    112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
    112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
    1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
    112399
    112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
    112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
    112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
    112340-308224-308224-74522-74522
    112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
    1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
    113999
    113110-3715883041196644623664126464921121236641269859525291116389111638
    113111-25476475-2547647500-26148
    11311237520988-15549-1554933670378-15549
    113113
    11311443983612862-876414377-92895101638730714774-92895101636034241
    113115-003156411774658361342
    11312000
    113210607924054607924054
    1134103878040459386918703813135211418853421106534361313521141-222846-222846
    1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
    114999
    1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
    114120-38611544010-38611544010
    1141302237691684-110570777549770976-1138822104
    115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
    115999
    11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
    115199
    115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
    115115000000
    11512500000
    1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
    115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
    115299
    1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
    115220000000000000000
    115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
    115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
    115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
    1152607870256721791747162135525223134531464801355252231149970875-2176512
    115270
    1152800000
    115290-187899697-187899697-187899697
    149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
    149999
    1449992803620761328036207613-10613952582
    144999
    1419992406273609324062736093-10890518052
    141999
    1411102406273609124062736091-10890518052
    141115002002
    141150
    141180
    1429993979161649397916164927656547
    142999
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    thereof
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Other financial result-17812131391x
    Key Figures by Market
    acute000 vehicleseuro millionVehicle SalesSales Revenue
    Q42019202020192020
    EuropeRem markets12261203(19)4007439661(10)
    North America21923993104741096547
    South America162149(78)28652753(39)
    AsiaPacific13671255(82)126641390898
    Total29732846(43)660756728718
    Hedges sales revenue--x-60111x
    Volkswagen Group29732846(43)660156739821
    Key Figures by Brand and Business Field
    Vehicle SalesSales RevenueSales toOperating ResultOperating Result
    Third Parties
    acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
    2019202020192020201920202019202020192020
    VW Passenger Cars924939229602389210133108746331423-4961218
    Audi3003351434816710790692431271251812712456
    Skoda2572534995504324021912485288485288
    SEAT1511652667315514271696197-49197-49
    Bentley44786652539366072072
    Porsche Vehicles728473958604632172191010213710102137
    VW Com Vehicles11195271726841062119613-9213-92
    Scania Vehicles and Services25253507342833923301297329297329
    MAN Commercial Vehicles38383488337733043154105-171105-171
    Power Engineering--1124891112389068-33568-335
    Porsche Hold Salzburg1521455945622653535637162135162135
    VW Chinasup112331115
    Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
    VW Financial Service10011100439066913492511719251171
    Volkswagen Group before special items4501822734217982
    Sspecial items-1080-245--
    Volkswagen Group29732846660156739866015673983421798234217982
    thereof
    Automotive Division29732846554425680656499578022435675924356759
    of which Passenger Cars29102783473654917948677504552084703920847039
    Commercial Vehicles63636953673666986456345101345101
    Power Engineering Business Area--112489111238905-3815-381
    FS Division10573105929516959698612239861223
    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
    accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
    sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
    identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
    Research and Development Costs
    Q4Q4b(w) prior year
    euro million020192020absolute
    Total research and development
    costs36093693(84)(23)
    - as of sales revenuesup1656500sup2
    Capitalized development costs15041991488324
    as of total expense417539123sup2
    +Amortization of capitalized
    development costs12571281(24)(19)
    =Research and development costs
    recognized in the income statement33632983380113
    - as of sales revenuesup1615308sup2
    sup1 Automotive Division
    sup2 Percentage points
    Automotive Division Change in Working Capitalsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total3039914(2125)(699)
    Change in inventories3354272(3082)(919)
    Change in receivables14261828402282
    Change in liabilities-3360-23381023304
    Change in other provisions13501195(155)(115)
    Change in leasing and rental assets
    (excluding depreciation)-29-135(106)x
    Change in financial
    services receivables29992(207)(692)
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 AT
    Key Financial Figures Passenger Cars Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow5908102164308729
    +Change in working capital2761-344(3105)x
    =Cash flows from operating activities867098721203139
    Cash flows from investing activities-6951-59441007145
    thereof
    Invest in property plant and equipment-5344-42241120210
    ndash as of sales revenue1138627
    Add to capitalized development costs-1352-1885(533)(394)
    Acquisition and disposal of equity invest-9864162x
    Net cash flow171839292210x
    Capital contributions FS divisions CV PE14-23(37)x
    Acquisitions of shares of minorities--237(237)x
    Net liquidity 12-31-201912-31-202019878268476969351
    sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
    03022021 gepruumlft AT
    Key Financial Figures Automotive Divisionsup1
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Gross cash flow6774106353861570
    +Change in working capital3039914(2125)(699)
    =Cash flows from operating activities9812115491737177
    Cash flows from investing activities-7590-6610979129
    thereof
    Invest in property plant and equipment-5821-46431178202
    ndash as of sales revenue1058223
    Add to capitalized development costs-1504-1991(488)(324)
    Acquisition and disposal of equity invest-121-9229239
    Net cash flow222349392716x
    Capital contributions FS divisions11-23(34)x
    Acquisitions of shares of minorities0-237(237)x
    Net liquidity 12-31-201912-31-202021276267965520259
    sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
    03022021 gepruumlft AT
    Share of the result of equity-accounted investments
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total754738(16)(21)
    thereof
    SAIC-Volkswagen Groupsup1558197(361)(647)
    FAW-Volkswagen34744193269
    Other Chinese Companiessup289232143x
    Sinotruk (Hong Kong) Ltd-33x
    There Holding-32-132975
    Rheinmetall M V-65469x
    Mobility Trader Holding Ltd--37(37)x
    Argo--44(44)x
    Navistar9-34(43)x
    Northvoltsup3-7-21(14)x
    Elimination of unrealized profit-178-57121679
    sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
    sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
    MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
    sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
    Financial Result
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total financial result29714311133x
    Share of prof amp loss of equity-acc invest754738(16)(21)
    Interest result-278-520(242)(871)
    Interest income244157(87)(357)
    Interest expenses-522-677(155)(297)
    Interest result on other liabilitiessup2-185-2031897
    Result on interest derivativessup2-8-157856
    Other financial result-17812131391x
    thereof
    Valuation effects on put options and compensation rights---x
    Exchange rate changes of receivables and liabilities145-63(208)x
    Net income from equity investments-195-286(91)(469)
    Net income from securities and fundssup1-28139167x
    Currency Other derivatives-7713181394x
    thereof Valuation16923907x
    thereof Realization-92395487x
    sup1 Including earnings from sale
    Volkswagen Group other operating IncomeExpenses
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions4124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo2113111x-----x
    Volkswagen Group other operating IncomeExpenses
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million20192020absolute20192020absolute
    Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
    thereof
    Foreign currency influences-291948x--29-1948x
    Other hedging-332455787x--332-455787x
    Futures Commodities---x-----x
    Reversal of provisions14124958320329383-7502119310
    Rental income3636002-36-36002
    Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
    Income from cost allocations334259(75)(224)-334-259(75)(224)
    Valuation allowances on receivables-25-355(330)x--25--355(330)x
    Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
    thereof litigation expenses-2066-6631403679-1404-661-353-310352532
    thereof Other expenses-Labour costs from restructuring-12-316(304)x
    thereof gain of contribution AID to Argo---x-2-113111x
    sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
    sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
    Volkswagen Group Administrative Expenses
    Q4Q4b(w) prior year
    euro million20192020absolute
    Total administrative expenses29312185746255
    thereof
    Personnel costs16641413251151
    Material overhead expenses17141253460269
    Other administrative expenses-447-4813476
    thereof DepreciationInvest overh exp209221(12)(58)
    Volkswagen Group Distribution Expenses
    Q4Q4b(w) prior year
    euro million20192020absolutein
    Total distribution expenses5885554733857
    thereof
    Personnel costs141113516042
    Sales Expenses24541861593242
    thereofIncentives60142(82)x
    Advertising and sales promotion23391701sup2638273
    Material overhead expenses1284118210380
    Other distribution costs7361153sup3(417)(566)
    thereofDeferral of fixed costs in sales orga-394-329(65)(165)
    DepreciationInvest overhead expenses33529045135
    Other direct costs of sale317358(41)(129)
    Freight-out packaging-shipping costs526603(77)(147)
    sup2 incl Loyalty Program euro XXX million
    sup3 incl indirect residual value risks dealer incentives euro XXX million
    Volkswagen Group Cost of Sales
    before special items
    Q4Q4b(w) prior yearQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
    Volkswagen Group Cost of Sales
    Q4Q4b(w) prior yearQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019in UE2020in UEabsolutein20192020absolute
    Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
    thereof
    Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
    Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
    Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
    Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
    Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
    Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
    thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
    Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
    Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
    thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
    thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
    thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
    Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
    Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
    sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
    sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
    Volkswagen Group Income Statement
    before special items
    Q4Q4b(w) pyQ4Q4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    Volkswagen Group Income Statement
    Q4Q4b(w) pyQ4b(w) py
    Specialitems PYSpecialitems
    euro million2019202020192020
    Sales revenue6601510006739810002166015100067398100021
    Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
    Gross profit12761193156172322241246518915500230243
    Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
    Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
    Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
    Operating profit3421527982118x4501688227122828
    Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
    Interest resultOther fin result-456-0769310x--456-07-69310x
    Financial result29705143121x-29705-143121x
    Profit before tax3718569413140x4798739658143x
    Income tax expense-843-13-2320-34x
    Profit after tax2876447093105x
    sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
    2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special itemssup2-1080-245835773
    Operating profit2342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Volkswagen Group Key Financial Figures
    Q4Q4b(w) prior year
    euro million20192020absolute
    Sales revenue6601567398138321
    Operating profit before special items450182273726828
    as of sales revenue6812254sup1
    Special itemssup2-1080-245835773
    Operating profit2342179824561x
    as of sales revenue5211867sup1
    Financial result29714311133x
    Profit before tax before special items479896584860x
    as of sales revenue7314371sup1
    Profit before tax371894135695x
    as of sales revenue5614083sup1
    Income tax expense-843-2320(1477)x
    Tax rate in227246(20)sup1
    Profit after tax287670934217x
    sup1 Percentage points
    sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
    Inhaltsverzeichnis
    01 Deckblatt
    02 Inhaltsverzeichnis
    03 Wesent Finanzzahlen VW
    05 GuV
    09 Kosten der Umsatzerloumlse
    10 Vertriebskosten
    11 Verwaltungskosten
    12 Sonstiges betr Ergebnis
    13 Finanzergebnis lang
    14 At Equity Ergebnis
    20 Cash-Flow Automobile
    21 Cash-Flow Pkw
    22 Working Capital Automobile
    24 F amp E Kosten
    25 Umsatzerloumlse Vorjahresquart
    25 Umsatzerloumlse Vorquartal
    26 Umsatzerloumlse nach Maumlrkten
    29 Finanzergebnis
    Bilanz_GuV_Akt
    Bilanz_GuV_Vgl
    Bilanz 3112
    Cashflow KK GJ
    Cashflow KK Vgl
    Umsatz Dritte GJ
    Umsatz Dritte Vgl
    Umsatz Dritte GJ VQ
    Absatz MG GJ
    Absatz MG Vgl
    Absatz Marken GJ
    Vorstandscharts
    4 Quartal 2020 zu 4 Quartal 2019
    5 Lauf

    Volkswagen Group Key Volume Figures

    2

    Q3 Q4 absolute

    Production 000 vehicles 2445 2793 + 348 + 142- excl Chinese joint ventures 1422 1716 + 293 + 206

    Sales 2575 2846 + 272 + 105- excl Chinese joint ventures 1534 1731 + 196 + 128

    Deliveries to customers 2612 2801 + 189 + 72- excl market China 1542 1612 + 69 + 45

    Inventories 1779 1773 - 6 - 03- excl market China 1116 1165 + 48 + 43

    Employees 000 6642 6626 - 16 - 02- excl Chinese joint ventures 5849 5845 - 04 - 01

    1) At Sept 30 2020 1)

    2020 Change y-o-y

    1)

    1)

    1)

    1)

    Volkswagen Group Key Volume Figures

    3

    2019 2020 absolute

    Production 000 vehicles 2849 2793 - 56 - 20- thereof Chinese joint ventures 1205 1077 - 128 - 106

    Sales 2973 2846 - 127 - 43- thereof Chinese joint ventures 1233 1115 - 118 - 96

    Deliveries to customers 2970 2801 - 170 - 57- thereof market China 1279 1189 - 90 - 70

    Inventories 2171 1773 - 398 - 183- thereof market China 714 609 - 106 - 148

    Employees 000 6712 6626 - 86 - 13- thereof Chinese joint ventures 813 781 - 32 - 40

    1) Updated to reflect subsequent statistical trends 1)2) At Dec 31 2019 2) 12)

    Q4 Change y-o-y

    2)

    2)

    1)

    1)

    12)

    12)

    Volkswagen Group Key Volume Figures

    4

    2019 2020 absolute

    Production 000 vehicles 2553 2445 - 108 - 42- thereof Chinese joint ventures 979 1023 + 44 + 45

    Sales 2645 2575 - 70 - 26- thereof Chinese joint ventures 1026 1040 + 14 + 14

    Deliveries to customers 2640 2612 - 28 - 11- thereof market China 1039 1069 + 31 + 30

    Inventories 2279 1779 - 500 - 219- thereof market China 741 663 - 78 - 105

    Employees 000 6718 6642 - 76 - 11- thereof Chinese joint ventures 817 793 - 24 - 30

    1) Updated to reflect subsequent statistical trends 1)2) At Sept 30 2019 2) 12)

    Q3 Change y-o-y

    2)

    2)

    1)

    1)

    12)

    12)

    Volkswagen Group Key Financial Figures

    5

    Q4 Q4

    euro million 2019 2020 absolute

    Sales revenue 66015 67398 1383 21

    Operating profit 3421 7982 4561 x

    as of sales revenue 52 118 67 sup1

    Financial result 297 1431 1133 x

    Profit before tax 3718 9413 5695 x

    as of sales revenue 56 140 83 sup1

    Income tax expense -843 -2320 (1477) x

    Tax rate in 227 246 (20) sup1

    Profit after tax 2876 7093 4217 x

    sup1 Percentage points

    b(w) prior year

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    VS 05

    2019 euro-1080 million 2020 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    2019 euro-296 million 2020 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    2019 euro-1376 million 2020 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorjahresq SE

    VS 25

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorjahresquart

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    Volkswagen Group Key Financial Figures

    6

    Q4 Q4

    euro million 2019 2020 absolute

    Sales revenue 66015 67398 1383 21

    Operating profit before special items 4501 8227 3726 828

    as of sales revenue 68 122 54 sup1

    Special items -1080 -245 835 773

    Operating profit 3421 7982 4561 x

    as of sales revenue 52 118 67 sup1

    Financial result 297 1431 1133 x

    Profit before tax before special items 4798 9658 4860 x

    as of sales revenue 73 143 71 sup1

    Profit before tax 3718 9413 5695 x

    sup1 Percentage points

    b(w) prior year

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    VS 05

    2019 euro-1080 million 2020 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    2019 euro-296 million 2020 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    2019 euro-1376 million 2020 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorjahresq SE

    VS 25

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorjahresquart

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    Volkswagen Group Income Statement

    7

    Q4 Q4 b(w) py

    euro million 2019 2020

    Sales revenue 66015 1000 67398 1000 21

    Cost of sales -53254 -807 -51780 -768 28

    Gross profit 12761 193 15617 232 224

    Distribution expenses -5885 -89 -5547 -82 57

    Administrative expenses -2931 -44 -2185 -32 255

    Other operating incomeexpenses -524 -08 97 01 x

    Operating profit 3421 52 7982 118 x

    Share of profloss of equ-acc invest 754 11 738 11 (21)

    Interest resultOther fin result -456 -07 693 10 x

    Financial result 297 05 1431 21 x

    Profit before tax 3718 56 9413 140 x

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    VS 05

    2019 euro-1080 million 2020 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    2019 euro-296 million 2020 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    2019 euro-1376 million 2020 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorjahresq SE

    VS 25

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorjahresquart

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    Volkswagen Group Income Statement

    8

    Q3 Q4 b(w) pq

    euro million 2020 2020

    Sales revenue 59355 1000 67398 1000 135

    Cost of sales -48928 -824 -51780 -768 (58)

    Gross profit 10427 176 15617 232 498

    Distribution expenses -4508 -76 -5547 -82 (231)

    Administrative expenses -2354 -40 -2185 -32 72

    Other operating incomeexpenses -382 -06 97 01 x

    Operating profit 3183 54 7982 118 x

    Share of profloss of equ-acc invest 855 14 738 11 (137)

    Interest resultOther fin result -432 -07 693 10 x

    Financial result 423 07 1431 21 x

    Profit before tax 3606 61 9413 140 x

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    Q4 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    Q4 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    Q4 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorquartal SE

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorquartal

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    Volkswagen Group Income Statement

    9

    Q1 Q2 b(w) py

    euro million 2020 2020

    Sales revenue 55054 1000 41076 1000 (254)

    Cost of sales -45824 -832 -37404 -911 184

    Gross profit 9231 168 3672 89 (602)

    Distribution expenses -4472 -81 -3880 -94 132

    Administrative expenses -2445 -44 -2415 -59 12

    Other operating incomeexpenses -1409 -26 229 06 x

    Operating profit 904 16 -2394 -58 x

    Share of profloss of equ-acc invest 129 02 1035 25 x

    Interest resultOther fin result -351 -06 -675 -16 (923)

    Financial result -222 -04 360 09 x

    Profit before tax 682 12 -2034 -50 x

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    Q2 euro-687 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    Q2 euro46 million

    09 Kosten der Umsatzerloumlse SE2

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    Q2 euro-641 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 20

    VS 20

    VS 20

    VS 20

    VS 20

    VS 21

    VS 20

    VS 21

    22 Working Capital Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    VS 20

    VS 22

    VS 20

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorquartal SE

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorquartal

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3emf

    image4png

    Volkswagen Group Income Statement

    10

    b(w) py

    euro million 2019 2020

    Sales revenue 252632 1000 222884 1000 (118)

    Cost of sales -203490 -805 -183937 -825 96

    Gross profit 49142 195 38947 175 (207)

    Distribution expenses -20978 -83 -18407 -83 123

    Administrative expenses -9767 -39 -9399 -42 38

    Other operating incomeexpenses -1437 -06 -1466 -07 (20)

    Operating profit 16960 67 9675 43 (430)

    Share of profloss of equ-acc invest 3349 13 2756 12 (177)

    Interest resultOther fin result -1953 -08 -765 -03 608

    Financial result 1396 06 1991 09 426

    Profit before tax 18356 73 11667 52 (364)

    January - December

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    VS 03

    04 Wesent Finanzzahlen VW per

    VS 04

    VS 04

    VS 04

    VS 04

    VS 04

    05 GuV SE

    VS 05

    VS 05

    VS 05

    VS 05

    2019 euro-2336 million 2020 euro-931 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    VS 05

    06 GuV per

    VS 06

    VS 06

    VS 06

    VS 06

    VS 06

    07 GuV KB

    VS 07

    VS 07

    VS 07

    VS 07

    VS 07

    08 GuV KB 1

    VS 08

    VS 08

    VS 08

    VS 08

    VS 08

    09 Kosten der Umsatzerloumlse SE

    VS 09

    VS 09

    VS 09

    VS 09

    2019 euro-296 million 2020 euro-71 million

    09 Kosten der Umsatzerloumlse SE2

    VS 09

    VS 09

    VS 09

    VS 09

    10 Vertriebskosten

    VS 10

    VS 10

    VS 10

    VS 10

    VS 10

    11 Verwaltungskosten

    VS 11

    VS 11

    VS 11

    VS 11

    VS 11

    12 Sonstiges betr Ergebni SE

    VS 12

    VS 12

    VS 12

    VS 12

    2019 euro-2632 million 2020 euro-1002 million

    12 Sonstiges betr Ergebni SE2

    VS 12

    VS 12

    VS 12

    VS 12

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    VS 14

    VS 14

    VS 14

    VS 14

    VS 14

    15 Bilanz VW

    VS 15

    VS 15

    VS 15

    VS 15

    VS 15

    16 Aktiva KB

    VS 16

    VS 16

    VS 16

    VS 16

    VS 16

    17 Passiva KB

    VS 17

    VS 17

    VS 17

    VS 17

    VS 17

    18 Aktiva KB 1

    VS 18

    VS 18

    VS 18

    VS 18

    VS 18

    19 Passiva KB 1

    VS 19

    VS 19

    VS 19

    VS 19

    VS 19

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    VS 22

    23 Vorraumlte

    VS 23

    VS 23

    VS 23

    VS 23

    VS 23

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse SE

    VS 25

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    27 Erg aus at Equity bew Ant

    VS 27

    VS 27

    VS 27

    VS 27

    VS 27

    28 Dividendenbeschluumlsse GU

    VS 28

    VS 28

    VS 28

    VS 28

    VS 28

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    VS 09

    VS 09

    VS 09

    VS 09

    VS 09

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    12 Sonstiges betr Ergebnis

    VS 12

    VS 12

    VS 12

    VS 12

    VS 12

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    image1wmf

    image2emf

    image3emf

    Key Figures by Brand and Business Field (Q4)

    11

    acute000 vehicleseuro million Q4 Q4 Q4 Q4 Q4 Q4 Q4 Q42019 2020 2019 2020 2019 2020 2019 2020

    VW Passenger Cars 924 939 22960 23892 10133 10874 -496 1218Audi 300 335 14348 16710 7906 9243 1271 2456Skoda 257 253 4995 5043 2402 1912 485 288SEAT 151 165 2667 3155 1427 1696 197 -49Bentley 4 4 786 652 539 366 0 72Porsche Vehicles 72 84 7395 8604 6321 7219 1010 2137VW Com Vehicles 111 95 2717 2684 1062 1196 13 -92Scania Vehicles and Services 25 25 3507 3428 3392 3301 297 329MAN Commercial Vehicles 38 38 3488 3377 3304 3154 105 -171Power Engineering - - 1124 891 1123 890 68 -335VW Chinasup1 1233 1115Other -142 -207 -7983 -11079 19339 18412 -455 sup2 958 sup2VW Financial Service 10011 10043 9066 9134 925 1171Volkswagen Group 2973 2846 66015 67398 66015 67398 3421 7982thereofAutomotive Division 2973 2846 55442 56806 56499 57802 2435 6759of which Passenger Cars 2910 2783 47365 49179 48677 50455 2084 7039

    Commercial Vehicles 63 63 6953 6736 6698 6456 345 101 Power Engineering - - 1124 891 1123 890 5 -381

    FS Division 10573 10592 9516 9596 986 1223

    sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) millionsup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche

    Vehicle Sales Sales Revenue Sales to Operating ResultThird Parties

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    VS 05

    2019 euro-1080 million 2020 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    2019 euro-296 million 2020 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    2019 euro-1376 million 2020 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorjahresq SE

    VS 25

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorjahresquart

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    Key Figures by Market

    12

    acute000 vehicleseuro million

    Q4 2019 2020 2019 2020

    EuropeRem markets 1226 1203 (19) 40074 39661 (10)

    North America 219 239 93 10474 10965 47

    South America 162 149 (78) 2865 2753 (39)

    AsiaPacific 1367 1255 (82) 12664 13908 98

    Total 2973 2846 (43) 66075 67287 18

    Hedges sales revenue - - x -60 111 x

    Volkswagen Group 2973 2846 (43) 66015 67398 21

    Vehicle Sales Sales Revenue

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    VS 05

    2019 euro-1080 million 2020 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    2019 euro-296 million 2020 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    2019 euro-1376 million 2020 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorjahresq SE

    VS 25

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorjahresquart

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    Automotive Division Key Financial Figures

    13

    Q4 Q4

    euro million 2019 2020 absolute in

    Gross cash flow 6774 10635 3861 570 + Change in working capital 3039 914 (2125) (699)= Cash flows from operating activities 9812 11549 1737 177

    Cash flows from investing activities -7590 -6610 979 129 thereof

    Invest in property plant and equipment -5821 -4643 1178 202 ndash as of sales revenue 105 82 23 Add to capitalized development costs -1504 -1991 (488) (324)Acquisition and disposal of equity invest -121 -92 29 239

    Net cash flow 2223 4939 2716 x

    Capital contributions FS divisions 11 -23 (34) x

    Acquisitions of shares of minorities 0 -237 (237) x

    Net liquidity 12-31-201912-31-2020 21276 26796 5520 259 sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions

    b(w) prior year

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    VS 05

    2019 euro-1080 million 2020 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    2019 euro-296 million 2020 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    2019 euro-1376 million 2020 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorjahresq SE

    VS 25

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorjahresquart

    VS 25

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    Automotive Division Key Financial Figures

    14

    Q3 Q4

    euro million 2020 2020 absolute in

    Gross cash flow 6182 10635 4453 720 + Change in working capital 3981 914 (3066) (770)= Cash flows from operating activities 10162 11549 1387 136

    Cash flows from investing activities -3938 -6610 (2672) (679)thereof

    Invest in property plant and equipment -2292 -4643 (2350) xndash as of sales revenue 47 82 (34)Add to capitalized development costs -1531 -1991 (460) (300)Acquisition and disposal of equity invest -184 -92 92 500

    Net cash flow 6224 4939 (1285) (206)

    Capital contributions FS divisions - -23 (23) x

    Acquisitions of shares of minorities - -237 (237) x

    Net liquidity 09-30-202012-31-2020 24848 26796 1949 78 Net liquidity 12-31-201912-31-2020 21276 26796 5520 259 sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions

    b(w) prior quarter

    01 Deckblatt

    VS 01

    VS 01

    VS 01

    VS 01

    02 Inhaltsverzeichnis

    VS 02

    VS 02

    VS 02

    VS 02

    03 Wesent Finanzzahlen VW SE

    VS 03

    VS 03

    VS 03

    03 Wesent Finanzzahlen VW SE2

    VS 03

    VS 03

    VS 03

    05 GuV SE

    VS 05

    VS 05

    VS 05

    Q4 euro-245 million

    05 GuV SE2

    VS 05

    VS 05

    VS 05

    09 Kosten der Umsatzerloumlse SE

    Q4 euro-117 million

    09 Kosten der Umsatzerloumlse SE2

    10 Vertriebskosten

    11 Verwaltungskosten

    12 Sonstiges betr Ergebni SE

    Q4 euro-362 million

    12 Sonstiges betr Ergebni SE2

    13 Finanzergebnis lang

    VS 13

    VS 13

    VS 13

    VS 13

    14 At Equity Ergebnis

    20 Cash-Flow Automobile

    VS 20

    VS 20

    VS 20

    21 Cash-Flow Pkw

    VS 21

    VS 21

    VS 21

    22 Working Capital Automobile

    VS 22

    VS 22

    VS 22

    VS 22

    24 F amp E Kosten

    VS 24

    VS 24

    VS 24

    VS 24

    25 Umsatzerloumlse Vorquartal SE

    VS 25

    VS 25

    VS 25

    26 Umsatzerloumlse nach Maumlrkten

    VS 26

    VS 26

    VS 26

    VS 26

    29 Finanzergebnis

    VS 29

    VS 29

    VS 29

    VS 29

    Bilanz_GuV_Akt

    03 Wesent Finanzzahlen VW

    VS 03

    VS 03

    VS 03

    VS 03

    05 GuV

    VS 05

    VS 05

    VS 05

    VS 05

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    09 Kosten der Umsatzerloumlse

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    12 Sonstiges betr Ergebnis

    2019 x Mio euro 2020 x Mio euro 2019 eurox million 2020 eurox million

    25 Umsatzerloumlse Vorquartal

    VS 25

    VS 25

    VS 25

    VS 25

    image1wmf

    image2emf

    image3png

    • Volkswagen Group Key Volume Figures
    • Volkswagen Group Key Volume Figures
    • Volkswagen Group Key Volume Figures
    • Volkswagen Group Key Volume Figures
    • Volkswagen Group Key Financial Figures
    • Volkswagen Group Key Financial Figures
    • Volkswagen Group Income Statement
    • Volkswagen Group Income Statement
    • Volkswagen Group Income Statement
    • Volkswagen Group Income Statement
    • Key Figures by Brand and Business Field (Q4)
    • Key Figures by Market
    • Automotive Division Key Financial Figures
    • Automotive Division Key Financial Figures
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
      2020202020202020202020202020202020202020
      VW Passenger Cars762939186042389288181087452212185221218
      Audi26633512788167107382924386424568642456
      Skoda2242534493504318261912240288240288
      SEAT1221652294315513711696-20-49-20-49
      Bentley3453765232236647724772
      Porsche Vehicles6684629086045614721974021377402137
      VW Com Vehicles93952436268411511196-27-92-27-92
      Scania Vehicles and Services18252825342827093301198329198329
      MAN Commercial Vehicles33382792337725923154-38-171-38-171
      Power Engineering--89989189989045-33545-335
      Porsche Hold Salzburg1371455876622652665637248135248135
      VW Chinasup110401115
      Other-51-207-5132-110791696318412136sup2958sup2136sup3958sup3
      VW Financial Service10531100439708913447711714771171
      Volkswagen Group before special items3183798231837982
      Special items----
      Volkswagen Group25752846593556739859355673983183798231837982
      thereof
      Automotive Division25752846482855680649198578022642675926426759
      of which Passenger Cars25242783418214917942997504552535703925357039
      Commercial Vehicles50635565673653026456115101115101
      Power Engineering Business Area--899891899890-8-381-8-381
      FS Division110701059210158959654112235411223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million20202020absolute20202020absolute
      Total other operating incomeexpenses-38297479x--382-97479x
      thereof
      Foreign currency influences-18319202x--183-19202x
      Other hedging178455277x-178-455277x
      Futures Commodities---x-----x
      Reversal of provisions114495382x-114-495382x
      Rental income3636010-36-36010
      Net income from disposalswrite-ups115241x-11-5241x
      Income from cost allocations18225977424-182-25977424
      Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
      Other incomeexpenses-443-863(421)(950)--443--863(421)(950)
      thereof litigation expenses-159-663(504)x--159--663(504)x
      thereof gain of contribution AID to Argo-113113x---113113x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020in UE2020in UEabsolutein20202020absolute
      Total cost of sales4892849951780495(2852)(58)-48928-51780(2852)(58)
      thereof
      Direct material and cost of goods purchased2642026930529292(4109)(156)-26420-30529(4109)(156)
      Warranty costs124813165216(404)(324)-1248-1652(404)(324)
      Personnel expenses686870749772(628)(91)-6868-7497(628)(91)
      Deferral of fixed costs24703-1376(13)1622x-247--13761622x
      Material overhead expenses372738579255(2065)(554)-3727-5792(2065)(554)
      Investment overhead expenses406741449343(426)(105)-4067-4493(426)(105)
      thereofDepreciation390640423340(328)(84)-3906-4233(328)(84)
      Capitalized own research development costs-1516(15)-1912(18)396261--1516--1912396261
      Cost of sales from Financial Services89389185188142047-8938-851842047
      thereofResidual values vehicles operate lease490450440442501102-4904-4404501102
      thereofInterest expenses FS business5310554105(9)(18)-531-541(9)(18)
      thereofDepreciations on rental asset241125251724(106)(44)-2411-2517(106)(44)
      Services Accounting-745(08)-2385(23)1641x--745--23851641x
      Other-326(03)-1027(10)701x--326--1027701x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q3Q4b(w) pqQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020202020202020
      Sales revenue593551000673981000135593551000673981000135
      Cost of sales-48928-824-51780-768(58)--48928sup2-824--51780-768(58)
      Gross profit10427176156172324981042717615617232498
      Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
      Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
      Other operating incomeexpenses-382-069701x--382-06-9701x
      Operating profit3183547982118x3183547982118x
      Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
      Interest resultOther fin result-432-0769310x--432-07-69310x
      Financial result42307143121x-42307-143121x
      Profit before tax3606619413140x3606619413140x
      Income tax expense-856-14-2320-34x
      Profit after tax2751467093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Sales revenue59355673988042135
      Operating profit before special items318379824799x
      as of sales revenue5411865sup1
      Special itemssup2---x
      Operating profit318379824799x
      as of sales revenue5411865sup1
      Financial result42314311008x
      Profit before tax before special items360694135807x
      as of sales revenue6114079sup1
      Profit before tax360694135807x
      as of sales revenue6114079sup1
      Income tax expense-856-2320(1464)x
      Tax rate in237246(09)sup1
      Profit after tax275170934343x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total financial result42314311008x
      thereof
      Share of prof amp loss of equity-acc invest855738(117)(137)
      Interest result-407-520(113)(278)
      Other financial result-2512131238x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42020202020202020
      EuropeRem markets10821203112361873966196
      North America205239166991510965106
      South America1391497121752753266
      AsiaPacific11481255931111313908251
      Total257528461055939067287133
      Hedges sales revenue--x-35111x
      Volkswagen Group257528461055935567398135
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
      2020202020202020202020202020202020202020
      VW Passenger Cars762939186042389288181087452214235221218
      Audi26633512788167107382924386425188642456
      Skoda2242534493504318261912240288240288
      SEAT1221652294315513711696-20-49-20-49
      Bentley3453765232236647724772
      Porsche Vehicles6684629086045614721974021377402137
      VW Com Vehicles93952436268411511196-27-92-27-92
      Scania Vehicles and Services18252825342827093301198329198329
      MAN Commercial Vehicles33382792337725923154-38-171-38-171
      Power Engineering--89989189989045-33545-335
      Porsche Hold Salzburg1371455876622652665637248135248135
      VW Chinasup110401115
      Other-51-207-5132-110791696318412136sup2935sup2136sup3958sup3
      VW Financial Service10531100439708913447711714771171
      Volkswagen Group before special items3183822731837982
      Special items--245--
      Volkswagen Group25752846593556739859355673983183798231837982
      thereof
      Automotive Division25752846482855680649198578022642675926426759
      of which Passenger Cars25242783418214917942997504552535703925357039
      Commercial Vehicles50635565673653026456115101115101
      Power Engineering Business Area--899891899890-8-381-8-381
      FS Division110701059210158959654112235411223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1227) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q3Q4b(w) prior quarter
      euro million020202020absolute
      Total research and development
      costs34963693(197)(56)
      - as of sales revenuesup1726507sup2
      Capitalized development costs15311991460300
      as of total expense438539101sup2
      +Amortization of capitalized
      development costs11391281(142)(124)
      =Research and development costs
      recognized in the income statement3104298312139
      - as of sales revenuesup1645312sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total3981914(3066)(770)
      Change in inventories1379272(1108)(803)
      Change in receivables-93018282758x
      Change in liabilities2907-2338(5245)x
      Change in other provisions7151195480671
      Change in leasing and rental assets
      (excluding depreciation)23-135(159)x
      Change in financial
      services receivables-11592207x
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      gepruumlft am 03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Gross cash flow5454102164762873
      +Change in working capital4199-344(4542)x
      =Cash flows from operating activities9652987222023
      Cash flows from investing activities-3684-5944(2259)(613)
      thereof
      Invest in property plant and equipment-2096-4224(2128)x
      ndash as of sales revenue5086(36)
      Add to capitalized development costs-1483-1885(402)(271)
      Acquisition and disposal of equity invest-16864231x
      Net cash flow59683929(2040)(342)
      Capital contributions FS divisions CV PE--23(23)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 09-30-202012-31-20202560826847123948
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Gross cash flow6182106354453720
      +Change in working capital3981914(3066)(770)
      =Cash flows from operating activities10162115491387136
      Cash flows from investing activities-3938-6610(2672)(679)
      thereof
      Invest in property plant and equipment-2292-4643(2350)x
      ndash as of sales revenue4782(34)
      Add to capitalized development costs-1531-1991(460)(300)
      Acquisition and disposal of equity invest-184-9292500
      Net cash flow62244939(1285)(206)
      Capital contributions FS divisions--23(23)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 09-30-202012-31-20202484826796194978
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total855738(117)(137)
      thereof
      SAIC-Volkswagen Groupsup1385197(188)(489)
      FAW-Volkswagen456441(15)(34)
      Other Chinese Companiessup297232135x
      Sinotruk (Hong Kong) Ltd863(83)(962)
      There Holding-7-16878
      Rheinmetall M V143x
      Mobility Trader Holding Ltd-127-3790706
      Argo-34-44(10)(281)
      Navistar-10-34(24)x
      Northvoltsup3-15-21(6)(408)
      Elimination of unrealized profit38-57(95)x
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total financial result42314311008x
      Share of prof amp loss of equity-acc invest855738(117)(137)
      Interest result-407-520(113)(278)
      Interest income200157(43)(217)
      Interest expenses-607-677(70)(115)
      Interest result on other liabilitiessup2-285-203(82)(288)
      Result on interest derivativessup228-1543x
      Other financial result-2512131238x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities20-63(83)x
      Net income from equity investments-72-286(214)x
      Net income from securities and fundssup14213997x
      Currency Other derivatives-4313181361x
      thereof Valuation-1589231081x
      thereof Realization115395280x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q3Q4b(w) prior quarterQ3Q4b(w) pq
      Specialitems PYSpecialitems
      euro million20202020absolute20202020absolute
      Total other operating incomeexpenses-38297479x--382-362458841x
      thereof
      Foreign currency influences-18319202x--183-19202x
      Other hedging178455277x-178-455277x
      Futures Commodities---x-----x
      Reversal of provisions114495382x-114-7502389x
      Rental income3636010-36-36010
      Net income from disposalswrite-ups115241x-11-5241x
      Income from cost allocations18225977424-182-25977424
      Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
      Other incomeexpenses-443-863(421)(950)--443-355-509(66)(149)
      thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
      thereof Other expenses-Labour costs from restructuring-22-316(294)x
      thereof gain of contribution AID to Argo-113113x-----x
      Volkswagen Group other operating IncomeExpenses
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million20202020absolute20202020absolute
      Total other operating incomeexpenses-38297479x--382-362458841x
      thereof
      Foreign currency influences-18319202x--183-19202x
      Other hedging178455277x-178-455277x
      Futures Commodities---x-----x
      Reversal of provisions1114495382x-114-7502389x
      Rental income3636010-36-36010
      Net income from disposalswrite-ups115241x-11-5241x
      Income from cost allocations18225977424-182-25977424
      Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
      Other incomeexpenses2-443-863(421)(950)--443-355-509(66)(149)
      thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
      thereof Other expenses-Labour costs from restructuring-22-316(294)x
      thereof gain of contribution AID to Argo---x---113113x
      sup1 Incl special items from diesel issue Q4 euro-7 million
      sup2 Incl special items from diesel issue Q4 euro-355 million
      Volkswagen Group Administrative Expenses
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Total administrative expenses2354218516972
      thereof
      Personnel costs13831413(30)(21)
      Material overhead expenses10071253(246)(245)
      Other administrative expenses-36-481445x
      thereof DepreciationInvest overh exp183221(38)(209)
      Volkswagen Group Distribution Expenses
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total distribution expenses45085547(1039)(231)
      thereof
      Personnel costs12901351(62)(48)
      Sales Expenses12291861(632)(514)
      thereofIncentives16014218111
      Advertising and sales promotion9971701sup2(704)(707)
      Material overhead expenses7451182(437)(587)
      Other distribution costs12441153sup39274
      thereofDeferral of fixed costs in sales orga78-329407x
      DepreciationInvest overhead expenses196290(94)(478)
      Other direct costs of sale354358(4)(10)
      Freight-out packaging-shipping costs456603(148)(324)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q3Q4b(w) prior quarterQ3Q4b(w) pq
      Specialitems PYSpecialitems
      euro million2020in UE2020in UEabsolutein20202020absolute
      Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
      thereof
      Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
      Warranty costs1248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
      Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
      Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
      Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
      Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
      thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
      Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
      Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
      thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
      thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
      thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
      Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
      Other-332x 09 Kosten der Umsatzerloumlse-1033x701x--326-90-943616x
      Volkswagen Group Cost of Sales
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020in UE2020in UEabsolutein20202020absolute
      Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
      thereof
      Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
      Warranty costs11248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
      Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
      Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
      Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
      Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
      thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
      Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
      Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
      thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
      thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
      thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
      Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
      Other2-326x 09 Kosten der Umsatzerloumlse-1027x701x--332-90-943611x
      sup1 Incl special items from diesel issue Q4 euro-27 million
      sup2 Incl special items from diesel issue Q4 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q3Q4b(w) pqQ3Q4b(w) pq
      Specialitems PYSpecialitems
      euro million2020202020202020
      Sales revenue593551000673981000135593551000673981000135
      Cost of sales-48928-824-51780-768(58)--48928-824117-51897-770(61)
      Gross profit10427176156172324981042717615500230487
      Distribution expenses-4508-76-5547-82(231)--4508-76--5547-82(231)
      Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
      Other operating incomeexpenses-382-069701x--382-06-36245807x
      Operating profit3183547982118x3183548227122x
      Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
      Interest resultOther fin result-432-0769310x--432-07-69310x
      Financial result42307143121x-42307-143121x
      Profit before tax3606619413140x3606619658143x
      Income tax expense-856-14-2320-34x
      Profit after tax2751467093105x
      Volkswagen Group Income Statement
      Q3Q4b(w) pqQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020202020202020
      Sales revenue593551000673981000135593551000673981000135
      Cost of sales1-48928-824-51780-768(58)--48928sup2-824117-51897-770(61)
      Gross profit10427176156172324981042717615500230487
      Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
      Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
      Other operating incomeexpenses2-382-069701x--382-06-36245807x
      Operating profit3183547982118x3183548227122x
      Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
      Interest resultOther fin result-432-0769310x--432-07-69310x
      Financial result42307143121x-42307-143121x
      Profit before tax3606619413140x3606619658143x
      Income tax expense-856-14-2320-34x
      Profit after tax2751467093105x
      sup1 Incl special items from diesel issue Q4 euro117 million
      sup2 Incl special items from diesel issue Q4 euro-362 million
      Volkswagen Group Key Financial Figures
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Sales revenue59355673988042135
      Operating profit before special items318382275044x
      as of sales revenue5412268sup1
      Special itemssup2--245(245)x
      Operating profit2318379824799x
      as of sales revenue5411865sup1
      Financial result42314311008x
      Profit before tax before special items360696586051x
      as of sales revenue6114383sup1
      Profit before tax360694135807x
      as of sales revenue6114079sup1
      Income tax expense-856-2320(1464)x
      Tax rate in237246(09)sup1
      Profit after tax275170934343x
      sup1 Percentage points
      sup2 Incl special items from diesel issue Q4 euro-245 million
      Volkswagen Group Key Financial Figures
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Sales revenue59355673988042135
      Operating profit before special items318382275044x
      as of sales revenue5412268sup1
      Special itemssup2--245(245)x
      Operating profit2318379824799x
      as of sales revenue5411865sup1
      Financial result42314311008x
      Profit before tax before special items360696586051x
      as of sales revenue6114383sup1
      Profit before tax360694135807x
      as of sales revenue6114079sup1
      Income tax expense-856-2320(1464)x
      Tax rate in237246(09)sup1
      Profit after tax275170934343x
      sup1 Percentage points
      sup2 Incl special items from diesel issue Q4 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 3 Quartal 2020
      5 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars92493922960238921013310874-4961218-4961218
      Audi3003351434816710790692431271245612712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items34217982
      Sspecial items--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x--524-97621x
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions41249583203-412-49583203
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528--1828--863965528
      thereof litigation expenses-2066-6631403679--2066--6631403679
      thereof gain of contribution AID to Argo2113111x-2-113111x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
      Gross profit12761193156172322241276119315617232224
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x--524-08-9701x
      Operating profit3421527982118x3421527982118x
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x3718569413140x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items342179824561x
      as of sales revenue5211867sup1
      Special itemssup2---x
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items371894135695x
      as of sales revenue5614083sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      thereof
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Other financial result-17812131391x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42019202020192020
      EuropeRem markets12261203(19)4007439661(10)
      North America21923993104741096547
      South America162149(78)28652753(39)
      AsiaPacific13671255(82)126641390898
      Total29732846(43)660756728718
      Hedges sales revenue--x-60111x
      Volkswagen Group29732846(43)660156739821
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars924939229602389210133108746331423-4961218
      Audi3003351434816710790692431271251812712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items4501822734217982
      Sspecial items-1080-245--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q4Q4b(w) prior year
      euro million020192020absolute
      Total research and development
      costs36093693(84)(23)
      - as of sales revenuesup1656500sup2
      Capitalized development costs15041991488324
      as of total expense417539123sup2
      +Amortization of capitalized
      development costs12571281(24)(19)
      =Research and development costs
      recognized in the income statement33632983380113
      - as of sales revenuesup1615308sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total3039914(2125)(699)
      Change in inventories3354272(3082)(919)
      Change in receivables14261828402282
      Change in liabilities-3360-23381023304
      Change in other provisions13501195(155)(115)
      Change in leasing and rental assets
      (excluding depreciation)-29-135(106)x
      Change in financial
      services receivables29992(207)(692)
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow5908102164308729
      +Change in working capital2761-344(3105)x
      =Cash flows from operating activities867098721203139
      Cash flows from investing activities-6951-59441007145
      thereof
      Invest in property plant and equipment-5344-42241120210
      ndash as of sales revenue1138627
      Add to capitalized development costs-1352-1885(533)(394)
      Acquisition and disposal of equity invest-9864162x
      Net cash flow171839292210x
      Capital contributions FS divisions CV PE14-23(37)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow6774106353861570
      +Change in working capital3039914(2125)(699)
      =Cash flows from operating activities9812115491737177
      Cash flows from investing activities-7590-6610979129
      thereof
      Invest in property plant and equipment-5821-46431178202
      ndash as of sales revenue1058223
      Add to capitalized development costs-1504-1991(488)(324)
      Acquisition and disposal of equity invest-121-9229239
      Net cash flow222349392716x
      Capital contributions FS divisions11-23(34)x
      Acquisitions of shares of minorities0-237(237)x
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total754738(16)(21)
      thereof
      SAIC-Volkswagen Groupsup1558197(361)(647)
      FAW-Volkswagen34744193269
      Other Chinese Companiessup289232143x
      Sinotruk (Hong Kong) Ltd-33x
      There Holding-32-132975
      Rheinmetall M V-65469x
      Mobility Trader Holding Ltd--37(37)x
      Argo--44(44)x
      Navistar9-34(43)x
      Northvoltsup3-7-21(14)x
      Elimination of unrealized profit-178-57121679
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Interest income244157(87)(357)
      Interest expenses-522-677(155)(297)
      Interest result on other liabilitiessup2-185-2031897
      Result on interest derivativessup2-8-157856
      Other financial result-17812131391x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities145-63(208)x
      Net income from equity investments-195-286(91)(469)
      Net income from securities and fundssup1-28139167x
      Currency Other derivatives-7713181394x
      thereof Valuation16923907x
      thereof Realization-92395487x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions4124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo2113111x-----x
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions14124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo---x-2-113111x
      sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
      sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
      Volkswagen Group Administrative Expenses
      Q4Q4b(w) prior year
      euro million20192020absolute
      Total administrative expenses29312185746255
      thereof
      Personnel costs16641413251151
      Material overhead expenses17141253460269
      Other administrative expenses-447-4813476
      thereof DepreciationInvest overh exp209221(12)(58)
      Volkswagen Group Distribution Expenses
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total distribution expenses5885554733857
      thereof
      Personnel costs141113516042
      Sales Expenses24541861593242
      thereofIncentives60142(82)x
      Advertising and sales promotion23391701sup2638273
      Material overhead expenses1284118210380
      Other distribution costs7361153sup3(417)(566)
      thereofDeferral of fixed costs in sales orga-394-329(65)(165)
      DepreciationInvest overhead expenses33529045135
      Other direct costs of sale317358(41)(129)
      Freight-out packaging-shipping costs526603(77)(147)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
      sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
      sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q4Q4b(w) pyQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
      2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special items-1080-245835773
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special itemssup2-1080-245835773
      Operating profit2342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 4 Quartal 2019
      5 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars92493922960238921013310874-4961218-4961218
      Audi3003351434816710790692431271245612712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items34217982
      Sspecial items--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x--524-97621x
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions41249583203-412-49583203
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528--1828--863965528
      thereof litigation expenses-2066-6631403679--2066--6631403679
      thereof gain of contribution AID to Argo2113111x-2-113111x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
      Gross profit12761193156172322241276119315617232224
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x--524-08-9701x
      Operating profit3421527982118x3421527982118x
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x3718569413140x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items342179824561x
      as of sales revenue5211867sup1
      Special itemssup2---x
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items371894135695x
      as of sales revenue5614083sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      thereof
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Other financial result-17812131391x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42019202020192020
      EuropeRem markets12261203(19)4007439661(10)
      North America21923993104741096547
      South America162149(78)28652753(39)
      AsiaPacific13671255(82)126641390898
      Total29732846(43)660756728718
      Hedges sales revenue--x-60111x
      Volkswagen Group29732846(43)660156739821
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars924939229602389210133108746331423-4961218
      Audi3003351434816710790692431271251812712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items4501822734217982
      Sspecial items-1080-245--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q4Q4b(w) prior year
      euro million020192020absolute
      Total research and development
      costs36093693(84)(23)
      - as of sales revenuesup1656500sup2
      Capitalized development costs15041991488324
      as of total expense417539123sup2
      +Amortization of capitalized
      development costs12571281(24)(19)
      =Research and development costs
      recognized in the income statement33632983380113
      - as of sales revenuesup1615308sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total3039914(2125)(699)
      Change in inventories3354272(3082)(919)
      Change in receivables14261828402282
      Change in liabilities-3360-23381023304
      Change in other provisions13501195(155)(115)
      Change in leasing and rental assets
      (excluding depreciation)-29-135(106)x
      Change in financial
      services receivables29992(207)(692)
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow5908102164308729
      +Change in working capital2761-344(3105)x
      =Cash flows from operating activities867098721203139
      Cash flows from investing activities-6951-59441007145
      thereof
      Invest in property plant and equipment-5344-42241120210
      ndash as of sales revenue1138627
      Add to capitalized development costs-1352-1885(533)(394)
      Acquisition and disposal of equity invest-9864162x
      Net cash flow171839292210x
      Capital contributions FS divisions CV PE14-23(37)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow6774106353861570
      +Change in working capital3039914(2125)(699)
      =Cash flows from operating activities9812115491737177
      Cash flows from investing activities-7590-6610979129
      thereof
      Invest in property plant and equipment-5821-46431178202
      ndash as of sales revenue1058223
      Add to capitalized development costs-1504-1991(488)(324)
      Acquisition and disposal of equity invest-121-9229239
      Net cash flow222349392716x
      Capital contributions FS divisions11-23(34)x
      Acquisitions of shares of minorities0-237(237)x
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total754738(16)(21)
      thereof
      SAIC-Volkswagen Groupsup1558197(361)(647)
      FAW-Volkswagen34744193269
      Other Chinese Companiessup289232143x
      Sinotruk (Hong Kong) Ltd-33x
      There Holding-32-132975
      Rheinmetall M V-65469x
      Mobility Trader Holding Ltd--37(37)x
      Argo--44(44)x
      Navistar9-34(43)x
      Northvoltsup3-7-21(14)x
      Elimination of unrealized profit-178-57121679
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Interest income244157(87)(357)
      Interest expenses-522-677(155)(297)
      Interest result on other liabilitiessup2-185-2031897
      Result on interest derivativessup2-8-157856
      Other financial result-17812131391x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities145-63(208)x
      Net income from equity investments-195-286(91)(469)
      Net income from securities and fundssup1-28139167x
      Currency Other derivatives-7713181394x
      thereof Valuation16923907x
      thereof Realization-92395487x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions4124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo2113111x-----x
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions14124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo---x-2-113111x
      sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
      sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
      Volkswagen Group Administrative Expenses
      Q4Q4b(w) prior year
      euro million20192020absolute
      Total administrative expenses29312185746255
      thereof
      Personnel costs16641413251151
      Material overhead expenses17141253460269
      Other administrative expenses-447-4813476
      thereof DepreciationInvest overh exp209221(12)(58)
      Volkswagen Group Distribution Expenses
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total distribution expenses5885554733857
      thereof
      Personnel costs141113516042
      Sales Expenses24541861593242
      thereofIncentives60142(82)x
      Advertising and sales promotion23391701sup2638273
      Material overhead expenses1284118210380
      Other distribution costs7361153sup3(417)(566)
      thereofDeferral of fixed costs in sales orga-394-329(65)(165)
      DepreciationInvest overhead expenses33529045135
      Other direct costs of sale317358(41)(129)
      Freight-out packaging-shipping costs526603(77)(147)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
      sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
      sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q4Q4b(w) pyQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
      2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special items-1080-245835773
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special itemssup2-1080-245835773
      Operating profit2342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 4 Quartal 2019
      5 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars92493922960238921013310874-4961218-4961218
      Audi3003351434816710790692431271245612712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items34217982
      Sspecial items--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x--524-97621x
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions41249583203-412-49583203
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528--1828--863965528
      thereof litigation expenses-2066-6631403679--2066--6631403679
      thereof gain of contribution AID to Argo2113111x-2-113111x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
      Gross profit12761193156172322241276119315617232224
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x--524-08-9701x
      Operating profit3421527982118x3421527982118x
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x3718569413140x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items342179824561x
      as of sales revenue5211867sup1
      Special itemssup2---x
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items371894135695x
      as of sales revenue5614083sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      thereof
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Other financial result-17812131391x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42019202020192020
      EuropeRem markets12261203(19)4007439661(10)
      North America21923993104741096547
      South America162149(78)28652753(39)
      AsiaPacific13671255(82)126641390898
      Total29732846(43)660756728718
      Hedges sales revenue--x-60111x
      Volkswagen Group29732846(43)660156739821
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars924939229602389210133108746331423-4961218
      Audi3003351434816710790692431271251812712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items4501822734217982
      Sspecial items-1080-245--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q4Q4b(w) prior year
      euro million020192020absolute
      Total research and development
      costs36093693(84)(23)
      - as of sales revenuesup1656500sup2
      Capitalized development costs15041991488324
      as of total expense417539123sup2
      +Amortization of capitalized
      development costs12571281(24)(19)
      =Research and development costs
      recognized in the income statement33632983380113
      - as of sales revenuesup1615308sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total3039914(2125)(699)
      Change in inventories3354272(3082)(919)
      Change in receivables14261828402282
      Change in liabilities-3360-23381023304
      Change in other provisions13501195(155)(115)
      Change in leasing and rental assets
      (excluding depreciation)-29-135(106)x
      Change in financial
      services receivables29992(207)(692)
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow5908102164308729
      +Change in working capital2761-344(3105)x
      =Cash flows from operating activities867098721203139
      Cash flows from investing activities-6951-59441007145
      thereof
      Invest in property plant and equipment-5344-42241120210
      ndash as of sales revenue1138627
      Add to capitalized development costs-1352-1885(533)(394)
      Acquisition and disposal of equity invest-9864162x
      Net cash flow171839292210x
      Capital contributions FS divisions CV PE14-23(37)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow6774106353861570
      +Change in working capital3039914(2125)(699)
      =Cash flows from operating activities9812115491737177
      Cash flows from investing activities-7590-6610979129
      thereof
      Invest in property plant and equipment-5821-46431178202
      ndash as of sales revenue1058223
      Add to capitalized development costs-1504-1991(488)(324)
      Acquisition and disposal of equity invest-121-9229239
      Net cash flow222349392716x
      Capital contributions FS divisions11-23(34)x
      Acquisitions of shares of minorities0-237(237)x
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total754738(16)(21)
      thereof
      SAIC-Volkswagen Groupsup1558197(361)(647)
      FAW-Volkswagen34744193269
      Other Chinese Companiessup289232143x
      Sinotruk (Hong Kong) Ltd-33x
      There Holding-32-132975
      Rheinmetall M V-65469x
      Mobility Trader Holding Ltd--37(37)x
      Argo--44(44)x
      Navistar9-34(43)x
      Northvoltsup3-7-21(14)x
      Elimination of unrealized profit-178-57121679
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Interest income244157(87)(357)
      Interest expenses-522-677(155)(297)
      Interest result on other liabilitiessup2-185-2031897
      Result on interest derivativessup2-8-157856
      Other financial result-17812131391x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities145-63(208)x
      Net income from equity investments-195-286(91)(469)
      Net income from securities and fundssup1-28139167x
      Currency Other derivatives-7713181394x
      thereof Valuation16923907x
      thereof Realization-92395487x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions4124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo2113111x-----x
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions14124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo---x-2-113111x
      sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
      sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
      Volkswagen Group Administrative Expenses
      Q4Q4b(w) prior year
      euro million20192020absolute
      Total administrative expenses29312185746255
      thereof
      Personnel costs16641413251151
      Material overhead expenses17141253460269
      Other administrative expenses-447-4813476
      thereof DepreciationInvest overh exp209221(12)(58)
      Volkswagen Group Distribution Expenses
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total distribution expenses5885554733857
      thereof
      Personnel costs141113516042
      Sales Expenses24541861593242
      thereofIncentives60142(82)x
      Advertising and sales promotion23391701sup2638273
      Material overhead expenses1284118210380
      Other distribution costs7361153sup3(417)(566)
      thereofDeferral of fixed costs in sales orga-394-329(65)(165)
      DepreciationInvest overhead expenses33529045135
      Other direct costs of sale317358(41)(129)
      Freight-out packaging-shipping costs526603(77)(147)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
      sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
      sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q4Q4b(w) pyQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
      2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special items-1080-245835773
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special itemssup2-1080-245835773
      Operating profit2342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 4 Quartal 2019
      5 Lauf
      Volkswagen Group other operating IncomeExpenses
      January - Decemberb(w) prior yearJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolut
      Total other operating incomeexpenses-1437-1466(29)(20)--1437--1466(29)(20)
      thereof
      Foreign currency influences23-383(406)x-23--383(406)x
      Other hedging-155-9758373--155--9758373
      Futures Commodities---x-----x
      Reversal of provisions9691086117121-969-1086117121
      Rental income161145(16)(100)-161-145(16)(100)
      Net income from disposalswrite-ups106387(976)(918)-1063-87(976)(918)
      Income from cost allocations920609(311)(338)-920-609(311)(338)
      Valuation allowances on receivables-618-1284(667)x--618--1284(667)x
      Other incomeexpenses-3800-16282172572--3800--16282172572
      thereof litigation expenses-3715-18871828492--3715--18871828492
      thereof Other expenses-Labour costs from restructuring-54-391(337)x
      thereof gain of contribution AID to Argo-833833x-2-946944x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionJan - DecJan - DecJan - DecJan - DecJan - Dec
      2019202020192020201920202019202020192020
      VW Passenger Cars36772835884077107642062320461934-3311934-331
      Audi12001017556804997332402283604509256945092569
      Skoda106284919806170818912703116607561660756
      SEAT66748411496919864095189445-339445-339
      Bentley1211209220491515132665206520
      Porsche Vehicles277265260602608623145229013675402136754021
      VW Com Vehicles45634511473935851584371510-454510-454
      Scania Vehicles and Services101731393411521134271105215067481506748
      MAN Commercial Vehicles14311812663108381197110058402-631402-631
      Power Engineering--3997364039953638159-268159-268
      Porsche Hold Salzburg58850522161215412062819211651475651475
      VW Chinasup140483577
      Other-685-418-30931-265736902361484-867sup2782sup2-867sup3782sup3
      VW Financial Service379573863734614354272960280329602803
      Volkswagen Group before special items169609675169609675
      Sspecial items----
      Volkswagen Group109569157252632222884252632222884169609675169609675
      thereof
      Automotive Division109569157212473182106216187185661137486664137486664
      of which Passenger Cars107138965182031156311186791160909121887224121887224
      Commercial Vehicles243191264442215625401211141653-791653-79
      Power Engineering Business Area--3997364039953638-93-482-93-482
      FS Division401604077836446372233212301232123012
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group Cost of Sales
      January - Decemberb(w) prior yearJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales2034908051839378251955496-203490-1839371955496
      thereof
      Direct material and cost of goods purchased1132824489802344015260135-113282-9802315260135
      Warranty costs601724518723831138-6017-5187831138
      Personnel expenses31470125278891253582114-31470-278893582114
      Deferral of fixed costs-0(00)000(0)x--0-0(0)x
      Material overhead expenses17135681587271126374-17135-15872126374
      Investment overhead expenses15757621639774(640)(41)-15757-16397(640)(41)
      thereofDepreciation15004591570670(702)(47)-15004-15706(702)(47)
      Capitalized own research development costs-5108(20)-6348(28)1240243--5108--63481240243
      Cost of sales from Financial Services3230812832813147(505)(16)-32308-32813(505)(16)
      thereofResidual values vehicles operate lease16287641647974(192)(12)-16287-16479(192)(12)
      thereofInterest expenses FS business270511230310402149-2705-2303402149
      thereofDepreciations on rental asset918536997645(791)(86)-9185-9976(791)(86)
      Services Accounting-5366(21)-4266(19)(1101)(205)--5366--4266(1101)(205)
      Other-2005(08)-1629(07)(376)(188)--2005--1629(376)(188)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      January - Decemberb(w) pyJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue25263210002228841000(118)25263210002228841000(118)
      Cost of sales-203490-805-183937-82596--203490sup2-805--183937-82596
      Gross profit4914219538947175(207)4914219538947175(207)
      Distribution expenses-20978-83-18407-83123--20978sup3-83--18407-83123
      Administrative expenses-9767-39-9399-4238--9767-39--9399-4238
      Other operating incomeexpenses-1437-06-1466-07(20)--1437-06--1466-07(20)
      Operating profit1696067967543(430)1696067967543(430)
      Share of profloss of equ-acc invest334913275612(177)-334913-275612(177)
      Interest resultOther fin result-1953-08-765-03608--1953-08--765-03608
      Financial result139606199109426-139606-199109426
      Profit before tax18356731166752(364)18356731166752(364)
      Income tax expense-4326-17-2843-13343
      Profit after tax1402956882440(371)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      January - Decemberb(w) prior year
      euro million20192020absolute
      Sales revenue252632222884(29749)(118)
      Operating profit before special items169609675(7284)(430)
      as of sales revenue6743(24)sup1
      Special itemssup2---x
      Operating profit169609675(7284)(430)
      as of sales revenue6743(24)sup1
      Financial result13961991595426
      Profit before tax before special items1835611667(6689)(364)
      as of sales revenue7352(20)sup1
      Profit before tax1835611667(6689)(364)
      as of sales revenue7352(20)sup1
      Income tax expense-4326-28431484343
      Tax rate in236244(08)sup1
      Profit after tax140298824(5205)(371)
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Financial Result
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Total financial result13961991595426
      thereof
      Share of prof amp loss of equity-acc invest33492756(592)(177)
      Interest result-1614-149811672
      Other financial result-3397331072x
      Dividend decisions of joint venturessup1
      January - Decemberb(w) prior year
      euro million20192020absolutein
      FAW-Volkswagen13931368(25)(18)
      SAIC-Volkswagen18081284(525)(290)
      SAIC-Volkswagen Sales Company153149(4)(24)
      Shanghai VW Powertrain11564(52)(447)
      VW Pon Financial Services BV1212-00
      IAV---x
      PZ Auto doo---x
      VW FAW Engine22927950219
      VW-FAW Platform Company5-(5)x
      VW Transmission (Shanghai)---x
      Cummis-Scania XPI Manufacturing LLC---x
      Oppland Tungbilservice AS00(0)(48)
      Tynset Diesel AS Tynset00061
      Total37153155(560)(151)
      thereof received37143155(559)(150)
      thereof outstanding2-(2)x
      sup1 The changes of the equity investment carrying amounts are represented due to the dividend decisions
      gepruumlft
      CZ 08022021
      Share of the result of equity-accounted investments ndash China
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Total33492756(592)(177)
      thereof
      SAIC-Volkswagen Groupsup11670993(677)(405)
      less Elimination of unrealized profit for inventories1110(1)(60)
      less Elimination of unrealized profit for one-time licences-109-2881739
      SAIC-Volkswagen Group (Group Level)1571975(597)(380)
      FAW-Volkswagen (Separate Financial Statement)13641525161118
      less Elimination of unrealized profit for inventories38-20(58)x
      less Elimination of unrealized profit for one-time licences-160-7189556
      FAW-Volkswagen (Group Level)12421434192155
      Other Chinese Companiessup2364464100275
      thereof
      Volkswagen FAW Engine Co Ltd291295414
      Shanghai VW Powertrain6251(11)(172)
      Volkswagen (Anhui) Automotive (former JAC VW Automotive)-7171x
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive Co Ldt
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      gepruumlft
      CZ 08022021
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      January - December2019202020192020
      EuropeRem markets48563929(191)153999133499(133)
      North America956744(221)4335136810(151)
      South America607471(224)112978632(236)
      AsiaPacific45384012(116)439744428807
      Total109569157(164)252622223229(116)
      Hedges sales revenue--x11-345x
      Volkswagen Group109569157(164)252632222884(118)
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionJan - DecJan - DecJan - DecJan - DecJan - Dec
      2019202020192020201920202019202020192020
      VW Passenger Cars367728358840771076420623204637854541934-331
      Audi12001017556804997332402283604509273945092569
      Skoda106284919806170818912703116607561660756
      SEAT66748411496919864095189445-339445-339
      Bentley1211209220491515132665206520
      Porsche Vehicles277265260602608623145229014210402136754021
      VW Com Vehicles45634511473935851584371510-454510-454
      Scania Vehicles and Services101731393411521134271105215067481506748
      MAN Commercial Vehicles14311812663108381197110058402-631402-631
      Power Engineering--3997364039953638159-268159-268
      Porsche Hold Salzburg58850522161215412062819211651475651475
      VW Chinasup140483577
      Other-685-418-30931-265736902361484-917sup2759sup2-867sup3782sup3
      VW Financial Service379573863734614354272960280329602803
      Volkswagen Group before special items1929610607169609675
      Special items-2336-931--
      Volkswagen Group109569157252632222884252632222884169609675169609675
      thereof
      Automotive Division109569157212473182106216187185661137486664137486664
      of which Passenger Cars107138965182031156311186791160909121887224121887224
      Commercial Vehicles243191264442215625401211141653-791653-79
      Power Engineering Business Area--3997364039953638-93-482-93-482
      FS Division401604077836446372233212301232123012
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 3602 (4425) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      January - Decemberb(w) prior year
      euro million020192020absolute
      Total research and development
      costs143061388542129
      - as of sales revenuesup16776(09)sup2
      Capitalized development costs517164731302252
      as of total expense361466105sup2
      +Amortization of capitalized
      development costs40644644(580)(143)
      =Research and development costs
      recognized in the income statement1319912056114387
      - as of sales revenuesup16266(04)sup2
      sup1 Automotive Division
      sup2 Percentage points
      Inventories
      12-31-12-31-b(w) prior year
      euro million20192020absolutein
      Total4674243823291962
      Raw materials and supplies60996966(867)(142)
      WorkService in progress411040228821
      Finished goods and products30617272043413111
      Rental and leasing business5699533736264
      Payments on account for inventories222288(66)(295)
      Hedges on inventories-66(12)x
      Automotive Division Change in Working Capitalsup1
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Total16361079(558)(341)
      Change in inventories-34514061751x
      Change in receivables-1176451221x
      Change in liabilities1564-138(1702)x
      Change in other provisions1400-214(1614)x
      Change in leasing and rental assets
      (excluding depreciation)-11052161x
      Change in financial
      services receivables303-72(375)x
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Key Financial Figures Passenger Cars Divisionsup1
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Gross cash flow2547421823(3651)(143)
      +Change in working capital3053331(2722)(891)
      =Cash flows from operating activities2852822154(6373)(223)
      Cash flows from investing activities-20254-167623492172
      thereof
      Invest in property plant and equipment-12860-99472914227
      ndash as of sales revenue716407
      Add to capitalized development costs-4661-6135(1474)(316)
      Acquisition and disposal of equity invest-2692-9991693629
      Net cash flow82735392(2881)(348)
      ContributionsRedemptions from hybrid capital-29842984x
      Capital contributions FS divisions CV PE-971-87884911
      Acquisitions of shares of minorities--237(237)x
      IPO TRATON1387-(1387)x
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Gross cash flow2909723642(5455)(187)
      +Change in working capital16361079(558)(341)
      =Cash flows from operating activities3073324721(6012)(196)
      Cash flows from investing activities-19898-18364153477
      thereof
      Invest in property plant and equipment-14007-110652942210
      ndash as of sales revenue666105
      Add to capitalized development costs-5171-6473(1302)(252)
      Acquisition and disposal of equity invest-716-1188(472)(659)
      Net cash flow108356357(4478)(413)
      ContributionsRedemptions from hybrid capital-29842984x
      Capital contributions FS divisions-970-33938966
      Acquisitions of shares of minorities-1109-235874788
      IPO TRATON1387-(1387)x
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Balance Sheet by Division - Equity and Liabilities
      Passenger Carssup1Comm VehPE
      12-31-12-31-12-31-12-31-12-31-12-31-
      euro million201920202019202020192020
      Equity7577381423141151338928851922
      Attributable to shareh7487980590138081311928481918
      Noncontrolling interests895834307270374
      Equity attributable to hybrid capital owner of VW AG1266315713----
      Equity attributable to shareholders of VW AG7487980590138081311928481918
      Noncurrent liabilities78679822631136710592777668
      Noncurrent fin liabilities162511426911801226160141
      Other nonc liabilities3937572272036246435328
      Provisions for pensions387534225717591817119133
      Other nonc provisions1973820015122413036366
      Current liabilities4739449731130811205227462057
      Current fin liabilities-10522-549524602502749186
      Trade payables164951615624532753655630
      Other current liabilities188121839172945819686699
      Other current provisions2258320679873978311541
      Held for Sale26---344-
      Total equity and liabilities201846213417385633603364084647
      sup1 Passenger Cars = Automotive Division Commercial Vehicles Power Engineering
      Balance Sheet by Division - Assets
      Passenger Carssup1Comm VehPE
      12-31-12-31-12-31-12-31-12-31-12-31-
      euro million201920202019202020192020
      Noncurrent assets126387130237251432477722061847
      Intangible assets5681358823790779691290990
      Property plant amp equip572145491370327131797763
      Leasing and rental assets-5025-4968710664803-
      Equity accounted invest62328129111811353429
      FS receivables-397-38174--
      Other1155013721197320598265
      Current assets7545983180134201125642022800
      Inventories35509333134948432914411413
      FS receivables-643-56033--
      Receivables and other financial assets13190126943438317811741140
      Marketable securities103681539831782105--
      Cash cash equivalents170192233418531641807247
      Held for Sale16---779-
      Total assets201846213417385633603364084647
      sup1 Passenger Cars = Automotive Division Commercial Vehicles Power Engineering
      Balance Sheet by Division - Equity and Liabilities
      VW GroupAutomotivesup1Financial Services
      12-31-12-31-12-31-12-31-12-31-12-31-
      euro million201920202019202020192020
      Equity12365112878392774967333087732050
      Attributable to shareh12178112704991535956263024631423
      Noncontrolling interests1870173412391107631627
      Equity attributable to hybrid capital owner of VW AG12663157131266315713--
      Equity attributable to shareholders of VW AG12178112704991535956263024631423
      Noncurrent liabilities1964972029219082293523105675109398
      Noncurrent fin liabilities11355611480917592156379596599173
      Other nonc liabilities1976920344115751229581948048
      Provisions for pensions41389450814063144207759874
      Other nonc provisions217832268821025213847571304
      Current liabilities1679241654106322063840104703101569
      Current fin liabilities8791288648-7312-28069522491454
      Trade payables2274522677196031953931423137
      Other current liabilities3246231122267922490956696212
      Other current provisions24434229642376622198668766
      Held for Sale370-370---
      Total equity and liabilities488071497114246816254097241255243017
      sup1 Automotive Division = Volkswagen Group Financial Services
      Balance Sheet by Division - Assets
      VW GroupAutomotivesup1Financial Services
      12-31-12-31-12-31-12-31-12-31-12-31-
      euro million201920202019202020192020
      Noncurrent assets300608302170153736156861146873145309
      Intangible assets66214679686601067781204187
      Property plant amp equip6615263884650436280711101077
      Leasing and rental assets4893850686208415124685349174
      Equity accounted invest81691008073859294784786
      FS receivables8697382565-390-3778736382942
      Other241622698713605158441055811143
      Current assets18746319494493081972369438297708
      Inventories4674243823418983905548444768
      FS receivables5861558006-640-5575925558562
      Receivables and other financial assets386203804417803170122081721033
      Marketable securities1676921162135461750332233658
      Cash cash equivalents2592333909196792422262439687
      Held for Sale795-795---
      Total assets488071497114246816254097241255243017
      sup1 Automotive Division = Volkswagen Group Financial Services
      Volkswagen Group Balance Sheet
      Assets12-31-12-31-12-31-12-31-Equity and Liabilities12-31-12-31-12-31-12-31-
      euro million20192020Specialitems2020euro million20192020Specialitems2020
      Noncurrent assets300608302170302170Equity123651128783128783
      Intangible assets6621467968-67968Attributable to shareh121781127049-127049
      Property plant amp equip6615263884-63884Noncontrolling interests18701734-1734
      Leasing and rental assets4893850686-50686Noncurrent liabilities196497202921202921
      Equity accounted invest816910080-10080Noncurrent fin liabilities113556114809-114809
      FS receivables8697382565-82565Other nonc liabilities1976920344-20344
      Other2416226987-26987Provisions for pensions4138945081-45081
      Current assets187463194944194944Other nonc provisions2178322688-22688
      Inventories4674243823-43823Current liabilities167924165410165410
      FS receivables5861558006-58006Current fin liabilities8791288648-88648
      Receivables and otherfinancial assets38620--Trade payables2274522677-22677
      38044-38044Other current liabilities3246231122-31122
      Marketable securities1676921162-21162Other current provisions2443422964-22964
      Cash cash equivalents2592333909-33909Held for Sale370--589999
      Held for Sale795-795-
      Total assets488071497114497114Total equity and liabilities488071497114497114
      Share of the result of equity-accounted investments
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Total33492756(592)(177)
      thereof
      SAIC-Volkswagen Groupsup11670993(677)(405)
      FAW-Volkswagen13641525161118
      Other Chinese Companiessup2362462100276
      Sinotruk (Hong Kong) Ltd156117(39)(250)
      There Holding-11761178x
      Rheinmetall M V5222(30)(576)
      Mobility Trader Holding Ltd--164(164)x
      Argo--96(96)x
      Navistar8-66(75)x
      NorthVoltsup3-7-45(37)x
      Elimination of unrealized profit-219-108111507
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      gepruumlft
      CZ 08022021
      Financial Result
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Total financial result13961991595426
      Share of prof amp loss of equity-acc invest33492756(592)(177)
      Interest result-1614-149811672
      Interest income910793(117)(129)
      Interest expenses-2524-229123392
      Interest result on other liabilitiessup2-1117-769(348)(311)
      Result on interest derivativessup20-1919x
      Other financial result-3397331072x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities152-635(787)x
      Net income from equity investments-250-423(173)(691)
      Net income from securities and fundssup127-230(257)x
      Currency Other derivatives-24019502190x
      thereof Valuation-16413181481x
      thereof Realization-77632709x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      January - Decemberb(w) prior yearJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolut
      Total other operating incomeexpenses-1437-1466(29)(20)-26321195-1002-464(1659)x
      thereof
      Foreign currency influences23-383(406)x-23--383(406)x
      Other hedging-155-9758373--155--9758373
      Futures Commodities---x-----x
      Reversal of provisions9691086117121299418610005963
      Rental income161145(16)(100)-161-145(16)(100)
      Net income from disposalswrite-ups106387(976)(918)-1063-87(976)(918)
      Income from cost allocations920609(311)(338)-920-609(311)(338)
      Valuation allowances on receivables-618-1284(667)x--618--1284(667)x
      Other incomeexpenses-3800-16282172572-2661-1139-1088-539600527
      thereof litigation expenses-3715-18871828492-2661-1055-1086-801254241
      thereof Other expenses-Labour costs from restructuring-54-391(337)x
      thereof gain of contribution AID to Argo2946944x---833833x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group other operating IncomeExpenses
      January - Decemberb(w) prior yearJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolut
      Total other operating incomeexpenses-1437-1466(29)(20)-26321195-1002-464(1659)x
      thereof
      Foreign currency influences23-383(406)x-23--383(406)x
      Other hedging-155-9758373--155--9758373
      Futures Commodities---x-----x
      Reversal of provisions19691086117121299418610005963
      Rental income161145(16)(100)-161-145(16)(100)
      Net income from disposalswrite-ups106387(976)(918)-1063-87(976)(918)
      Income from cost allocations920609(311)(338)-920-609(311)(338)
      Valuation allowances on receivables-618-1284(667)x--618--1284(667)x
      Other incomeexpenses2-3800-16282172572-2661-1139-1088-539600527
      thereof litigation expenses-3715-18871828492-2661-1055-1086-801254241
      thereof Other expenses-Labour costs from restructuring-54-391(337)x
      thereof gain of contribution AID to Argo-833833x-2-946944x
      sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro86 million
      sup2 Incl special items from diesel issue 2019 euro-2661 million 2020 euro-1088 million
      Volkswagen Group Administrative Expenses
      January - Decemberb(w) prior year
      euro million20192020absolute
      Total administrative expenses9767939936838
      thereof
      Personnel costs5828568614224
      Material overhead expenses4648421443493
      Other administrative expenses-708-501(207)(293)
      thereof DepreciationInvest overh exp719775(57)(79)
      Volkswagen Group Distribution Expenses
      January - Decemberb(w) prior year
      euro million20192020absolutein
      Total distribution expenses20978184072571123
      thereof
      Personnel costs5565527029553
      Sales Expenses706452441820258
      thereofIncentives63456866104
      Advertising and sales promotion62074509sup21698274
      Material overhead expenses39413320621158
      Other distribution costs44084573sup3(165)(37)
      thereofDeferral of fixed costs in sales orga-0-0(0)(893)
      DepreciationInvest overhead expenses699881(182)(260)
      Other direct costs of sale141313833021
      Freight-out packaging-shipping costs20801795285137
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      January - Decemberb(w) prior yearJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales2034908051839378251955496-296203786711840081977997
      thereof
      Direct material and cost of goods purchased1132824489802344015260135-113282-9802315260135
      Warranty costs60172451872383113886010725114895149
      Personnel expenses31470125278891253582114-31470-278893582114
      Deferral of fixed costs-0(00)000(0)x--0-0(0)x
      Material overhead expenses17135681587271126374-17135-15872126374
      Investment overhead expenses15757621639774(640)(41)-15757-16397(640)(41)
      thereofDepreciation15004591570670(702)(47)-15004-15706(702)(47)
      Capitalized own research development costs-5108(20)-6348(28)1240243--5108--63481240243
      Cost of sales from Financial Services3230812832813147(505)(16)-32308-32813(505)(16)
      thereofResidual values vehicles operate lease16287641647974(192)(12)-16287-16479(192)(12)
      thereofInterest expenses FS business270511230310402149-2705-2303402149
      thereofDepreciations on rental asset918536997645(791)(86)-9185-9976(791)(86)
      Services Accounting-5366(21)-4266(19)(1101)(205)--5366--4266(1101)(205)
      Other-2005(08)-1629(07)(376)(188)-303-1702-143-1486(216)(127)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      January - Decemberb(w) prior yearJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales2034908051839378251955496-296203786711838661992198
      thereof
      Direct material and cost of goods purchased1132824489802344015260135-113282-9802315260135
      Warranty costs160172451872383113886010725114895149
      Personnel expenses31470125278891253582114-31470-278893582114
      Deferral of fixed costs-0(00)000(0)x--0-0(0)x
      Material overhead expenses17135681587271126374-17135-15872126374
      Investment overhead expenses15757621639774(640)(41)-15757-16397(640)(41)
      thereofDepreciation15004591570670(702)(47)-15004-15706(702)(47)
      Capitalized own research development costs-5108(20)-6348(28)1240243--5108--63481240243
      Cost of sales from Financial Services3230812832813147(505)(16)-32308-32813(505)(16)
      thereofResidual values vehicles operate lease16287641647974(192)(12)-16287-16479(192)(12)
      thereofInterest expenses FS business270511230310402149-2705-2303402149
      thereofDepreciations on rental asset918536997645(791)(86)-9185-9976(791)(86)
      Services Accounting-5366(21)-4266(19)(1101)(205)--5366--4266(1101)(205)
      Other2-2005(08)-1629(07)(376)(188)-303-1702-143-1486(216)(127)
      sup1 Incl special items from Diesel issue 2019 euro8 million 2020 euro72 million
      sup2 Incl special items from Diesel issue 2019 euro-303 million 2020 euro-143 million
      Income Statement by Division
      Passenger Carssup1Comm VehPE
      Jan - DecJan - DecJan - Dec
      euro million20192020absolute20192020absolute20192020absolute
      Sales revenue182031156311-25720-1412644422156-4289-16239973640-357-89
      Cost of sales-145606-12827817328119-21516-190232492116-3355-320614944
      Gross profit3642528033-8392-23049293132-1796-364642434-208-324
      Distribution expenses-16767-146062161129-2388-2149239100-557-5114682
      Administrative expenses-6347-608126642-975-87897100-201-1891259
      Other oper income84099102693826606761625103104216
      Other oper expense-9532-922430832-572-860-288-503-80-320-240x
      Other oper incomeexpense-1124-122100189187-184-272x23-215-238x
      Operating profit121887224-4964-4071653-79-1732x-93-482-389x
      Share profloss equ-acc in30532615-438-14322585-140-622-1-3-3x
      Interest resultOther fin result-1819-2971522837-70-170-100x1-2-3x
      Financial result123323171084879155-85-240x0-5-6x
      Profit before tax134219541-3880-2891808-163-1971x-92-487-394x
      Income tax expense-3175-2331844266-335-4429086819147128x
      Profit after tax102467211-3036-2961473-208-1681x-73-340-267x
      of which attributable to
      Non controlling interests38452331-1514-394-33544379x-19-147-128x
      Volkswagen AG hybrid capital investors38452331-1514-394-33544379x-19-147-128x
      Volkswagen AG shareholders25572549-8-03--296-2439NV-35-46-12-336
      sup1 Passenger Cars = Automotive Division Commercial Vehicles Power Engineering
      Income Statement by Division
      VW GroupAutomotivesup1Financial Services
      Jan - DecJan - DecJan - Dec
      euro million20192020absolute20192020absolute20192020absolute
      Sales revenue252632222884-29749-118212473182106-30366-143401604077861815
      Cost of sales-203490-1839371955496-170477-15050719969117-33014-33430-416-13
      Gross profit4914238947-10195-2074199631599-10397-2487146734820228
      Distribution expenses-20978-184072571123-19712-172672446124-1266-114012599
      Administrative expenses-9767-939936838-7522-714737550-2245-2252-7-03
      Other oper income114531243898586917198827117822822556274120
      Other oper expense-12890-13904-1014-79-10184-10404-219-22-2706-3500-795-294
      Other oper incomeexpense-1437-1466-29-20-1014-522492485-423-944-521x
      Operating profit169609675-7284-430137486664-7084-51532123012-200-62
      Share profloss equ-acc in33492756-592-17732782697-581-1777160-11-161
      Interest resultOther fin result-1953-7651188608-1889-4691419751-64-296-231x
      Financial result13961991595426138922278386047-236-243x
      Profit before tax1835611667-6689-364151378891-6246-41332192776-443-138
      Income tax expense-4326-28431484343-3491-22281262362-836-615221265
      Profit after tax140298824-5205-371116466663-4983-42823832161-222-93
      of which attributable to
      Non controlling interests143-43-186x79-98-177x6455-9-137
      Volkswagen AG hybrid capital investors540533-7-13540533-7-13---x
      Volkswagen AG shareholders133468334-5012-376110276227-4799-43523192106-213-92
      sup1 Automotive Division = Volkswagen Group Financial Services
      Volkswagen Group Income Statement
      Decemberb(w) py
      euro million20192020
      Sales revenue21517100022769100058
      Cost of sales-17112-795-17126-752(01)
      Gross profit44052055643248281
      Distribution expenses-2222-103-1976-87111
      Administrative expenses-1021-47-455-20555
      Other operating incomeexpense-1684-78-267-12842
      Operating profit-522-242945129x
      Share of profloss of equ-acc invest940422710x
      Interest resultOther fin result-14-011901x
      Financial result800424611x
      Profit before tax-442-213191140x
      Income tax expense14807-876-38x
      Profit after tax-295-142315102x
      Volkswagen Group Income Statement
      before special items
      January - Decemberb(w) pyJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue25263210002228841000(118)25263210002228841000(118)
      Cost of sales-203490-805-183937-82596296-203786-80771-184008-82697
      Gross profit4914219538947175(207)4884619338876174(204)
      Distribution expenses-20978-83-18407-83123--20978-83--18407-83123
      Administrative expenses-9767-39-9399-4238--9767-39--9399-4238
      Other operating incomeexpenses-1437-06-1466-07(20)-2632119505-1002-464-02x
      Operating profit1696067967543(430)19296761060748(450)
      Share of profloss of equ-acc invest334913275612(177)-334913-275612(177)
      Interest resultOther fin result-1953-08-765-03608--1953-08--765-03608
      Financial result139606199109426-139606-199109426
      Profit before tax18356731166752(364)20692821259857(391)
      Income tax expense-4326-17-2843-13343
      Profit after tax1402956882440(371)
      Volkswagen Group Income Statement
      January - Decemberb(w) pyJanuary - Decemberb(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue25263210002228841000(118)25263210002228841000(118)
      Cost of sales1-203490-805-183937-82596296-203786sup2-80771-184008-82697
      Gross profit4914219538947175(207)4884619338876174(204)
      Distribution expenses-20978-83-18407-83123--20978sup3-83--18407-83123
      Administrative expenses-9767-39-9399-4238--9767-39--9399-4238
      Other operating incomeexpenses2-1437-06-1466-07(20)-2632119505-1002-464-02x
      Operating profit1696067967543(430)19296761060748(450)
      Share of profloss of equ-acc invest334913275612(177)-334913-275612(177)
      Interest resultOther fin result-1953-08-765-03608--1953-08--765-03608
      Financial result139606199109426-139606-199109426
      Profit before tax18356731166752(364)20692821259857(391)
      Income tax expense-4326-17-2843-13343
      Profit after tax1402956882440(371)
      sup1 Incl special items from Diesel issue 2019 euro296 million 2020 euro71 million
      sup2 Incl special items from Diesel issue 2019 euro-2632 million 2020 euro-1002 million
      Volkswagen Group Key Financial Figures
      Decemberb(w) prior year
      euro million20192020absolute
      Sales revenue2151722769125258
      Operating profit-52229453467x
      as of sales revenue-24129154sup1
      Financial result80246166x
      Profit before tax-44231913633x
      as of sales revenue-21140161sup1
      Income tax expense148-876(1024)x
      Tax rate in33427559sup1
      Profit after tax-29523152610x
      sup1 Percentage points
      Volkswagen Group Key Financial Figures
      January - Decemberb(w) prior year
      euro million20192020absolute
      Sales revenue252632222884(29749)(118)
      Operating profit before special items1929610607(8689)(450)
      as of sales revenue7648(29)sup1
      Special itemssup2-2336-9311405601
      Operating profitsup2169609675(7284)(430)
      as of sales revenue6743(24)sup1
      Financial result13961991595426
      Profit before tax before special items2069212598(8094)(391)
      as of sales revenue8257(25)sup1
      Profit before tax1835611667(6689)(364)
      as of sales revenue7352(20)sup1
      Income tax expense-4326-28431484343
      Tax rate in236244(08)sup1
      Profit after tax140298824(5205)(371)
      sup1 Percentage points
      sup2 Incl special items from Diesel issue 2019 euro-2336 million 2020 euro- 931 million
      Volkswagen Group Key Financial Figures
      January - Decemberb(w) prior year
      euro million20192020absolute
      Sales revenue252632222884(29749)(118)
      Operating profit before special items1929610607(8689)(450)
      as of sales revenue7648(29)sup1
      Special itemssup2-2336-9311405601
      Operating profitsup2169609675(7284)(430)
      as of sales revenue6743(24)sup1
      Financial result13961991595426
      Profit before tax before special items2069212598(8094)(391)
      as of sales revenue8257(25)sup1
      Profit before tax1835611667(6689)(364)
      as of sales revenue7352(20)sup1
      Income tax expense-4326-28431484343
      Tax rate in236244(08)sup1
      Profit after tax140298824(5205)(371)
      sup1 Percentage points
      sup2 Incl special items from Diesel issue 2019 euro-2336 million 2020 euro- 931 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      04 Wesent Finanzzahlen VW per
      05 GuV
      06 GuV per
      07 GuV KB
      08 GuV KB 1
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      15 Bilanz VW
      16 Aktiva KB
      17 Passiva KB
      18 Aktiva KB 1
      19 Passiva KB 1
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      23 Vorraumlte
      24 F amp E Kosten
      25 Umsatzerloumlse
      26 Umsatzerloumlse nach Maumlrkten
      27 Erg aus at Equity bew Ant
      28 Dividendenbeschluumlsse GU
      29 Finanzergebnis
      Vorstandscharts
      31122020 zu 31122019
      5 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ1Q2Q1Q2Q1Q2Q1Q2Q2
      2020202020202020202020202020202020202020
      VW Passenger Cars76536918965961585003854481-2551481-2551
      Audi2681481245480226783495215-76515-765
      Skoda2371354850269621941098307-78307-78
      SEAT14057255811911383739-48-223-48-223
      Bentley3162023945018856-15556-155
      Porsche Vehicles56605394579848775192529614529614
      VW Com Vehicles995826711567125576914-34814-348
      Scania Vehicles and Services19122982228728622181256-35256-35
      MAN Commercial Vehicles28192633203624461865-83-339-83-339
      Power Engineering--922928922927165165
      Porsche Hold Salzburg120103485545844368394063296329
      VW Chinasup1503919
      Other-18020-8842-15191436911740-1293sup2981sup2-1293sup3981sup3
      VW Financial Service9847821790147570654501654501
      Volkswagen Group before special items904-2394904-2394
      Special items----
      Volkswagen Group1937179955054410765505441076904-2394904-2394
      thereof
      Automotive Division1937179944650323654557733085197-2935197-2935
      of which Passenger Cars1891176738165271473934728110120-2470120-2470
      Commercial Vehicles46325564429053084047121-416121-416
      Power Engineering Business Area--922928922927-44-49-44-49
      FS Division10404871194777992707541707541
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q1Q2b(w) prior yearQ2b(w) py
      Specialitems PYSpecialitems
      euro million20202020absolute20202020absolute
      Total other operating incomeexpenses-14092291639x--1409-2291639x
      thereof
      Foreign currency influences-383163546x--383-163546x
      Other hedging-9442141159x--944-2141159x
      Futures Commodities---x-----x
      Reversal of provisions185293108585-185-293108585
      Rental income3637128-36-37128
      Net income from disposalswrite-ups28-3(31)x-28--3(31)x
      Income from cost allocations5611256996-56-11256996
      Valuation allowances on receivables-266-388(122)(459)--266--388(122)(459)
      Other incomeexpenses-122-199(78)(637)--122--199(78)(637)
      thereof litigation expenses-191-875(684)x--191--875(684)x
      thereof Gain of contribution AID to Argo-833833x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q1Q2b(w) prior year
      euro million20202020absolute
      Sales revenue5505441076(13978)(254)
      Operating profit before special items904-2394(3298)x
      as of sales revenue16-58(75)sup1
      Special itemssup2---x
      Operating profit904-2394(3298)x
      as of sales revenue16-58(75)sup1
      Financial result-222360583x
      Profit before tax before special items682-2034(2715)x
      as of sales revenue12-50(62)sup1
      Profit before tax682-2034(2715)x
      as of sales revenue12-50(62)sup1
      Income tax expense-165498663x
      Tax rate in242245(03)sup1
      Profit after tax517-1536(2053)x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q1Q2b(w) pyQ2b(w) py
      Specialitems PYSpecialitems
      euro million2020202020202020
      Sales revenue550541000410761000(254)550541000410761000(254)
      Cost of sales-45824-832-37404-911184--45824sup2-832--37404-911184
      Gross profit9231168367289(602)9231168367289(602)
      Distribution expenses-4472-81-3880-94132--4472sup3-81--3880-94132
      Administrative expenses-2445-44-2415-5912--2445-44--2415-5912
      Other operating incomeexpenses-1409-2622906x--1409-26-22906x
      Operating profit90416-2394-58x90416-2394-58x
      Share of profloss of equ-acc invest12902103525x-12902-103525x
      Interest resultOther fin result-351-06-675-16(923)--351-06--675-16(923)
      Financial result-222-0436009x--222-04-36009x
      Profit before tax68212-2034-50x68212-2034-50x
      Income tax expense-165-0349812x
      Profit after tax51709-1536-37x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999630310319147113764527383767555836627-107000-149695905635-1317028634-169354787679293417113058301455543909898409941841137530337457574394-3293202439170712142526127673633378118522415547280975514385982687889488
      299999
      199999324087152278455224822023-5334312628-1070003779630578-10760516217-1833595916-496080754117229133242516213988767161801880286-509784408-314890070311667438348-39875109772942077323821666874289410065930052
      199999
      1119991475137087150035776056560334282187146838-25220673515698698992410066-2116843067-7321808155-6920504304401303851-80865084816043572862-684513376447001885281250503-887406886
      111999
      111199-5067081478-5113772732-84010745-16109554546691254-15991-5410812-3295113616-3107627222-3107653349-261271319179299-310457-480162688-748966158-884909478
      111199
      111110-969985488-1032901495-5410812-58719562916007-15991-5410812-7756529-4514337-4540464-26127-1483957-310457-42706155-8356313-884909478
      1111155207964452079644-1268583612-1268583612-12685836121320663256
      111116
      111120-1733447306-17201221320-13325174-672833-187615526
      111130-231243477-231243477-16050835-2018773475-1834529273-1834529273-4367837-535994319
      111140-103293558-100393979-78599933-2899579-170000
      1111500000
      111299-169032744-161798331-236699917-7234413-2110747755076909-5831255-5831255-13999458-13999458
      111299
      111210-169032744-161798331-236699917-7234413-2110747755076909-5831255-5831255-13999458-13999458
      11139918768548476187685484761088045092235828666910880450921260126096-4221192357-3797999673423192684-796600966150691354545828545743-34317087
      111399
      111310-3437511958-3437511958167214547439725558221672145474-22898938883-14585118373-13605060242980058131-298788105771506913545410352330195-662800492
      1113205314366805653143668056-584100382-1614269153-58410038224159064979103639260169807060569-55686544729082209611-45237844526593687833
      111330
      11149912189366161510600192-111301002-10044286-29166357615714689-69116737-1369324567011424-9020027-16031451-12049882-330742433-541414221098618831064533748-2497408
      111499
      111410-16606992388478428-69116737-10044286-25454835115714689-69116737-9661012425324-15606127-16031451-12049882-327820911-57087335-4296756481049416274-2497408
      111420-5341699-358743630-175426270-73085
      1114301489646772150921937-19572598-403223366586165861-29215222945913153560297815117474
      111440
      111441
      11147000
      111480-51223243-51223243-4218426500
      112999-24277768122-27593207889-2231433142046426337752766495-24915558-186014865-3749003902-5051367301-6221511413-1243945342-1554717214-2370489833-1623048994-944542892-164762849832007411396
      112999
      112110-2568088191-2478420433-154226562945077307477770283-1137907-15051371811757117689539575183820068842431-38160636-277841071-2276776731420861055-2027960661-22826446
      112120-5067674232-6543897953116677925-251460974137804238-13593983116677925-1997865283-1566646015-1721578385-226835549-13826288-1574527828-121978424972190108-912272188-123745415
      112299-2164442535-2164164197-1259034852-90418221-409481-12590348522000338673-775770143-1359415693-58364555-331319943-8552978-24630584-697576621-1701131535-117557475
      112299
      112210-1908127292-1907717811-125876144-901348767-409481-1258761442248155628-744694106-132829419-583600084-331319943-8552978-24630584-698645753-1691597005-117547931
      112220-256315243-256446386-273412-2833443-273412-247816955-31076037-31121503-454661069132-953453-9544
      112399-6733281855-7651072159-228081377423301888-183136966-10183668-228081377-1561447333225960653-690971167-91693182-827964623-736878375-129446005-2980237597-110729744-314327683
      112399
      112310-1216381331-18671938462414201-78120978-168463402-95989072414201-69264161-713510308-932413042-218902734-71454259-582611084-81434015-366227906221570235-2956905
      112320-4960052652-4960052652-654964506477011-654964-831557192941275072473132678-468142394-746537993-4700358-27256046-228398811
      112330-55645022-823428009-251568423-5054145-14673564-584761-251568423-37248531-1804111-231690803-229886692-9972371-149464786-47909843111594909-103901168-284758633
      112340-397652-397652-102147-102147
      112410-7744281309-8755653147268956061923279945597207384212689560619-3365741727-2944451371-2467928174474625146304287221-215104831240220163-117241908552585868415
      113999-25787435844-5936148923-3919678872-2843867151-856304095-3919678872-7181794-9227014-922701441024083-18921
      113999
      113110-215871688-10805721-267935-242648964-267935-7181794-9227014-9227014
      113111-69637-6963700-18921
      11311226687249-80466-8046623703187-80466
      113113
      113114-2037332789-607518977-629593768-24978467885-62959376841024083
      113115-545188-3388596892-859409583
      11312000
      113210145731037145731037
      113410-5309172052-5310780059-328732528816080073105488-3287325288
      114999-11732833-15880674517171703-33334588-33334588-33334588-167835044
      114999
      114110-195343203-48236421-120334308-33334588-33334588-33334588-29158442
      114120140114187140114187
      114130-62099314-110570324-2608176-138676602
      115999210442886289209977855733-1603532420465030556-3792-16035324220377840832620389054782203890547820-120869-295-295-70519732-101139285308740103697
      115999
      115199206433730922207435822458-1526038050-1002091536-152603805-12852861400-66965571-121807093225103547632
      115199
      115110209815544603210817636139-28444991-1002091536-284449910-66965571748268488225103547632
      115115000000
      11512500000
      115120-3381813681-3381813681-1241588140-124158814-12852861400-19663394180
      11529940091553672542033275-77494371467122092-3792-77494372039069369420389054782203890547820-120869-295-295-35541612066780883636556065
      115299
      11521000000020388829831820388829831820388829831800000083165796359
      1152200000000000000000
      11523021334529876642534541469199533-37921244384541675644167564-120869-355403522130863717107
      115240216938682216938682-800844-8008446095177-1918062-1918062-295-2952044650-1053401
      115250-2043379-27446-485729-2015933-485729996000
      11526016629951481663056656-6462864-61508-6462864-12604080960
      115270-2188071-21880710000000
      11528000
      115290
      14999925219857415-1462766524804695201-353209851-26320054-26320054-26320054-7490706
      149999
      14499913190748303131907483033324804661
      144999
      141999287454244128745424413325585832
      141999
      14111027799562462277995624623325585832
      141115945861948945861948
      141150
      141180
      142999-15560567352-15560567352-781171
      142999
      Financial Result
      Q1Q2b(w) prior year
      euro million20202020absolutein
      Total financial result-222360583x
      thereof
      Share of prof amp loss of equity-acc invest1291035906x
      Interest result112-683(796)x
      Other financial result-4638472x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      2020Q1Q2Q1Q2
      EuropeRem markets1024620(395)3450923142(329)
      North America20496(526)97306200(363)
      South America12162(492)24041301(459)
      AsiaPacific5881021737864510622229
      Total19371799(71)5528841264(254)
      Hedges sales revenue--x-233-188195
      Volkswagen Group19371799(71)5505441076(254)
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ1Q2Q1Q2Q1Q2Q1Q2Q2
      2020202020202020202020202020202020202020
      VW Passenger Cars76536918965961585003854481-1972481-2551
      Audi2681481245480226783495215-65815-765
      Skoda2371354850269621941098307-78307-78
      SEAT14057255811911383739-48-223-48-223
      Bentley3162023945018856-15556-155
      Porsche Vehicles56605394579848775192529614529614
      VW Com Vehicles995826711567125576914-34814-348
      Scania Vehicles and Services19122982228728622181256-35256-35
      MAN Commercial Vehicles28192633203624461865-83-339-83-339
      Power Engineering--922928922927165165
      Porsche Hold Salzburg120103485545844368394063296329
      VW Chinasup1503919
      Other-18020-8842-15191436911740-1293sup2981sup2-1293sup3981sup3
      VW Financial Service9847821790147570654501654501
      Volkswagen Group before special items904-1707904-2394
      Special items--687--
      Volkswagen Group1937179955054410765505441076904-2394904-2394
      thereof
      Automotive Division1937179944650323654557733085197-2935197-2935
      of which Passenger Cars1891176738165271473934728110120-2470120-2470
      Commercial Vehicles46325564429053084047121-416121-416
      Power Engineering Business Area--922928922927-44-49-44-49
      FS Division10404871194777992707541707541
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 1128 (276) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q1Q2b(w) prior year
      euro million020202020absolute
      Total research and development
      costs35633132431121
      - as of sales revenuesup18097(17)sup2
      Capitalized development costs15641386(179)(114)
      as of total expense43944203sup2
      +Amortization of capitalized
      development costs11031120(17)(15)
      =Research and development costs
      recognized in the income statement3102286723676
      - as of sales revenuesup16989(19)sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q1Q2b(w) prior year
      euro million20202020absolutein
      Total-3371-4452926868
      Change in inventories-327030256295x
      Change in receivables-358-496(138)(385)
      Change in liabilities1347-2054(3400)x
      Change in other provisions-1208-916292241
      Change in leasing and rental assets
      (excluding depreciation)10558(47)(448)
      Change in financial
      services receivables13-63(76)x
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      17072020 gepruumlft AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q1Q2b(w) prior year
      euro million20202020absolutein
      Gross cash flow44211733(2688)(608)
      +Change in working capital-3081-4432638856
      =Cash flows from operating activities13401290(50)(37)
      Cash flows from investing activities-3715-342029579
      thereof
      Invest in property plant and equipment-1842-17855731
      ndash as of sales revenue4866(17)
      Add to capitalized development costs-1464-1303160110
      Acquisition and disposal of equity invest-508-388120237
      Net cash flow-2375-2130245103
      ContributionsRedemptions from hybrid capital-29842984x
      Capital contributions FS divisions CV PE--63(63)x
      Net liquidity 03-31-202006-30-20201803619117108260
      Net liquidity 12-31-201906-30-20201987819117(761)(38)
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      17072020 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q1Q2b(w) prior year
      euro million20202020absolutein
      Gross cash flow49171909(3008)(612)
      +Change in working capital-3371-4452926868
      =Cash flows from operating activities15461464(82)(53)
      Cash flows from investing activities-4064-375131377
      thereof
      Invest in property plant and equipment-2087-20424522
      ndash as of sales revenue4763(16)
      Add to capitalized development costs-1564-1386179114
      Acquisition and disposal of equity invest-511-401111217
      Net cash flow-2518-228823192
      ContributionsRedemptions from hybrid capital-29842984x
      Capital contributions FS divisions--9(9)x
      Aquisition of MAN shares tendered compensation payments2-(2)x
      Net liquidity 03-31-202006-30-2020177871866387649
      Net liquidity 12-31-201906-30-20202127618663(2613)(123)
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      17072020 gepruumlft AT
      Share of the result of equity-accounted investments
      Q1Q2b(w) prior year
      euro million20202020absolutein
      Total1291035906x
      thereof
      SAIC-Volkswagen Groupsup1-6416422x
      FAW-Volkswagen184445260x
      Other Chinese Joint Venturesup2468740862
      Rheinmetall M V98(1)(115)
      There Holding-2189109x
      GETT---ERRORDIV0
      Navistar-10-12(2)171
      Sinotruk (Hong Kong) Ltd27-(27)x
      Elimination of unrealized profit-10719126x
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd
      Financial Result
      Q1Q2b(w) prior year
      euro million20202020absolutein
      Total financial result-222360583x
      Share of prof amp loss of equity-acc invest1291035906x
      Interest result112-683(796)x
      Interest income243193(50)(205)
      Interest expenses-131-876(746)x
      Interest result on other liabilitiessup2234-516750x
      Result on interest derivativessup2-8-2416x
      Other financial result-4638472x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities-213-379(166)(781)
      Net income from equity investments-8823112x
      Net income from securities and fundssup1-511101611x
      Currency Other derivatives394282(112)(285)
      thereof Valuation282271(11)(37)
      thereof Realization11210(102)(907)
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      1 Quartal2 Quartalb(s) VorjahrQ12 QuartalQ2b(w) prior year
      Sonder-einfluumlsse VJSonder-einfluumlsse
      euro million20202020absolut20202020absoluteb(s) Vj
      Total other operating incomeexpenses-14092291639x--1409-6418702279x
      thereof
      Foreign currency influences-383163546x--383-163546x
      Other hedging-9442141159x--944-2141159x
      Futures Commodities---x-----x
      Reversal of provisions185293108585-185932001581
      Rental income3637128-36-37128
      Net income from disposalswrite-ups28-3(31)x-28--3(31)x
      Income from cost allocations5611256996-56-11256996
      Valuation allowances on receivables-266-388(122)(459)--266--388(122)(459)
      Other incomeexpenses-122-199(78)(637)--122-734534656x
      thereof litigation expenses-191-875(684)x--191-734-14150263
      thereof Gain of contribution AID to Argo---833833x
      Volkswagen Group other operating IncomeExpenses
      Q1Q2b(w) prior year2 Quartalb(s) Vj
      Sonder-einfluumlsse VJSonder-einfluumlsse
      euro million20202020absolute20202020absolut
      Total other operating incomeexpenses-14092291639x--1409-6418702279x
      thereof
      Foreign currency influences-383163546x--383-163546x
      Other hedging-9442141159x--944-2141159x
      Futures Commodities---x-----x
      Reversal of provisions1185293108585-185932001581
      Rental income3637128-36-37128
      Net income from disposalswrite-ups28-3(31)x-28--3(31)x
      Income from cost allocations5611256996-56-11256996
      Valuation allowances on receivables-266-388(122)(459)--266--388(122)(459)
      Other incomeexpenses2-122-199(78)(637)--122-734534656x
      thereof litigation expenses-191-875(684)x--191-734-14150263
      thereof Gain of contribution AID to Argo-833833x
      sup1 Incl special items from Diesel issue Q2 euro93 million
      sup2 Incl special items from Diesel issue Q2 euro-734 million
      Volkswagen Group Administrative Expenses
      Q1Q2b(w) prior year
      euro million20202020absolute
      Total administrative expenses244524153012
      thereof
      Personnel costs146614244229
      Material overhead expenses9311023(92)(98)
      Other administrative expenses48-3280x
      thereof DepreciationInvest overh exp182189(8)(43)
      Volkswagen Group Distribution Expenses
      Q1Q2b(w) prior year
      euro million20202020absolutein
      Total distribution expenses44723880592132
      thereof
      Personnel costs1375125412188
      Sales Expenses1256898358285
      thereofIncentives15411341267
      Advertising and sales promotion1059753sup2306289
      Material overhead expenses7286656386
      Other distribution costs11121063sup35045
      thereofDeferral of fixed costs in sales orga13811325181
      DepreciationInvest overhead expenses167228(60)(361)
      Other direct costs of sale35631541114
      Freight-out packaging-shipping costs451285166367
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      Q1Q2b(w) prior yearQ2b(w) py
      Specialitems PYSpecialitems
      euro million2020in UE2020in UEabsolutein20202020absolute
      Total cost of sales45824467374043578420184-45824-374048420184
      thereof
      Direct material and cost of goods purchased22698231183771764321190-22698-183774321190
      Warranty costs112111116711(46)(41)-1121-1167(46)(41)
      Personnel expenses7522776002571519202-7522-60021519202
      Deferral of fixed costs8160831403502616-816-314502616
      Material overhead expenses33053430472925978-3305-304725978
      Investment overhead expenses390840392938(21)(05)-3908-3929(21)(05)
      thereofDepreciation376438380236(38)(10)-3764-3802(38)(10)
      Capitalized own research development costs-1550(16)-1370(13)(179)(116)--1550--1370(179)(116)
      Cost of sales from Financial Services8421866935661486176-8421-69351486176
      thereofResidual values vehicles operate lease4170423001291170280-4170-30011170280
      thereofInterest expenses FS business63506596063961-635-5963961
      thereofDepreciations on rental asset245225259625(143)(58)-2452-2596(143)(58)
      Services Accounting-411(04)-725(07)314762--411--725314762
      Other-11(00)-277(03)266x--11--277266x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      before special items
      1 Quartal2 Quartalb(s) VorjahrQ1Q2b(w) prior year
      Sonder-einfluumlsse VJSonder-einfluumlsse
      euro million2020in UE2020in UEabsolutin20202020absolute
      Total cost of sales45824467374043578420184-4582446373588465185
      thereof
      Direct material and cost of goods purchased22698231183771764321190-22698-183774321190
      Warranty costs112111116711(46)(41)-11219910685347
      Personnel expenses7522776002571519202-7522-60021519202
      Deferral of fixed costs8160831403502616-816-314502616
      Material overhead expenses33053430472925978-3305-304725978
      Investment overhead expenses390840392938(21)(05)-3908-3929(21)(05)
      thereofDepreciation376438380236(38)(10)-3764-3802(38)(10)
      Capitalized own research development costs-1550(16)-1370(13)(179)(116)--1550--1370(179)(116)
      Cost of sales from Financial Services8421866935661486176-8421-69351486176
      thereofResidual values vehicles operate lease4170423001291170280-4170-30011170280
      thereofInterest expenses FS business63506596063961-635-5963961
      thereofDepreciations on rental asset245225259625(143)(58)-2452-2596(143)(58)
      Services Accounting-411(04)-725(07)314762--411--725314762
      Other-11(00)-277(03)266x--11-53-224212x
      Volkswagen Group Cost of Sales
      Q1Q2b(w) prior year2 Quartalb(s) Vj
      Sonder-einfluumlsse VJSonder-einfluumlsse
      euro million2020in UE2020in UEabsolutein20202020absolut
      Total cost of sales45824467374043578420184-4582446373588465185
      thereof
      Direct material and cost of goods purchased22698231183771764321190-22698-183774321190
      Warranty costs1112111116711(46)(41)-11219910685347
      Personnel expenses7522776002571519202-7522-60021519202
      Deferral of fixed costs8160831403502616-816-314502616
      Material overhead expenses33053430472925978-3305-304725978
      Investment overhead expenses390840392938(21)(05)-3908-3929(21)(05)
      thereofDepreciation376438380236(38)(10)-3764-3802(38)(10)
      Capitalized own research development costs-1550(16)-1370(13)(179)(116)--1550--1370(179)(116)
      Cost of sales from Financial Services8421866935661486176-8421-69351486176
      thereofResidual values vehicles operate lease4170423001291170280-4170-30011170280
      thereofInterest expenses FS business63506596063961-635-5963961
      thereofDepreciations on rental asset245225259625(143)(58)-2452-2596(143)(58)
      Services Accounting-411(04)-725(07)314762--411--725314762
      Other2-11(00)-277(03)266x--11-53-224212x
      sup1 Incl special items from Diesel issue Q2 euro99 million
      sup2 Incl special items from Diesel issue Q2 euro-53 million
      Volkswagen Group Income Statement
      before special items
      1 Quartal2 Quartalb(s) VjQ1Q2b(w) py
      Sonder-einfluumlsse VJSonder-einfluumlsse
      euro million2020202020202020
      Sales revenue550541000410761000(254)550541000410761000(254)
      Cost of sales-45824-832-37404-911184--45824-832-46-37358-909185
      Gross profit9231168367289(602)9231168371891(597)
      Distribution expenses-4472-81-3880-94132--4472-81--3880-94132
      Administrative expenses-2445-44-2415-5912--2445-44--2415-5912
      Other operating incomeexpenses-1409-2622906x--1409-26-64187021x
      Operating profit90416-2394-58x90416-1707-42x
      Share of profloss of equ-acc invest12902103525x-12902-103525x
      Interest resultOther fin result-351-06-675-16(923)--351-06--675-16(923)
      Financial result-222-0436009x--222-04-36009x
      Profit before tax68212-2034-50x68212-1347-33x
      Ertragsteuern-165-0349812x
      Ergebnis nach Steuern51709-1536-37x
      Volkswagen Group Income Statement
      Q1Q2b(w) py2 Quartalb(s) Vj
      Sonder-einfluumlsse VJSonder-einfluumlsse
      euro million2020202020202020
      Sales revenue550541000410761000(254)550541000410761000(254)
      Cost of sales1-45824-832-37404-911184--45824sup2-832-46-37358-909185
      Gross profit9231168367289(602)9231168371891(597)
      Distribution expenses-4472-81-3880-94132--4472sup3-81--3880-94132
      Administrative expenses-2445-44-2415-5912--2445-44--2415-5912
      Other operating incomeexpenses2-1409-2622906x--1409-26-64187021x
      Operating profit90416-2394-58x90416-1707-42x
      Share of profloss of equ-acc invest12902103525x-12902-103525x
      Interest resultOther fin result-351-06-675-16(923)--351-06--675-16(923)
      Financial result-222-0436009x--222-04-36009x
      Profit before tax68212-2034-50x68212-1347-33x
      Ertragsteuern-165-0349812x
      Ergebnis nach Steuern51709-1536-37x
      sup1 Incl special items from Diesel issue Q2 euro-46 million
      sup2 Incl special items from Diesel issue Q2 euro-641 million
      Wesentliche Finanzzahlen Volkswagen Konzern
      Q1Q2b(w) prior year
      euro million20202020absolute
      Sales revenue5505441076(13978)(254)
      Operating profit before special items904-1707(2611)x
      as of sales revenue16-42(58)sup1
      Special itemssup2--687(687)x
      Operating profitsup2904-2394(3298)x
      as of sales revenue16-58(75)sup1
      Financial result-222360583x
      Profit before tax before special items682-1347(2029)x
      as of sales revenue12-33(45)sup1
      Profit before tax682-2034(2715)x
      as of sales revenue12-50(62)sup1
      Income tax expense-165498663x
      Tax rate in242245(03)sup1
      Profit after tax517-1536(2053)x
      sup1 Percentage points
      sup2 Incl special items from Diesel issue Q2 euro-687 million
      Wesentliche Finanzzahlen Volkswagen Konzern
      Q1Q2b(w) prior year
      euro million20202020absolute
      Sales revenue5505441076(13978)(254)
      Operating profit before special items904-1707(2611)x
      as of sales revenue16-42(58)sup1
      Special itemssup2--687(687)x
      Operating profitsup2904-2394(3298)x
      as of sales revenue16-58(75)sup1
      Financial result-222360583x
      Profit before tax before special items682-1347(2029)x
      as of sales revenue12-33(45)sup1
      Profit before tax682-2034(2715)x
      as of sales revenue12-50(62)sup1
      Income tax expense-165498663x
      Tax rate in242245(03)sup1
      Profit after tax517-1536(2053)x
      sup1 Percentage points
      sup2 Incl special items from Diesel issue Q2 euro-687 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Absatz Marken Vgl
      Vorstandscharts
      2 Quartal 2020 zu 1 Quartal 2020
      3 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
      2020202020202020202020202020202020202020
      VW Passenger Cars762939186042389288181087452212185221218
      Audi26633512788167107382924386424568642456
      Skoda2242534493504318261912240288240288
      SEAT1221652294315513711696-20-49-20-49
      Bentley3453765232236647724772
      Porsche Vehicles6684629086045614721974021377402137
      VW Com Vehicles93952436268411511196-27-92-27-92
      Scania Vehicles and Services18252825342827093301198329198329
      MAN Commercial Vehicles33382792337725923154-38-171-38-171
      Power Engineering--89989189989045-33545-335
      Porsche Hold Salzburg1371455876622652665637248135248135
      VW Chinasup110401115
      Other-51-207-5132-110791696318412136sup2958sup2136sup3958sup3
      VW Financial Service10531100439708913447711714771171
      Volkswagen Group before special items3183798231837982
      Special items----
      Volkswagen Group25752846593556739859355673983183798231837982
      thereof
      Automotive Division25752846482855680649198578022642675926426759
      of which Passenger Cars25242783418214917942997504552535703925357039
      Commercial Vehicles50635565673653026456115101115101
      Power Engineering Business Area--899891899890-8-381-8-381
      FS Division110701059210158959654112235411223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million20202020absolute20202020absolute
      Total other operating incomeexpenses-38297479x--382-97479x
      thereof
      Foreign currency influences-18319202x--183-19202x
      Other hedging178455277x-178-455277x
      Futures Commodities---x-----x
      Reversal of provisions114495382x-114-495382x
      Rental income3636010-36-36010
      Net income from disposalswrite-ups115241x-11-5241x
      Income from cost allocations18225977424-182-25977424
      Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
      Other incomeexpenses-443-863(421)(950)--443--863(421)(950)
      thereof litigation expenses-159-663(504)x--159--663(504)x
      thereof gain of contribution AID to Argo-113113x---113113x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020in UE2020in UEabsolutein20202020absolute
      Total cost of sales4892849951780495(2852)(58)-48928-51780(2852)(58)
      thereof
      Direct material and cost of goods purchased2642026930529292(4109)(156)-26420-30529(4109)(156)
      Warranty costs124813165216(404)(324)-1248-1652(404)(324)
      Personnel expenses686870749772(628)(91)-6868-7497(628)(91)
      Deferral of fixed costs24703-1376(13)1622x-247--13761622x
      Material overhead expenses372738579255(2065)(554)-3727-5792(2065)(554)
      Investment overhead expenses406741449343(426)(105)-4067-4493(426)(105)
      thereofDepreciation390640423340(328)(84)-3906-4233(328)(84)
      Capitalized own research development costs-1516(15)-1912(18)396261--1516--1912396261
      Cost of sales from Financial Services89389185188142047-8938-851842047
      thereofResidual values vehicles operate lease490450440442501102-4904-4404501102
      thereofInterest expenses FS business5310554105(9)(18)-531-541(9)(18)
      thereofDepreciations on rental asset241125251724(106)(44)-2411-2517(106)(44)
      Services Accounting-745(08)-2385(23)1641x--745--23851641x
      Other-326(03)-1027(10)701x--326--1027701x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q3Q4b(w) pqQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020202020202020
      Sales revenue593551000673981000135593551000673981000135
      Cost of sales-48928-824-51780-768(58)--48928sup2-824--51780-768(58)
      Gross profit10427176156172324981042717615617232498
      Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
      Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
      Other operating incomeexpenses-382-069701x--382-06-9701x
      Operating profit3183547982118x3183547982118x
      Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
      Interest resultOther fin result-432-0769310x--432-07-69310x
      Financial result42307143121x-42307-143121x
      Profit before tax3606619413140x3606619413140x
      Income tax expense-856-14-2320-34x
      Profit after tax2751467093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Sales revenue59355673988042135
      Operating profit before special items318379824799x
      as of sales revenue5411865sup1
      Special itemssup2---x
      Operating profit318379824799x
      as of sales revenue5411865sup1
      Financial result42314311008x
      Profit before tax before special items360694135807x
      as of sales revenue6114079sup1
      Profit before tax360694135807x
      as of sales revenue6114079sup1
      Income tax expense-856-2320(1464)x
      Tax rate in237246(09)sup1
      Profit after tax275170934343x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total financial result42314311008x
      thereof
      Share of prof amp loss of equity-acc invest855738(117)(137)
      Interest result-407-520(113)(278)
      Other financial result-2512131238x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42020202020202020
      EuropeRem markets10821203112361873966196
      North America205239166991510965106
      South America1391497121752753266
      AsiaPacific11481255931111313908251
      Total257528461055939067287133
      Hedges sales revenue--x-35111x
      Volkswagen Group257528461055935567398135
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ3Q4Q3Q4Q3Q4Q3Q4Q4
      2020202020202020202020202020202020202020
      VW Passenger Cars762939186042389288181087452214235221218
      Audi26633512788167107382924386425188642456
      Skoda2242534493504318261912240288240288
      SEAT1221652294315513711696-20-49-20-49
      Bentley3453765232236647724772
      Porsche Vehicles6684629086045614721974021377402137
      VW Com Vehicles93952436268411511196-27-92-27-92
      Scania Vehicles and Services18252825342827093301198329198329
      MAN Commercial Vehicles33382792337725923154-38-171-38-171
      Power Engineering--89989189989045-33545-335
      Porsche Hold Salzburg1371455876622652665637248135248135
      VW Chinasup110401115
      Other-51-207-5132-110791696318412136sup2935sup2136sup3958sup3
      VW Financial Service10531100439708913447711714771171
      Volkswagen Group before special items3183822731837982
      Special items--245--
      Volkswagen Group25752846593556739859355673983183798231837982
      thereof
      Automotive Division25752846482855680649198578022642675926426759
      of which Passenger Cars25242783418214917942997504552535703925357039
      Commercial Vehicles50635565673653026456115101115101
      Power Engineering Business Area--899891899890-8-381-8-381
      FS Division110701059210158959654112235411223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1227) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q3Q4b(w) prior quarter
      euro million020202020absolute
      Total research and development
      costs34963693(197)(56)
      - as of sales revenuesup1726507sup2
      Capitalized development costs15311991460300
      as of total expense438539101sup2
      +Amortization of capitalized
      development costs11391281(142)(124)
      =Research and development costs
      recognized in the income statement3104298312139
      - as of sales revenuesup1645312sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total3981914(3066)(770)
      Change in inventories1379272(1108)(803)
      Change in receivables-93018282758x
      Change in liabilities2907-2338(5245)x
      Change in other provisions7151195480671
      Change in leasing and rental assets
      (excluding depreciation)23-135(159)x
      Change in financial
      services receivables-11592207x
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      gepruumlft am 03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Gross cash flow5454102164762873
      +Change in working capital4199-344(4542)x
      =Cash flows from operating activities9652987222023
      Cash flows from investing activities-3684-5944(2259)(613)
      thereof
      Invest in property plant and equipment-2096-4224(2128)x
      ndash as of sales revenue5086(36)
      Add to capitalized development costs-1483-1885(402)(271)
      Acquisition and disposal of equity invest-16864231x
      Net cash flow59683929(2040)(342)
      Capital contributions FS divisions CV PE--23(23)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 09-30-202012-31-20202560826847123948
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Gross cash flow6182106354453720
      +Change in working capital3981914(3066)(770)
      =Cash flows from operating activities10162115491387136
      Cash flows from investing activities-3938-6610(2672)(679)
      thereof
      Invest in property plant and equipment-2292-4643(2350)x
      ndash as of sales revenue4782(34)
      Add to capitalized development costs-1531-1991(460)(300)
      Acquisition and disposal of equity invest-184-9292500
      Net cash flow62244939(1285)(206)
      Capital contributions FS divisions--23(23)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 09-30-202012-31-20202484826796194978
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total855738(117)(137)
      thereof
      SAIC-Volkswagen Groupsup1385197(188)(489)
      FAW-Volkswagen456441(15)(34)
      Other Chinese Companiessup297232135x
      Sinotruk (Hong Kong) Ltd863(83)(962)
      There Holding-7-16878
      Rheinmetall M V143x
      Mobility Trader Holding Ltd-127-3790706
      Argo-34-44(10)(281)
      Navistar-10-34(24)x
      Northvoltsup3-15-21(6)(408)
      Elimination of unrealized profit38-57(95)x
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total financial result42314311008x
      Share of prof amp loss of equity-acc invest855738(117)(137)
      Interest result-407-520(113)(278)
      Interest income200157(43)(217)
      Interest expenses-607-677(70)(115)
      Interest result on other liabilitiessup2-285-203(82)(288)
      Result on interest derivativessup228-1543x
      Other financial result-2512131238x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities20-63(83)x
      Net income from equity investments-72-286(214)x
      Net income from securities and fundssup14213997x
      Currency Other derivatives-4313181361x
      thereof Valuation-1589231081x
      thereof Realization115395280x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q3Q4b(w) prior quarterQ3Q4b(w) pq
      Specialitems PYSpecialitems
      euro million20202020absolute20202020absolute
      Total other operating incomeexpenses-38297479x--382-362458841x
      thereof
      Foreign currency influences-18319202x--183-19202x
      Other hedging178455277x-178-455277x
      Futures Commodities---x-----x
      Reversal of provisions114495382x-114-7502389x
      Rental income3636010-36-36010
      Net income from disposalswrite-ups115241x-11-5241x
      Income from cost allocations18225977424-182-25977424
      Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
      Other incomeexpenses-443-863(421)(950)--443-355-509(66)(149)
      thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
      thereof Other expenses-Labour costs from restructuring-22-316(294)x
      thereof gain of contribution AID to Argo-113113x-----x
      Volkswagen Group other operating IncomeExpenses
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million20202020absolute20202020absolute
      Total other operating incomeexpenses-38297479x--382-362458841x
      thereof
      Foreign currency influences-18319202x--183-19202x
      Other hedging178455277x-178-455277x
      Futures Commodities---x-----x
      Reversal of provisions1114495382x-114-7502389x
      Rental income3636010-36-36010
      Net income from disposalswrite-ups115241x-11-5241x
      Income from cost allocations18225977424-182-25977424
      Valuation allowances on receivables-276-355(80)(289)--276--355(80)(289)
      Other incomeexpenses2-443-863(421)(950)--443-355-509(66)(149)
      thereof litigation expenses-159-663(504)x--159-353-310(151)(953)
      thereof Other expenses-Labour costs from restructuring-22-316(294)x
      thereof gain of contribution AID to Argo---x---113113x
      sup1 Incl special items from diesel issue Q4 euro-7 million
      sup2 Incl special items from diesel issue Q4 euro-355 million
      Volkswagen Group Administrative Expenses
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Total administrative expenses2354218516972
      thereof
      Personnel costs13831413(30)(21)
      Material overhead expenses10071253(246)(245)
      Other administrative expenses-36-481445x
      thereof DepreciationInvest overh exp183221(38)(209)
      Volkswagen Group Distribution Expenses
      Q3Q4b(w) prior quarter
      euro million20202020absolutein
      Total distribution expenses45085547(1039)(231)
      thereof
      Personnel costs12901351(62)(48)
      Sales Expenses12291861(632)(514)
      thereofIncentives16014218111
      Advertising and sales promotion9971701sup2(704)(707)
      Material overhead expenses7451182(437)(587)
      Other distribution costs12441153sup39274
      thereofDeferral of fixed costs in sales orga78-329407x
      DepreciationInvest overhead expenses196290(94)(478)
      Other direct costs of sale354358(4)(10)
      Freight-out packaging-shipping costs456603(148)(324)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q3Q4b(w) prior quarterQ3Q4b(w) pq
      Specialitems PYSpecialitems
      euro million2020in UE2020in UEabsolutein20202020absolute
      Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
      thereof
      Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
      Warranty costs1248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
      Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
      Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
      Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
      Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
      thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
      Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
      Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
      thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
      thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
      thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
      Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
      Other-332x 09 Kosten der Umsatzerloumlse-1033x701x--326-90-943616x
      Volkswagen Group Cost of Sales
      Q3Q4b(w) prior quarterQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020in UE2020in UEabsolutein20202020absolute
      Total cost of sales48928x 09 Kosten der Umsatzerloumlse51780x(2852)(58)-48928-11751897(2969)(61)
      thereof
      Direct material and cost of goods purchased26420x 09 Kosten der Umsatzerloumlse30529x(4109)(156)-26420-30529(4109)(156)
      Warranty costs11248x 09 Kosten der Umsatzerloumlse1652x(404)(324)-1248-271678(431)(345)
      Personnel expenses6868x 09 Kosten der Umsatzerloumlse7497x(628)(91)-6868-7497(628)(91)
      Deferral of fixed costs247x 09 Kosten der Umsatzerloumlse-1376x1622x-247--13761622x
      Material overhead expenses3727x 09 Kosten der Umsatzerloumlse5792x(2065)(554)-3727-5792(2065)(554)
      Investment overhead expenses4067x 09 Kosten der Umsatzerloumlse4493x(426)(105)-4067-4493(426)(105)
      thereofDepreciation3906x 09 Kosten der Umsatzerloumlse4233x(328)(84)-3906-4233(328)(84)
      Capitalized own research development costs-1516x 09 Kosten der Umsatzerloumlse-1912x396261--1516--1912396261
      Cost of sales from Financial Services8938x 09 Kosten der Umsatzerloumlse8518x42047-8938-851842047
      thereofResidual values vehicles operate lease4904x 09 Kosten der Umsatzerloumlse4404x501102-4904-4404501102
      thereofInterest expenses FS business531x 09 Kosten der Umsatzerloumlse541x(9)(18)-531-541(9)(18)
      thereofDepreciations on rental asset2411x 09 Kosten der Umsatzerloumlse2517x(106)(44)-2411-2517(106)(44)
      Services Accounting-745x 09 Kosten der Umsatzerloumlse-2385x1641x--745--23851641x
      Other2-326x 09 Kosten der Umsatzerloumlse-1027x701x--332-90-943611x
      sup1 Incl special items from diesel issue Q4 euro-27 million
      sup2 Incl special items from diesel issue Q4 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q3Q4b(w) pqQ3Q4b(w) pq
      Specialitems PYSpecialitems
      euro million2020202020202020
      Sales revenue593551000673981000135593551000673981000135
      Cost of sales-48928-824-51780-768(58)--48928-824117-51897-770(61)
      Gross profit10427176156172324981042717615500230487
      Distribution expenses-4508-76-5547-82(231)--4508-76--5547-82(231)
      Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
      Other operating incomeexpenses-382-069701x--382-06-36245807x
      Operating profit3183547982118x3183548227122x
      Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
      Interest resultOther fin result-432-0769310x--432-07-69310x
      Financial result42307143121x-42307-143121x
      Profit before tax3606619413140x3606619658143x
      Income tax expense-856-14-2320-34x
      Profit after tax2751467093105x
      Volkswagen Group Income Statement
      Q3Q4b(w) pqQ4b(w) pq
      Specialitems PYSpecialitems
      euro million2020202020202020
      Sales revenue593551000673981000135593551000673981000135
      Cost of sales1-48928-824-51780-768(58)--48928sup2-824117-51897-770(61)
      Gross profit10427176156172324981042717615500230487
      Distribution expenses-4508-76-5547-82(231)--4508sup3-76--5547-82(231)
      Administrative expenses-2354-40-2185-3272--2354-40--2185-3272
      Other operating incomeexpenses2-382-069701x--382-06-36245807x
      Operating profit3183547982118x3183548227122x
      Share of profloss of equ-acc invest8551473811(137)-85514-73811(137)
      Interest resultOther fin result-432-0769310x--432-07-69310x
      Financial result42307143121x-42307-143121x
      Profit before tax3606619413140x3606619658143x
      Income tax expense-856-14-2320-34x
      Profit after tax2751467093105x
      sup1 Incl special items from diesel issue Q4 euro117 million
      sup2 Incl special items from diesel issue Q4 euro-362 million
      Volkswagen Group Key Financial Figures
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Sales revenue59355673988042135
      Operating profit before special items318382275044x
      as of sales revenue5412268sup1
      Special itemssup2--245(245)x
      Operating profit2318379824799x
      as of sales revenue5411865sup1
      Financial result42314311008x
      Profit before tax before special items360696586051x
      as of sales revenue6114383sup1
      Profit before tax360694135807x
      as of sales revenue6114079sup1
      Income tax expense-856-2320(1464)x
      Tax rate in237246(09)sup1
      Profit after tax275170934343x
      sup1 Percentage points
      sup2 Incl special items from diesel issue Q4 euro-245 million
      Volkswagen Group Key Financial Figures
      Q3Q4b(w) prior quarter
      euro million20202020absolute
      Sales revenue59355673988042135
      Operating profit before special items318382275044x
      as of sales revenue5412268sup1
      Special itemssup2--245(245)x
      Operating profit2318379824799x
      as of sales revenue5411865sup1
      Financial result42314311008x
      Profit before tax before special items360696586051x
      as of sales revenue6114383sup1
      Profit before tax360694135807x
      as of sales revenue6114079sup1
      Income tax expense-856-2320(1464)x
      Tax rate in237246(09)sup1
      Profit after tax275170934343x
      sup1 Percentage points
      sup2 Incl special items from diesel issue Q4 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 3 Quartal 2020
      5 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars92493922960238921013310874-4961218-4961218
      Audi3003351434816710790692431271245612712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items34217982
      Sspecial items--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x--524-97621x
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions41249583203-412-49583203
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528--1828--863965528
      thereof litigation expenses-2066-6631403679--2066--6631403679
      thereof gain of contribution AID to Argo2113111x-2-113111x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
      Gross profit12761193156172322241276119315617232224
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x--524-08-9701x
      Operating profit3421527982118x3421527982118x
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x3718569413140x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items342179824561x
      as of sales revenue5211867sup1
      Special itemssup2---x
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items371894135695x
      as of sales revenue5614083sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      thereof
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Other financial result-17812131391x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42019202020192020
      EuropeRem markets12261203(19)4007439661(10)
      North America21923993104741096547
      South America162149(78)28652753(39)
      AsiaPacific13671255(82)126641390898
      Total29732846(43)660756728718
      Hedges sales revenue--x-60111x
      Volkswagen Group29732846(43)660156739821
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars924939229602389210133108746331423-4961218
      Audi3003351434816710790692431271251812712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items4501822734217982
      Sspecial items-1080-245--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q4Q4b(w) prior year
      euro million020192020absolute
      Total research and development
      costs36093693(84)(23)
      - as of sales revenuesup1656500sup2
      Capitalized development costs15041991488324
      as of total expense417539123sup2
      +Amortization of capitalized
      development costs12571281(24)(19)
      =Research and development costs
      recognized in the income statement33632983380113
      - as of sales revenuesup1615308sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total3039914(2125)(699)
      Change in inventories3354272(3082)(919)
      Change in receivables14261828402282
      Change in liabilities-3360-23381023304
      Change in other provisions13501195(155)(115)
      Change in leasing and rental assets
      (excluding depreciation)-29-135(106)x
      Change in financial
      services receivables29992(207)(692)
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow5908102164308729
      +Change in working capital2761-344(3105)x
      =Cash flows from operating activities867098721203139
      Cash flows from investing activities-6951-59441007145
      thereof
      Invest in property plant and equipment-5344-42241120210
      ndash as of sales revenue1138627
      Add to capitalized development costs-1352-1885(533)(394)
      Acquisition and disposal of equity invest-9864162x
      Net cash flow171839292210x
      Capital contributions FS divisions CV PE14-23(37)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow6774106353861570
      +Change in working capital3039914(2125)(699)
      =Cash flows from operating activities9812115491737177
      Cash flows from investing activities-7590-6610979129
      thereof
      Invest in property plant and equipment-5821-46431178202
      ndash as of sales revenue1058223
      Add to capitalized development costs-1504-1991(488)(324)
      Acquisition and disposal of equity invest-121-9229239
      Net cash flow222349392716x
      Capital contributions FS divisions11-23(34)x
      Acquisitions of shares of minorities0-237(237)x
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total754738(16)(21)
      thereof
      SAIC-Volkswagen Groupsup1558197(361)(647)
      FAW-Volkswagen34744193269
      Other Chinese Companiessup289232143x
      Sinotruk (Hong Kong) Ltd-33x
      There Holding-32-132975
      Rheinmetall M V-65469x
      Mobility Trader Holding Ltd--37(37)x
      Argo--44(44)x
      Navistar9-34(43)x
      Northvoltsup3-7-21(14)x
      Elimination of unrealized profit-178-57121679
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Interest income244157(87)(357)
      Interest expenses-522-677(155)(297)
      Interest result on other liabilitiessup2-185-2031897
      Result on interest derivativessup2-8-157856
      Other financial result-17812131391x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities145-63(208)x
      Net income from equity investments-195-286(91)(469)
      Net income from securities and fundssup1-28139167x
      Currency Other derivatives-7713181394x
      thereof Valuation16923907x
      thereof Realization-92395487x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions4124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo2113111x-----x
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions14124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo---x-2-113111x
      sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
      sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
      Volkswagen Group Administrative Expenses
      Q4Q4b(w) prior year
      euro million20192020absolute
      Total administrative expenses29312185746255
      thereof
      Personnel costs16641413251151
      Material overhead expenses17141253460269
      Other administrative expenses-447-4813476
      thereof DepreciationInvest overh exp209221(12)(58)
      Volkswagen Group Distribution Expenses
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total distribution expenses5885554733857
      thereof
      Personnel costs141113516042
      Sales Expenses24541861593242
      thereofIncentives60142(82)x
      Advertising and sales promotion23391701sup2638273
      Material overhead expenses1284118210380
      Other distribution costs7361153sup3(417)(566)
      thereofDeferral of fixed costs in sales orga-394-329(65)(165)
      DepreciationInvest overhead expenses33529045135
      Other direct costs of sale317358(41)(129)
      Freight-out packaging-shipping costs526603(77)(147)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
      sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
      sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q4Q4b(w) pyQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
      2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special items-1080-245835773
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special itemssup2-1080-245835773
      Operating profit2342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 4 Quartal 2019
      5 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars92493922960238921013310874-4961218-4961218
      Audi3003351434816710790692431271245612712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items34217982
      Sspecial items--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x--524-97621x
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions41249583203-412-49583203
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528--1828--863965528
      thereof litigation expenses-2066-6631403679--2066--6631403679
      thereof gain of contribution AID to Argo2113111x-2-113111x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
      Gross profit12761193156172322241276119315617232224
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x--524-08-9701x
      Operating profit3421527982118x3421527982118x
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x3718569413140x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items342179824561x
      as of sales revenue5211867sup1
      Special itemssup2---x
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items371894135695x
      as of sales revenue5614083sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      thereof
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Other financial result-17812131391x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42019202020192020
      EuropeRem markets12261203(19)4007439661(10)
      North America21923993104741096547
      South America162149(78)28652753(39)
      AsiaPacific13671255(82)126641390898
      Total29732846(43)660756728718
      Hedges sales revenue--x-60111x
      Volkswagen Group29732846(43)660156739821
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars924939229602389210133108746331423-4961218
      Audi3003351434816710790692431271251812712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items4501822734217982
      Sspecial items-1080-245--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q4Q4b(w) prior year
      euro million020192020absolute
      Total research and development
      costs36093693(84)(23)
      - as of sales revenuesup1656500sup2
      Capitalized development costs15041991488324
      as of total expense417539123sup2
      +Amortization of capitalized
      development costs12571281(24)(19)
      =Research and development costs
      recognized in the income statement33632983380113
      - as of sales revenuesup1615308sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total3039914(2125)(699)
      Change in inventories3354272(3082)(919)
      Change in receivables14261828402282
      Change in liabilities-3360-23381023304
      Change in other provisions13501195(155)(115)
      Change in leasing and rental assets
      (excluding depreciation)-29-135(106)x
      Change in financial
      services receivables29992(207)(692)
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow5908102164308729
      +Change in working capital2761-344(3105)x
      =Cash flows from operating activities867098721203139
      Cash flows from investing activities-6951-59441007145
      thereof
      Invest in property plant and equipment-5344-42241120210
      ndash as of sales revenue1138627
      Add to capitalized development costs-1352-1885(533)(394)
      Acquisition and disposal of equity invest-9864162x
      Net cash flow171839292210x
      Capital contributions FS divisions CV PE14-23(37)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow6774106353861570
      +Change in working capital3039914(2125)(699)
      =Cash flows from operating activities9812115491737177
      Cash flows from investing activities-7590-6610979129
      thereof
      Invest in property plant and equipment-5821-46431178202
      ndash as of sales revenue1058223
      Add to capitalized development costs-1504-1991(488)(324)
      Acquisition and disposal of equity invest-121-9229239
      Net cash flow222349392716x
      Capital contributions FS divisions11-23(34)x
      Acquisitions of shares of minorities0-237(237)x
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total754738(16)(21)
      thereof
      SAIC-Volkswagen Groupsup1558197(361)(647)
      FAW-Volkswagen34744193269
      Other Chinese Companiessup289232143x
      Sinotruk (Hong Kong) Ltd-33x
      There Holding-32-132975
      Rheinmetall M V-65469x
      Mobility Trader Holding Ltd--37(37)x
      Argo--44(44)x
      Navistar9-34(43)x
      Northvoltsup3-7-21(14)x
      Elimination of unrealized profit-178-57121679
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Interest income244157(87)(357)
      Interest expenses-522-677(155)(297)
      Interest result on other liabilitiessup2-185-2031897
      Result on interest derivativessup2-8-157856
      Other financial result-17812131391x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities145-63(208)x
      Net income from equity investments-195-286(91)(469)
      Net income from securities and fundssup1-28139167x
      Currency Other derivatives-7713181394x
      thereof Valuation16923907x
      thereof Realization-92395487x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions4124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo2113111x-----x
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions14124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo---x-2-113111x
      sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
      sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
      Volkswagen Group Administrative Expenses
      Q4Q4b(w) prior year
      euro million20192020absolute
      Total administrative expenses29312185746255
      thereof
      Personnel costs16641413251151
      Material overhead expenses17141253460269
      Other administrative expenses-447-4813476
      thereof DepreciationInvest overh exp209221(12)(58)
      Volkswagen Group Distribution Expenses
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total distribution expenses5885554733857
      thereof
      Personnel costs141113516042
      Sales Expenses24541861593242
      thereofIncentives60142(82)x
      Advertising and sales promotion23391701sup2638273
      Material overhead expenses1284118210380
      Other distribution costs7361153sup3(417)(566)
      thereofDeferral of fixed costs in sales orga-394-329(65)(165)
      DepreciationInvest overhead expenses33529045135
      Other direct costs of sale317358(41)(129)
      Freight-out packaging-shipping costs526603(77)(147)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
      sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
      sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q4Q4b(w) pyQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
      2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special items-1080-245835773
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special itemssup2-1080-245835773
      Operating profit2342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 4 Quartal 2019
      5 Lauf
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars92493922960238921013310874-4961218-4961218
      Audi3003351434816710790692431271245612712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-455sup2958sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items34217982
      Sspecial items--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro xxx (xxx) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x--524-97621x
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions41249583203-412-49583203
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528--1828--863965528
      thereof litigation expenses-2066-6631403679--2066--6631403679
      thereof gain of contribution AID to Argo2113111x-2-113111x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-53254-51780147328
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x338170-1990-1652338170
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)--1141--1027(114)(100)
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828--53254sup2-807--51780-76828
      Gross profit12761193156172322241276119315617232224
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x--524-08-9701x
      Operating profit3421527982118x3421527982118x
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x3718569413140x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items342179824561x
      as of sales revenue5211867sup1
      Special itemssup2---x
      Operating profit342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items371894135695x
      as of sales revenue5614083sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 eurox million 2020 eurox million
      Schluumlssel3000GJ Aktuell3010GJ Aktuell3021GJ Aktuell3022GJ Aktuell3023GJ Aktuell3280GJ Aktuell3030GJ Aktuell3035GJ Aktuell3027GJ Aktuell3200GJ Aktuell3210GJ Aktuell3205GJ Aktuell3270GJ Aktuell3272GJ Aktuell3340GJ Aktuell3320GJ Aktuell3325GJ Aktuell3361GJ Aktuell3415GJ Aktuell3160GJ Aktuell3330GJ Aktuell
      GJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ AktuellGJ Aktuell
      Position300030103021302230233280303030353027320032103205327032723340332033253361341531603330
      Gesamtergebnis000000000000000000
      IB9999000000000000000000
      299999-436507758823-45129364845124192612210-10635442015-2307299780564173399598336140485-482769505002-360905616744-387995784154-44554859665-4262837325-46376905702-87849327348-23503890829-205576380191047811877419
      299999
      1999994121964569512571190817424914098502108693579163456413199-124790004982083097776335974639744-8632063388423039544912643673581-295263383453740778213496534942-341623835792730168222228211731
      199999
      11199987918650522783015175055510315369177889133261225415175-15421894160655611216401943839111375819934794175372365659338-31593429184124223382331052376328669991121037791299-384613825
      111999
      111199-1842676415-1776296573101613362531487-663798421243852-379751-815181799-721314419-721339265-248462960969865-250225-10695903633546580332-381290201
      111199
      111110169114321198850219-3797517884-297358981243852-379751353385203345603839345578993-2484684685269-25022519435617-7304839-381290201
      11111527626719322762671932-106292829-106292829-1062928292876284596-7319835
      111116
      111120-3754885315-37395780190-15307296-672833
      111130-2001136713-20011367133140816-1062274173-960625429-960625429-126327373570028328
      1111409815593610028960081016513376-21336648-8823322
      1111500000
      111299250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111299
      111210250026052825534951863118700291-53234658189210194-8662238-42909474-42909474-103015459-103015459
      111399488860920754049437423315610246263238849521561024623637994005-4522735291941287912393561439-31369153823437940453114473348635084923382
      111399
      1113104189330422933501586387-10552977747911411795-1055297774-152661596-1822880246-2371947671585685479-70467897653320859761697548388939960708261
      111320699278784669927878461211400236-158752684312114002365164609965137060671721784826778078759639098743831170806915-830750403-4875784879
      111330
      1114993837497433437029944659-185543167114618796741345029675-16665746-143298951136657540132287346147230237836615032219-224275364004874886413789444290895541112406287585-3323624
      111499
      1114102197612867621617032746-1432989518654450835909593-16665746-14329895160443016912380568514148043717674752-22427536351761694273698912429189654512249239943-3323624
      111420137540923113126574301244143488026348626348626348657408346940409
      11143015075441181533365092311375335166-2582097431305868898421609056022158263069-26425333653113192140090532-14403494863006742
      111440
      111441
      1114700
      111480-52004753-52004753-4224421600
      112999996676788559997577118298647196942326593494-4990869802-273031969685358214460042140181637244608525177287878792195388-2056308446213220273-4552608831398203179-5987408857-116999887
      112999
      11211039604787894348453330363530626918471096937-1015211826-17654533512654381019122233-59279332571833764677761697852301872349525828-12668089921233470103594492516951410319
      11212015708324054166370580912021158712-54600738-276824605-10646249202115871210816091619900935043110047470521103150351-76982064889557075-1440086962482954697-1390886179-113691109
      1122994628363809746263933895-1106626731268089126119664019-11066267331207643387-11736974131215556904513329266458131404449-789838442082505693414002393585704361183145839
      112299
      112210463460575146326393491-1184164961268365788419664019-11841649631261237153-112305042122062689861332931940613140444913464522082505693481957913694186971183156019
      112220-62419413-624595967753823-27666237753823-53593766-50646993-50699941-52948-92448364-6795552-10848261-1018
      1123998191226232682182178053223447766715646492393170104233-148914972234477667427244723799139608189122413980723101789883-3523558120739504962035334931299356859116401052427-375567877
      112399
      112310138714336271346483771614813894943569979339150640456-78827031481389494619298195510531644442347170929129400648516856116139943063421259566118470786421308455688-78523114
      112320671395598926713955989246116478211821389749461164782352629761667786300288818557468203992744-361851837846626434965778436214901390587
      112330901577031157808866929192339125512330519463777-7008794291923391126851426413078137171075669675-232144042-7360089-17203205-89876461488705587191206152-297044763
      112340-308224-308224-74522-74522
      112410-83841333516-79952731893218911907-26417286359-3888601623218911907-48935215697-10021797-16450526228-16446534248-720829282804958-14653190451-21950638057-1762297059
      1139994788074530628576568243882187024559449158569014778388218702985952526883178688317836034241-26148
      113999
      113110-3715883041196644623664126464921121236641269859525291116389111638
      113111-25476475-2547647500-26148
      11311237520988-15549-1554933670378-15549
      113113
      11311443983612862-876414377-92895101638730714774-92895101636034241
      113115-003156411774658361342
      11312000
      113210607924054607924054
      1134103878040459386918703813135211418853421106534361313521141-222846-222846
      1149991951449077-121052867895956638-77325459-77325459-77325459-1776001534
      114999
      1141103574911794-1048208954707340063-77325459-77325459-77325459-63717943
      114120-38611544010-38611544010
      1141302237691684-110570777549770976-1138822104
      115999548157197657466329126743045471950-14092792061-46329024304547195411415979849579914484957991440-19605701780524338143-5484767646218564549420248767469
      115999
      11519966995265715749064001253628520140-7083216659362852014-4229036607175166667175166667-583295426968491568345042787943
      115199
      115110-36267140944284420316413415317-70832166594134153170-1184618-195183230
      115115000000
      11512500000
      1151207062197980970621979809-505633030-50563303-4229036607175166667175166667-571449246970443400645042787943
      115299-1217954595-2431088583941695181-7009575402-463290239416951818343196397832063247783206324770-196057017805243381433481866231500729811157444886747
      115299
      1152100293846247825793933436383630740257939334383545678683545678683545678600-250000003590691350170827978057
      115220000000000000000
      115230-10278762719-3068950276-7209812443-4632902-6909027-35223933-35223933-1960572677671-1004378361501954811-11360285357
      115240-977344742-189498904575571-787845838575571-44624361288551288553814338143-22497197-122954753
      115250-1522564464-1526969621647403644051576474036000149981343-12250-16822000
      1152607870256721791747162135525223134531464801355252231149970875-2176512
      115270
      1152800000
      115290-187899697-187899697-187899697
      149999129494684268-35452593129138895257-11239407108-27782082-27782082-277820821090216354-76074243
      149999
      1449992803620761328036207613-10613952582
      144999
      1419992406273609324062736093-10890518052
      141999
      1411102406273609124062736091-10890518052
      141115002002
      141150
      141180
      1429993979161649397916164927656547
      142999
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      thereof
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Other financial result-17812131391x
      Key Figures by Market
      acute000 vehicleseuro millionVehicle SalesSales Revenue
      Q42019202020192020
      EuropeRem markets12261203(19)4007439661(10)
      North America21923993104741096547
      South America162149(78)28652753(39)
      AsiaPacific13671255(82)126641390898
      Total29732846(43)660756728718
      Hedges sales revenue--x-60111x
      Volkswagen Group29732846(43)660156739821
      Key Figures by Brand and Business Field
      Vehicle SalesSales RevenueSales toOperating ResultOperating Result
      Third Parties
      acute000 vehicleseuro millionQ4Q4Q4Q4Q4Q4Q4Q4Q4
      2019202020192020201920202019202020192020
      VW Passenger Cars924939229602389210133108746331423-4961218
      Audi3003351434816710790692431271251812712456
      Skoda2572534995504324021912485288485288
      SEAT1511652667315514271696197-49197-49
      Bentley44786652539366072072
      Porsche Vehicles728473958604632172191010213710102137
      VW Com Vehicles11195271726841062119613-9213-92
      Scania Vehicles and Services25253507342833923301297329297329
      MAN Commercial Vehicles38383488337733043154105-171105-171
      Power Engineering--1124891112389068-33568-335
      Porsche Hold Salzburg1521455945622653535637162135162135
      VW Chinasup112331115
      Other-142-207-7983-110791933918412-505sup2935sup2-455sup3958sup3
      VW Financial Service10011100439066913492511719251171
      Volkswagen Group before special items4501822734217982
      Sspecial items-1080-245--
      Volkswagen Group29732846660156739866015673983421798234217982
      thereof
      Automotive Division29732846554425680656499578022435675924356759
      of which Passenger Cars29102783473654917948677504552084703920847039
      Commercial Vehicles63636953673666986456345101345101
      Power Engineering Business Area--112489111238905-3815-381
      FS Division10573105929516959698612239861223
      sup1 The sales revenue and operating profit of the joint venture companies in China are not included in the figures for the Group The Chinese companies are
      accounted for using the equity method and recorded an operating profit (proportionate) of euro 970 (1238) million
      sup2 Mainly intragroup items recognized in profit or loss in particular from the elimination of intercompany profits and including depreciation and amortization of
      identifiable assets as part of the purchase price allocation for Scania Porsche Holding Salzburg MAN and Porsche
      Research and Development Costs
      Q4Q4b(w) prior year
      euro million020192020absolute
      Total research and development
      costs36093693(84)(23)
      - as of sales revenuesup1656500sup2
      Capitalized development costs15041991488324
      as of total expense417539123sup2
      +Amortization of capitalized
      development costs12571281(24)(19)
      =Research and development costs
      recognized in the income statement33632983380113
      - as of sales revenuesup1615308sup2
      sup1 Automotive Division
      sup2 Percentage points
      Automotive Division Change in Working Capitalsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total3039914(2125)(699)
      Change in inventories3354272(3082)(919)
      Change in receivables14261828402282
      Change in liabilities-3360-23381023304
      Change in other provisions13501195(155)(115)
      Change in leasing and rental assets
      (excluding depreciation)-29-135(106)x
      Change in financial
      services receivables29992(207)(692)
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 AT
      Key Financial Figures Passenger Cars Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow5908102164308729
      +Change in working capital2761-344(3105)x
      =Cash flows from operating activities867098721203139
      Cash flows from investing activities-6951-59441007145
      thereof
      Invest in property plant and equipment-5344-42241120210
      ndash as of sales revenue1138627
      Add to capitalized development costs-1352-1885(533)(394)
      Acquisition and disposal of equity invest-9864162x
      Net cash flow171839292210x
      Capital contributions FS divisions CV PE14-23(37)x
      Acquisitions of shares of minorities--237(237)x
      Net liquidity 12-31-201912-31-202019878268476969351
      sup1 Including allocation of consolidation adjustments between the Automotive Division and Commercial Vehicles Power Engineering
      03022021 gepruumlft AT
      Key Financial Figures Automotive Divisionsup1
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Gross cash flow6774106353861570
      +Change in working capital3039914(2125)(699)
      =Cash flows from operating activities9812115491737177
      Cash flows from investing activities-7590-6610979129
      thereof
      Invest in property plant and equipment-5821-46431178202
      ndash as of sales revenue1058223
      Add to capitalized development costs-1504-1991(488)(324)
      Acquisition and disposal of equity invest-121-9229239
      Net cash flow222349392716x
      Capital contributions FS divisions11-23(34)x
      Acquisitions of shares of minorities0-237(237)x
      Net liquidity 12-31-201912-31-202021276267965520259
      sup1 Including allocation of consolidation adjustments between the Automotive and Financial Services divisions
      03022021 gepruumlft AT
      Share of the result of equity-accounted investments
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total754738(16)(21)
      thereof
      SAIC-Volkswagen Groupsup1558197(361)(647)
      FAW-Volkswagen34744193269
      Other Chinese Companiessup289232143x
      Sinotruk (Hong Kong) Ltd-33x
      There Holding-32-132975
      Rheinmetall M V-65469x
      Mobility Trader Holding Ltd--37(37)x
      Argo--44(44)x
      Navistar9-34(43)x
      Northvoltsup3-7-21(14)x
      Elimination of unrealized profit-178-57121679
      sup1 SAIC-Volkswagen Autom Comp Ltd und SAIC-Volkswagen Sales Company Ltd Shanghai incl consolidation effects
      sup2 Volkswagen FAW Engine Co Ltd Shanghai VW Powertrain VW-FAW Platform Company Ltd Volkswagen (Anhui) Automotive (former JAC VW Automotive)
      MOS Intelligent Connectivity Technology Co Ltd Anhui Jianghuai Automobile Group Holdings Ltd
      sup3 Northvolt Zwei Verwaltungs-GmbH Northvolt Zwei GmbH amp Co KG NorthVolt AB
      Financial Result
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total financial result29714311133x
      Share of prof amp loss of equity-acc invest754738(16)(21)
      Interest result-278-520(242)(871)
      Interest income244157(87)(357)
      Interest expenses-522-677(155)(297)
      Interest result on other liabilitiessup2-185-2031897
      Result on interest derivativessup2-8-157856
      Other financial result-17812131391x
      thereof
      Valuation effects on put options and compensation rights---x
      Exchange rate changes of receivables and liabilities145-63(208)x
      Net income from equity investments-195-286(91)(469)
      Net income from securities and fundssup1-28139167x
      Currency Other derivatives-7713181394x
      thereof Valuation16923907x
      thereof Realization-92395487x
      sup1 Including earnings from sale
      Volkswagen Group other operating IncomeExpenses
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions4124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo2113111x-----x
      Volkswagen Group other operating IncomeExpenses
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million20192020absolute20192020absolute
      Total other operating incomeexpenses-52497621x-1376852-362458(393)(462)
      thereof
      Foreign currency influences-291948x--29-1948x
      Other hedging-332455787x--332-455787x
      Futures Commodities---x-----x
      Reversal of provisions14124958320329383-7502119310
      Rental income3636002-36-36002
      Net income from disposalswrite-ups90952(857)(943)-909-52(857)(943)
      Income from cost allocations334259(75)(224)-334-259(75)(224)
      Valuation allowances on receivables-25-355(330)x--25--355(330)x
      Other incomeexpenses2-1828-863965528-1404-424-355-509(85)(200)
      thereof litigation expenses-2066-6631403679-1404-661-353-310352532
      thereof Other expenses-Labour costs from restructuring-12-316(304)x
      thereof gain of contribution AID to Argo---x-2-113111x
      sup1 Incl special items from diesel issue 2019 euro29 million 2020 euro-7 million
      sup2 Incl special items from diesel issue 2019 euro1404 million 2020 euro-355 million
      Volkswagen Group Administrative Expenses
      Q4Q4b(w) prior year
      euro million20192020absolute
      Total administrative expenses29312185746255
      thereof
      Personnel costs16641413251151
      Material overhead expenses17141253460269
      Other administrative expenses-447-4813476
      thereof DepreciationInvest overh exp209221(12)(58)
      Volkswagen Group Distribution Expenses
      Q4Q4b(w) prior year
      euro million20192020absolutein
      Total distribution expenses5885554733857
      thereof
      Personnel costs141113516042
      Sales Expenses24541861593242
      thereofIncentives60142(82)x
      Advertising and sales promotion23391701sup2638273
      Material overhead expenses1284118210380
      Other distribution costs7361153sup3(417)(566)
      thereofDeferral of fixed costs in sales orga-394-329(65)(165)
      DepreciationInvest overhead expenses33529045135
      Other direct costs of sale317358(41)(129)
      Freight-out packaging-shipping costs526603(77)(147)
      sup2 incl Loyalty Program euro XXX million
      sup3 incl indirect residual value risks dealer incentives euro XXX million
      Volkswagen Group Cost of Sales
      before special items
      Q4Q4b(w) prior yearQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs1990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other-1154x 09 Kosten der Umsatzerloumlse-1033x(121)(105)-303-851-90-94392108
      Volkswagen Group Cost of Sales
      Q4Q4b(w) prior yearQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019in UE2020in UEabsolutein20192020absolute
      Total cost of sales53254x 09 Kosten der Umsatzerloumlse51780x147328-29653550-11751897165231
      thereof
      Direct material and cost of goods purchased30079x 09 Kosten der Umsatzerloumlse30529x(449)(15)-30079-30529(449)(15)
      Warranty costs11990x 09 Kosten der Umsatzerloumlse1652x33817081982-271678304153
      Personnel expenses8547x 09 Kosten der Umsatzerloumlse7497x1050123-8547-74971050123
      Deferral of fixed costs-1919x 09 Kosten der Umsatzerloumlse-1376x(543)(283)--1919--1376(543)(283)
      Material overhead expenses6423x 09 Kosten der Umsatzerloumlse5792x63098-6423-579263098
      Investment overhead expenses4478x 09 Kosten der Umsatzerloumlse4493x(15)(03)-4478-4493(15)(03)
      thereofDepreciation4213x 09 Kosten der Umsatzerloumlse4233x(20)(05)-4213-4233(20)(05)
      Capitalized own research development costs-1489x 09 Kosten der Umsatzerloumlse-1912x423284--1489--1912423284
      Cost of sales from Financial Services8366x 09 Kosten der Umsatzerloumlse8518x(153)(18)-8366-8518(153)(18)
      thereofResidual values vehicles operate lease4275x 09 Kosten der Umsatzerloumlse4404x(128)(30)-4275-4404(128)(30)
      thereofInterest expenses FS business673x 09 Kosten der Umsatzerloumlse541x133197-673-541133197
      thereofDepreciations on rental asset2348x 09 Kosten der Umsatzerloumlse2517x(169)(72)-2348-2517(169)(72)
      Services Accounting-2079x 09 Kosten der Umsatzerloumlse-2385x306147--2079--2385306147
      Other2-1141x 09 Kosten der Umsatzerloumlse-1027x(114)(100)-303-851-90-94392108
      sup1 Incl special items from diesel issue 2019 euro8 million 2020 euro-27 million
      sup2 Incl special items from diesel issue 2019 euro-303 million 2020 euro-90 million
      Volkswagen Group Income Statement
      before special items
      Q4Q4b(w) pyQ4Q4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales-53254-807-51780-76828296-53550-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      Volkswagen Group Income Statement
      Q4Q4b(w) pyQ4b(w) py
      Specialitems PYSpecialitems
      euro million2019202020192020
      Sales revenue6601510006739810002166015100067398100021
      Cost of sales1-53254-807-51780-76828296-53550sup2-811117-51897-77031
      Gross profit12761193156172322241246518915500230243
      Distribution expenses-5885-89-5547-8257--5885sup3-89--5547-8257
      Administrative expenses-2931-44-2185-32255--2931-44--2185-32255
      Other operating incomeexpenses2-524-089701x-137685213-36245807(462)
      Operating profit3421527982118x4501688227122828
      Share of profloss of equ-acc invest7541173811(21)-75411-73811(21)
      Interest resultOther fin result-456-0769310x--456-07-69310x
      Financial result29705143121x-29705-143121x
      Profit before tax3718569413140x4798739658143x
      Income tax expense-843-13-2320-34x
      Profit after tax2876447093105x
      sup1 Incl special items from diesel issue 2019 euro296 million 2020 euro117 million
      2 Incl special items from diesel issue 2019 euro-1376 million euro 2020 euro-362 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special itemssup2-1080-245835773
      Operating profit2342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Volkswagen Group Key Financial Figures
      Q4Q4b(w) prior year
      euro million20192020absolute
      Sales revenue6601567398138321
      Operating profit before special items450182273726828
      as of sales revenue6812254sup1
      Special itemssup2-1080-245835773
      Operating profit2342179824561x
      as of sales revenue5211867sup1
      Financial result29714311133x
      Profit before tax before special items479896584860x
      as of sales revenue7314371sup1
      Profit before tax371894135695x
      as of sales revenue5614083sup1
      Income tax expense-843-2320(1477)x
      Tax rate in227246(20)sup1
      Profit after tax287670934217x
      sup1 Percentage points
      sup2 Incl special items from diesel issue 2019 euro-1080 million 2020 euro-245 million
      Inhaltsverzeichnis
      01 Deckblatt
      02 Inhaltsverzeichnis
      03 Wesent Finanzzahlen VW
      05 GuV
      09 Kosten der Umsatzerloumlse
      10 Vertriebskosten
      11 Verwaltungskosten
      12 Sonstiges betr Ergebnis
      13 Finanzergebnis lang
      14 At Equity Ergebnis
      20 Cash-Flow Automobile
      21 Cash-Flow Pkw
      22 Working Capital Automobile
      24 F amp E Kosten
      25 Umsatzerloumlse Vorjahresquart
      25 Umsatzerloumlse Vorquartal
      26 Umsatzerloumlse nach Maumlrkten
      29 Finanzergebnis
      Bilanz_GuV_Akt
      Bilanz_GuV_Vgl
      Bilanz 3112
      Cashflow KK GJ
      Cashflow KK Vgl
      Umsatz Dritte GJ
      Umsatz Dritte Vgl
      Umsatz Dritte GJ VQ
      Absatz MG GJ
      Absatz MG Vgl
      Absatz Marken GJ
      Vorstandscharts
      4 Quartal 2020 zu 4 Quartal 2019
      5 Lauf

      top related