Europe's biggest carmaker said operating profit before valuation effects from commodity hedging, however, increased by 35% to 7.1 billion euros.
"We had indeed a really encouraging start into the year 2023, with both revenues and underlying operating profit improving significantly," Volkswagen Chief Financial Officer Arno Antlitz told CNBC's Annette Weisbach on Thursday. Shares of Volkswagen were marginally higher on Thursday morning. The stock price is up roughly 5.5% year-to-date.
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