Orders received by the Volkswagen Group
ORDERS RECEIVED IN THE PASSENGER CARS SEGMENT IN WESTERN EUROPE
The temporary restrictions on the range of models on sale attributable to the introduction of the WLTP with effect from September 1, 2018 had a negative impact on the order situation in Western Europe in fiscal year 2018. Incoming orders in the reporting period were down 5.9% year-on-year. Developments in the key markets were mixed: while especially Germany and the United Kingdom registered a larger decline, incoming orders rose in Spain, France and Italy.
ORDERS RECEIVED FOR COMMERCIAL VEHICLES
Orders received for light commercial vehicles of the Volkswagen Group in Western Europe were 1.6% lower than in the previous year at 342,386 units.
Orders received for mid-sized and heavy trucks and buses increased by 3.5% year-on-year to 233,627 vehicles in 2018. In Western Europe, our main sales market, ongoing positive economic stimulus gave a boost to incoming orders. Orders received in South America were up in response to the economic recovery in Brazil.
ORDERS RECEIVED IN THE POWER ENGINEERING SEGMENT
The long-term performance of the Power Engineering business is determined by the macroeconomic environment. Individual major orders lead to fluctuations in incoming orders during the year that do not correlate with these long-term trends.
Orders received in the Power Engineering segment in 2018 amounted to €4.0 (3.7) billion. Engines & Marine Systems and Turbomachinery generated more than two-thirds of the order volume in a persistently difficult market environment. In the marine business, for example, orders came in for the supply of engines and exhaust gas treatment systems for seven new cruise ships with an aggregate output of 290 MW. In the power plant business, orders were won in Bangladesh for 36 engines with an aggregate output of 724 MW. In the area of turbomachinery, we received a follow-up order for the expansion of an underwater compressor station in the North Sea.