Net income for the year

At €65.6 billion, Volkswagen AG’s sales in the reporting period were down 4.1% on the previous year. The proportion of sales generated outside Germany was 62.8% (63.5%). The 2.4% decrease in cost of sales to €61.9 billion resulted in gross profit of €3.6 billion (€4.9 billion).

Selling, general and administrative expenses were 1.7% higher in fiscal year 2013 than in the previous year, at €6.1 billion; the ratio of selling, general and administrative expenses to sales rose to 9.3% (8.8%).

Other operating result amounted to €0.9 billion (€1.3 billion).

The financial result declined by 22.6% year-on-year to €6.1 billion, due in particular to lower income from investments.

Volkswagen AG’s result from ordinary activities decreased overall to €4.6 billion (€8.1 billion) in 2013. After deducting income taxes, net income for the year was €3.1 billion.