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2015 was the best year for Volkswagen

In spite of the diesel gate scandal and the launch of new models the Slovak arm of the German carmaker keeps growing.

Volkswagen Slovakia(Source: SME)

“We managed to increase production by about 3,000 cars to 397,458 in 2015 compared with the year when we did not deal with this topic,” said Ralf Sacht, CEO of Volkswagen Slovakia when introducing results for 2015. “We started this year also very well.”

The oldest carmaker in Slovakia increased sales to €7.2 billion from 2014’s €6.2 billion, up by 17 percent. Profit before taxes increased from €196 million in 2014 to €213 million in 2015, up by 9 percent. The total investments of the company increased by 78 percent to €414.6 million, the SITA newswire reported.

Thus, the year 2015 has historically been the best for the carmaker, SITA wrote.

Read also:VW scandal may affect Slovakia’s auto sector

In addition, the company manufactured a total of 397,458 vehicles, up from 394,474 in 2014. Also the number of employees rose, by 9.3 percent year-on-year to 10,800. It is the highest number in the history of the company, SITA reported.

The company’s costs on goods sold amounted to €6.92 billion last year, while the operating profit amounted to €215 million. The volume of purchased components for vehicles, transmissions and components amounted to €5.8 billion.

Volkswagen’s exports amounted to €7.1 billion last year, while Slovakia exported 99.6 percent of manufactured vehicles. The biggest customers were Germany (36.8 percent), the USA (13.4 percent) and China (10 percent).

The Bratislava-based plant produced altogether 262,400 transmissions last year, which were added to all types of cars produced by the carmaker. The plant in Martin (Žilina Region) which employs 800 people produced 36.4 million components last year, up by 4.3 percent y/y, SITA wrote.

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Topic: Automotive


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