Volkswagen: forecasts raised after 'record' H1

(CercleFinance.com) - On Thursday Volkswagen raised its annual margin target by 0.
5% after posting a "record" operating profit in the first half of the year.

For FY 2021, the German car giant now expects an operating margin of between 6.5% and 7%, compared with a previous range of between 6% and 6.5%.

In the first half of the year, operating profit came in at 11.4 billion euros, a new record after the previous high of 10 billion euros set in H1 2019, well before the health crisis.

Meanwhile, its operating margin was 8.8%.


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