VW expects group revenue to exceed last year’s record 217 billion euros ($231 billion) by as much as 4 percent this year and is forecasting an underlying operating margin of between 6 and 7 percent, compared with 6.7 percent in 2016, it said, affirming a forecast given on Feb. 24.
Still, operating profit of its core autos division slipped further to 1.87 billion euros in 2016 from 2.10 billion a year earlier as the brand is struggling to implement a wide-ranging turnaround plan.
