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Volkswagen Group decreases revenues 11.8%, operating profit 43.0% in 2020

The Volkswagen Group announced 2020 financial results on February 26. Sales revenue decreased 11.8% year over year to EUR 222.9 billion and operating profit decreased 43.0% to EUR 9.7 billion. The 11.8% decrease of sales revenue was mainly attributable to falling volumes as a result of the Covid-19 pandemic.
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