Volkswagen: up to 4% expected increase in 2017 sales.

(CercleFinance.com) - After unveiling mixed preliminary results at the end of February, Volkswagen Group announced this Tuesday its "new momentum" and "optimism" at the start of 2017.


"Volkswagen is back on track," said CEO Matthias Müller at the presentation of the group's 2016 annual financial statements today in Wolfsburg.

Revenues of the Volkswagen Group are now expected to increase by up to 4% year-on-year in 2017, while the carmaker anticipates an operating return on sales of 6%-7%.

After setting new record deliveries in FY 2016 - despite all of the challenges from the diesel issue - the group also believes that deliveries in 2017 will moderately exceed volumes of the previous year, amid "persistently challenging market conditions."

VW shares are currently down 0.5% at 143.5 euros on Frankfurt's DAX index.

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