DGAP-Ad-hoc: VOLKSWAGEN AG / Key word(s): Annual Results 
VOLKSWAGEN AG: Volkswagen AG announces preliminary figures for the business year 2020 
22-Jan-2021 / 11:02 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
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Volkswagen AG announces preliminary figures for the business year 2020 
Despite the ongoing unprecedented Covid 19 situation, the Volkswagen AG has proved to be quite robust in the second 
half of 2020. The deliveries to customers of the Volkswagen Group continued to recover strongly in the fourth quarter 
and even exceeded the deliveries of the third quarter 2020, leading to strong Group turnover. Also the reported 
Automotive net cash position showed a very positive development. 
Based on preliminary figures, the Volkswagen Group expects the following for the full year 2020: 
- Operating profit before special items related to diesel of around 10 billion Euros 
- Reported Automotive net cash flow of around 6 billion Euros 
As usual, the key financial figures for the full year 2020, as well as the official guidance for the Group will be 
disclosed at the end of February. Further details will be discussed during our Annual Press Conference on March 16th. 
Helen Beckermann 
Head of Volkswagen Group Investor Relations 
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22-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and 
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Archive at www.dgap.de 
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Language:     English 
Company:      VOLKSWAGEN AG 
              Berliner Ring 2 
              38440 Wolfsburg 
              Germany 
Phone:        +49 (0)5361 9 - 49015 
Fax:          +49 (0)5361 9 - 30411 
E-mail:       helen.beckermann@volkswagen.de 
Internet:     www.volkswagenag.com/ir 
ISIN:         DE0007664039, DE0007664005 
WKN:          766403, 766400 
Indices:      DAX, Euro Stoxx 50 
Listed:       Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; 
              Regulated Unofficial Market in Tradegate Exchange 
EQS News ID:  1162483 
 
End of Announcement  DGAP News Service 
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1162483 22-Jan-2021 CET/CEST

(END) Dow Jones Newswires

January 22, 2021 05:04 ET (10:04 GMT)