Volkswagen AG Comments On FY 2012 Revenue Guidance; Issues FY 2012 Operating Profit Guidance Above Analysts' Estimates; Comments On FY 2013 Operating Profit Guidance-DJ

Dow Jones reported that Volkswagen AG expects operating profit in fiscal 2012 to be on last year's level as higher costs for new technology offset a rise in vehicle sales and revenue, but it added that operating profit is anticipated to rise again in fiscal 2013. The Company reported revenues of EUR159 billion and operating profit of EUR11.271 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of EUR166 billion and operating profit of EUR11.052 billion in fiscal 2012; operating profit of EUR12.980 billion in fiscal 2013.