To our Shareholders
“SUSTAINABLE, SAFE AND INDIVIDUAL MOBILITY – THAT IS OUR PROMISE TO EVERYONE. WE ARE REINVENTING VOLKSWAGEN TO DELIVER ON OUR PROMISE IN THE DIGITAL ERA.”
Matthias Müller
What you'll find in this chapter:
(ar) /strategy.html
(ar) /strategy/report-of-the-supervisory-board/members-of-the-supervisory-board-and-board-of-management.html
Members of the Supervisory Board and Board of Management
In accordance with section 104 of the AktG, the court appointed Ms. Birgit Dietze, Secretary to the board of IG Metall trade union, to the Supervisory Board of Volkswagen AG as an employee representative effective June 1, 2016. She thus succeeded Ms. Babette Fröhlich, who stepped down from her office on the same date.
Mr. Akbar Al Baker, a shareholder representative on the Supervisory Board of Volkswagen AG, stepped down from his office with effect from the end of the 56th Annual General Meeting on June 22, 2016. The Annual General Meeting elected Dr. Hessa Sultan Al-Jaber to replace him for the remainder of his term of office.
Ms. Annika Falkengren’s scheduled term of office and the terms of office of the court-appointed members of the Supervisory Board – Dr. Louise Kiesling and Mr. Hans Dieter Pötsch – expired at the end of the 56th Annual General Meeting. The Annual General Meeting elected all three members to a full term of office in the Supervisory Board of Volkswagen AG.
Dr. Karlheinz Blessing succeeded Dr. Horst Neumann as the member of the Board of Management of Volkswagen AG with responsibility for Human Resources and Organization effective January 1, 2016.
Dr. Christine Hohmann-Dennhardt, who was responsible for the newly created Integrity and Legal Affairs position on the Board of Management of Volkswagen AG with effect from January 1, 2016, left the Board of Management by mutual agreement effective January 31, 2017. The Supervisory Board thanks Dr. Hohmann-Dennhardt for helping the Group achieve key milestones with her outstanding technical expertise and experience and for supporting the Group in revising its internal directives and processes.
Ms. Hiltrud Dorothea Werner succeeded Dr. Hohmann-Dennhardt in the Integrity and Legal Affairs position on the Board of Management effective February 1, 2017.
Former Supervisory Board member Mr. Walther Leisler Kiep died on May 9, 2016 aged 90. The former Minister of Finance for the State of Lower Saxony was a member of the Supervisory Board from 1976 to 1982 and from 1983 to 1997 and accompanied the company’s development with great personal commitment during that time. We will honor his memory.
(ar) /divisions/bentley.html
Bentley
In 2016, the Bentley brand presented the next generation of the Mulsanne series, including the Mulsanne Speed and Mulsanne Extended Wheelbase. The new Bentayga luxury SUV was in high demand and made a major contribution to record sales.
BUSINESS DEVELOPMENT
In 2016, Bentley celebrated the world premiere of the new generation of its Mulsanne series, which thrills customers with enhanced assistance and infotainment functions and on the exterior in particular with its even more imposing radiator grille. In addition to the luxury Mulsanne with its 377 kW (512 PS) engine, Bentley offers the particularly powerful Mulsanne Speed with a power output of 395 kW (537 PS) and the highly luxurious Mulsanne Extended Wheelbase. Limited to 50 vehicles, the First Edition boasts exclusive features including a Mulliner-styled picnic table and a veneer crafted from the finest English walnut. The Bentley Bentayga, the Group’s first luxury SUV, celebrated its successful market premiere in 2016 and immediately became the brand’s best-selling model in its first year.
In the reporting year, the Bentley brand increased deliveries to customers to 11,023 (10,100) vehicles, marking a new sales record. Around a quarter of Bentley’s vehicles were once again delivered to the USA. The brand also achieved high growth rates especially in Western Europe (+25.7%) and in Central and Eastern Europe (+67.5%).
The Bentley brand sold 11,298 vehicles worldwide in 2016, 6.4% more than in the previous year. The increase was primarily attributable to the success of the Bentayga.
The Bentley brand produced 11,817 vehicles in 2016, up 8.5% on the previous year.
SALES REVENUE AND EARNINGS
Bentley generated sales revenue of €2.0 billion, exceeding the equivalent prior-year figure by 4.9%. Despite a change in market conditions and the start-up costs for the Bentayga, positive exchange rate effects and cost reductions meant that the operating profit remained on a par with the previous year at €112 (110) million. The operating return on sales fell slightly to 5.5 (5.7)%.
11 thousand
Vehicles delivered in 2016
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PRODUCTION |
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|---|---|---|---|---|
Units |
2016 |
2015 |
||
|
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|
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Bentayga |
5,586 |
96 |
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Continental GT Coupé |
2,272 |
3,997 |
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Flying Spur |
1,731 |
3,660 |
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Continental GT Convertible |
1,600 |
2,216 |
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Mulsanne |
628 |
919 |
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|
11,817 |
10,888 |
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| Download |
BENTLEY BRAND |
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|---|---|---|---|---|---|---|
|
2016 |
2015 |
% |
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|
|
|
|
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Deliveries (units) |
11,023 |
10,100 |
+9.1 |
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Vehicle sales |
11,298 |
10,616 |
+6.4 |
|||
Production |
11,817 |
10,888 |
+8.5 |
|||
Sales revenue (€ million) |
2,031 |
1,936 |
+4.9 |
|||
Operating result |
112 |
110 |
+1.5 |
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as % of sales revenue |
5.5 |
5.7 |
|
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Bentayga
DELIVERIES BY MARKET
in percent
FURTHER INFORMATION
www.bentleymotors.com